The so-called awards in pre-defined areas are for zones offshore Norway already open to oil and gas companies, in the North Sea, Norwegian Sea and Barents Sea.
Here’s a snapshot of recent energy deals including an acquisition by Northern Oil and Gas of core Williston Basin acreage operated by WPX Energy plus the sale of ORRI by Antero Resources.
Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom EP, began drilling the well in February.
When the oil and gas industry is faced with a collective crisis, demand for new solutions and ways of working increase as challenges are grappled with. Crisis is the mother of invention, after all.
Shell has launched the sale of its stakes in two oil fields and two pipelines in Norway with expected proceeds between $50 million and $100 million, according to a sales document seen by Reuters.
The companies, which have long been gridlocked over the development concept, did not give a start date for production nor an estimate for the cost of developing the field.
Here’s a snapshot of recent energy deals including the closing of Apergy’s multibillion-dollar merger with Ecolab’s upstream business to form ChampionX.
The decision follows an agreement between the ruling minority government and the main opposition parties June 8 to grant more tax incentives for the oil industry.
Robert Trice, the CEO of North Sea oil producer Hurricane Energy, resigned, the group said on June 8 after it had to give up its ambition to sustainably produce around 20,000 barrels per day (bbl/d) and shut one of its pilot wells.
The French energy giant will acquire a 51% stake in the Seagreen 1 project, which, once completed, will be Scotland’s largest offshore wind farm.