Norwegian independent oil company Aker BP said on Thursday it planned to drill more exploration wells this year, after reporting a record operating profit for the final quarter of 2021 buoyed by higher petroleum prices.Its earnings before interest…
The Norwegian Ministry of Petroleum and Energy on Thursday approved Aker BP's plan for development and operation (PDO) for Kobra East & Gekko (KEG) project in the Alvheim area, offshore Norway. Aker BP as the operator, and its license partners…
Norwegian oil and gas company Equinor has filed an impact assessment for the development and operation of the Wisting oil field in the Barents Sea. The plan for development and operation (PDO) is planned to be completed at the end of 2022.The…
The Norwegian offshore oil and gas safety regulator PSA Norway has granted Lundin Energy Norway consent to drill an exploration well in block 6306/9 in the Norwegian sea.Lundin Energy will use Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig for the operation…
Norway has offered 28 companies ownership interests in a total of 53 offshore oil and gas production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2021.Awards in predefined areas (APA) is an annual exploration round in the most mature areas on the Norwegian shelf…
Swedish prosecutors on Thursday brought charges against the chairman and former CEO of Lundin Energy for complicity in war crimes carried out by the Sudanese army and allied militia in southern Sudan from 1999 to 2003.Prosecutors said the company…
Swedish oil and gas company Lundin Energy is considering a potential sale, Bloomberg News reported on Monday, citing unnamed sources.Lundin, which has a market value of about $10 billion, is studying strategic alternatives that could also include a merger or asset disposals…
Swedish oil company Lundin Energy has awarded a one-well contract to Odfjell Drilling for the use of the Deepsea Stavanger drilling rig off Norway.The rig owner said Wednesday that the well had been exercised as part of the options agreed in…
Oil and gas company Eco Atlantic has signed a Memorandum of Understanding to acquire 100% of Azinam Group including Azinam's entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition…
Swedish oil and gas company Lundin Energy has obtained a drilling permit for an offshore exploration well in the Norwegian Sea.The company will use Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig to drill the 6306/9-1 wildcat well in the production licence 886…
Northern Ocean, the billionaire John Fredriksen-owned harsh-environment offshore rig owner, has signed contracts with the Norwegian offshore contractor Odfjell Drilling.Odfjell Drilling will provide Northern Ocean's rig fleet with marketing and management services…
Swedish independent oil firm Lundin Energy will raise its dividend for 2021 by 25% after its third-quarter operating profit almost tripled from a year ago, the company said on Friday.Lundin's earnings before interest and tax (EBIT) for July-September rose to $1…
Vår Energi, the largest independent upstream oil and gas company on the Norwegian continental shelf, has said it has entered a joint industry project to develop a more environmentally friendly method for seismic data collection.'Seismic data…
Austrian oil and gas company OMV has agreed to sell its 25% stake in the Wisting offshore oil field in the Barents Sea off Norway, to the Swedish oil firm Lundin Energy for $320 million. OMV, which discovered the oil field in 2013, said it was focusing increasingly on low-carbon projects…
Swedish oil and gas company Lundin Energy has drilled a dry well at the Dovregubben prospect in the North Sea, offshore Norway.The exploration well 17/8-1 was drilled about 70 kilometers southeast of the Johan Sverdrup field in the North Sea and 140 kilometers southwest of Stavanger…
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