North Sea
Field Development , Lease Sales
Norway Offers Additional Blocks for Offshore Oil Exploration in Already Opened Areas
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.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of June 17, 2020
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.
Field Development
Wintershall Noordzee Starts Production at New Gas Well in North Sea
Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom EP, began drilling the well in February.
Digital Oilfield , Logistics , Subsea
Galvanizing Technology for Crisis Recovery in Oil Sector
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.
Public Capital , Exploration & Production , Acquisitions & Divestitures
Shell Launches Multimillion-dollar Sale of Norwegian Assets
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.
Field Development
Aker BP, Equinor Agree on Development Plan for North Sea Field Area
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.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of June 10, 2020
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.
Field Development
Aker BP, Equinor Approve Investments after Norway Tax Incentive
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.
People , Exploration & Production
Hurricane Energy CEO Trice Resigns as Group Struggles with Output
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.
Public Capital , Investment , Emissions , Renewables , Acquisitions & Divestitures
Total Acquires Stake in $3.7 Billion Offshore Wind Farm Project
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.