Equinor plans to invest 60 billion-70 billion crowns ($5.7 billion-$6.7 billion) per year offshore Norway towards 2035 as it expects continuing strong demand for oil, it said on Monday.Norway is Europe's largest gas supplier and a major producer of oil…
OMV and its partners have discovered gas in the deepwater Haydn/Monn wildcat well (6605/6-1 S) in the Norwegian Sea.The gas discovery is located around 310 kilometers west of Sandnessjøen, at a water depth of 1,064 meters. The find is approximately…
OMV (Norge) has successfully completed drilling of a deepwater exploration well in the Norwegian Sea with preliminary estimated total recoverable gas volumes of between 30 and 140 million barrels of oil equivalent (mn boe).The deepwater wildcat…
Offshore drilling contractor Northern Ocean announced it has appointed Arne Jacobsen as its new chief executive officer.Jacobsen was previously the CEO of Orion, a joint venture between Hayfin Capital and Transocean, and has experience as a…
Norwegian oil and gas companies should boost investments in exploration and production to slow an expected decline in the country's output in the coming years, the national petroleum industry regulator said in a resource report on Wednesday…
According to the Norwegian Offshore Directorate's projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.Norway still has extensive oil and gas resources on the Norwegian continental shelf (NCS)…
The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wellbore 6608/10-R-2 H in production licence 1013, cf. Section 13 of the Resource Management Regulations.General informationWellbore name6608/10-R-2 HTypeEXPLORATIONPurposeWILDCATProduction…
Norway's Equinor has begun work to resume output at its Gullfaks C oil and gas platform in the North Sea after a shutdown on Sunday, a company spokesperson said on Tuesday. The incident was caused by problems with one of the platform's wells…
An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess…
Production at Libya's Sharara oilfield has risen to about 85,000 barrels per day in a move aimed at supplying the Zawia oil refinery.Libya's National Oil Corporation (NOC) had declared force majeure on oil exports from the field on August 7 after a blockade by protesters hit production at the 300…
Eni reports it started gas production from the Argo Cassiopea field, coming from one of the four subsea wells drilled in recent months in the Strait of Sicily. Once captured, the gas is transported through a 60 km subsea pipeline to the Gela processing plant…
Esgian provides an update on new jack-up contracts in the North Sea and Nigeria in its Week 33 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling 400-ft jackup Prospector 1 has secured a contract extension with ONE-Dyas for work offshore the UK and the Netherlands…
U.S. energy firms last week cut oil and natural gas rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fell by two to 586 in the week to Aug…
Archer has agreed to acquire an additional 10% of the shares in Iceland Drilling from its joint venture partner Kaldbakur for $2.5 million, settled in Archer limited shares, bringing Archer’s total ownership to 60%.Iceland Drilling is a leader in high-temperature geothermal drilling…
Seatrium has delivered its fourth jackup rig, Vali, to Borr Drilling from its Pioneer Yard in Singapore about a year ahead of its planned delivery next year.Vali is a KFELS Super B Class rig, specifically engineered to operate in water depths…