North Sea
Field Development
Equinor Starts Martin Linge Oil and Gas Field, Development Costs Double
Norway's Equinor started production at its oil and gas field Martin Linge in the North Sea near the maritime border with Britain, the company said on July 1.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of June 30, 2021
Here’s a snapshot of recent energy deals including an ‘exciting re-entry’ by Surge Energy and Nabors’ Canadian exit plus an investment in a synthetic natural gas startup by Baker Hughes.
Energy Transition , Technology
Cerulean Winds Names NOV as Delivery Partner in Offshore Floating Wind Scheme
Green infrastructure developer Cerulean Winds has named NOV as the first of its delivery partners for the fabrication of its proposed integrated 200-turbine floating wind and hydrogen development off the coast of Scotland, the company said on June 30.
Exploration & Production , Acquisitions & Divestitures
Shell Ups Stake in North Sea Field, Scrapping Previous Deal by BP
Shell, which operates the Shearwater hub, exercised its right of first refusal to the stake after BP agreed last month to sell its stake to Tailwind, a private oil producer backed by commodity trader Mercuria.
Emissions , Energy Transition , Technology
Baker Hughes Bolsters Energy Transition Commitment with New Carbon Capture Partnership
Participation in the new partnership will give Baker Hughes the ability to test and scale its carbon capture, utilization and storage technologies portfolio, the Houston-based company said.
Discoveries
Italy’s Eni Makes Oil Discovery Offshore Norway
The latest preliminary estimates from exploratory wells showed volumes between 60 million and 135 million barrels of recoverable oil equivalents, Vaar said in a statement.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (June 18, 2021)
Range Resources Marcellus Shale wells, Permian Basin results, a Norwegian North Sea wildcat from ConocoPhillips plus Middle Bakken completions by Kraken Resources top this week’s oil and gas drilling activity highlights from around the world.
Exploration & Production
Equinor, Partners Make Discovery at Garantiana West Prospect in North Sea
Recoverable resources are between an estimated 8 and 23 million barrels of oil equivalent, Equinor and partners say.
Energy Transition
BP Joins Consortium Seeking Wind Power Off Norway
BP has agreed to join Norway’s Statkraft and Aker Offshore Wind in a consortium to bid for permits to build wind power projects offshore Norway, the companies said on June 14.
Exploration & Production , Digital Oilfield , Logistics
Neptune Energy Completes Virtual Reality Pilot on North Sea’s Gjøa Platform
The technology, developed by PaleBlue and used to train astronauts travelling to the International Space Station, will reduce the need for offshore travel, lower costs and associated emissions and support safe operations.