Scandinavian Oil-Gas Magazine - Financial

Energy Demand Grows as Fuel Mix Continues to Diversify

Wed, 21 Feb 2018 07:18:56 UT

The 2018 edition of BP’s Energy Outlook has been published and considers the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition.

Tags: BP

Total Strengthens its Position in the Mediterranean Region

Mon, 12 Feb 2018 06:46:40 UT

Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) and the government of Lebanon have signed two Exploration and Production Agreements covering Blocks 4 and 9 located offshore Lebanon...

Tags: Eni, NOVATEK, Total

ExxonMobil Adds 2.7 Billion Barrels to Reserves – Replaces 183% of 2017 Production

Fri, 09 Feb 2018 07:15:21 UT

Exxon Mobil Corporation says it has added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production.

Tags: Exxon Mobil Corporation

Ophir Energy plc Mexico Licence Awards

Mon, 05 Feb 2018 07:14:09 UT

Ophir has announced that, together with its joint venture partners, it has been awarded Block 10 and Block 12 as part of the Mexico offshore bid round 2.4.

Tags: Ophir Energy, PETRONAS, PTTEP International Limited, Repsol

Chevron Announces Major Oil Discovery in Deepwater Gulf of Mexico

Wed, 31 Jan 2018 07:21:22 UT

Chevron Corporation has announced a significant oil discovery at the Ballymore prospect in the deepwater US Gulf of Mexico. Ballymore is located in the Mississippi Canyonarea of the US Gulf of Mexico, approximately...

Tags: Chevron Corporation, Pacific Drilling, Total E&P USA Inc.

Faroe Petroleum Awarded Eight Exploration Licences in Norway

Wed, 17 Jan 2018 08:47:23 UT

Faroe Petroleum has announced that it has been awarded eight new prospective exploration licences, including four operatorships, in the Norwegian North Sea under the 2017 Norwegian APA...

Tags: Faroe Petroleum

Wintershall Success in the APA 2017 Licensing Round

Wed, 17 Jan 2018 08:45:51 UT

Wintershall continues to gain more exploration acreage in Norway. In the Awards for Predefined Areas (APA) 2017 licensing round, Germany’s largest internationally active oil and gas company received shares in six licenses...

Tags: Wintershall

New licences for DEA in Norway

Wed, 17 Jan 2018 08:43:35 UT

The Norwegian Ministry of Petroleum and Energy has awarded five new licenses to DEA in this year’s APA round. DEA’s Exploration Manager Svend Erik Pettersson is pleased with the results...

Tags: DEA

New DEA CEO – “Adapt and Adjust”

Fri, 05 Jan 2018 08:32:48 UT

Maria Moraeus Hanssen announces a time for change on her first day as CEO and Chairman of the Board of Management of DEA Deutsche Erdoel AG.

Tags: DEA Deutsche Erdoel AG, ENGIE E&P International, Yara International

Total Launches Large-Scale Development of the Giant Libra Field

Tue, 19 Dec 2017 11:53:25 UT

Total has announced that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 kilometres off the coast of Rio de Janeiro...

Tags: CNOOC Limited, CNPC, Pré-Sal Petróleo (PPSA), Shell, Total

Statoil Acquires 25% of the Roncador Field in Brazil and Advances its Strategic Partnership with Petrobras

Mon, 18 Dec 2017 09:08:52 UT

Statoil ASA and Petróleo Brasileiro S.A. – Petrobras – have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.

Tags: Petróleo Brasileiro S.A. (Petrobras), Statoil ASA

Petrobras and ExxonMobil Form Strategic Alliance

Fri, 15 Dec 2017 09:33:57 UT

Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

Tags: ExxonMobil, Petrobras

DUC Partners Approve the Largest Ever Danish North Sea Investment

Mon, 04 Dec 2017 05:05:09 UT

Maersk Oil has announced that the Danish Underground Consortium (DUC) has approved an investment of approximately DKK 21 billion in the full redevelopment of the Tyra gas field.

Half of Oil and Gas Firms Confident for the First Time in 4 Years

Fri, 01 Dec 2017 07:02:52 UT

Contractor confidence in the UK Continental Shelf (UKCS) has risen with almost half being more confident about their prospects for the first time since 2013, according to a new industry report.

Tags: Aberdeen & Grampian Chamber of Commerce, Fraser of Allander Institute, KPMG

Statoil Awarded Exploration Licence Onshore Argentina

Fri, 01 Dec 2017 07:00:59 UT

As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration licence as operator in the Neuquén basin.

Tags: Statoil

ExxonMobil Starts Production at Hebron Field

Wed, 29 Nov 2017 08:43:03 UT

Exxon Mobil Corporation has announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day.

Tags: Exxon Mobil Corporation

Eight Energy Companies Commit to Reduce Methane Emissions Within Natural Gas Industry

Fri, 24 Nov 2017 07:32:42 UT

BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall have committed to further reduce methane emissions from the natural gas assets they operate around the world.

Tags: BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total, Wintershall

World Energy Outlook 2017 – World in Transformation

Tue, 14 Nov 2017 07:25:48 UT

According to the World Energy Outlook 2017, the resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system...

Tags: International Energy Agency (IEA)

Statoil Inaugurates Norway’s First Remote-Operated from Land Platform

Fri, 10 Nov 2017 07:44:02 UT

On Thursday 9 November, the opening of the Valemon control room was celebrated at Sandsli in Bergen. Valemon will be the first platform in Statoil’s portfolio to be remote-controlled from land.

Tags: Statoil

Market for Digitalization in Energy Sector to Grow to USD 64 billion by 2025

Wed, 08 Nov 2017 09:17:36 UT

New energy innovations will be centred on digital technologies and the strategic use of data, according to new research published by Bloomberg New Energy Finance (BNEF).

Tags: Bloomberg New Energy Finance (BNEF)

New Gas Module at Troll C

Tue, 07 Nov 2017 08:08:32 UT

The partners in the Fram licence have decided to invest in a new project to increase production from the Fram field in the North Sea. The decision is taken in agreement with the partners in the Troll licence.

Tags: Aibel, Statoil

Chevron Partners with Microsoft to Fuel Digital Transformation from the Reservoir to the Retail Pump

Tue, 31 Oct 2017 08:17:04 UT

Chevron Corporation has announced a 7-year partnership with Microsoft Corp., establishing the company as Chevron’s primary cloud provider, accelerating the application of advanced technologies including...

Tags: Chevron Corporation, Microsoft Corp.

Major Employment Report Shows Signs of Returning Confidence in the Oil and Gas Market

Fri, 27 Oct 2017 09:13:24 UT

Industry survey of 10,000 respondents shows that almost 60% of employers expect to recruit significantly over next 12 months and that almost half of employers expect salaries to rise.

Tags: NES Global Talent, Oilandgasjobsearch.com

Neuquén Province Approves ExxonMobil’s Investment Plan for Los Toldos I South Block

Thu, 26 Oct 2017 08:10:02 UT

ExxonMobil has announced that the Neuquén Province government has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block.

Tags: APASA, ExxonMobil, ExxonMobil Exploration Argentina S.R.L (EMEA), Gas y Petroleo del Neuquén, Tecpetrol

ExxonMobil Acquires Crude Oil Terminal to Serve Growing Permian Basin Production

Thu, 19 Oct 2017 12:26:23 UT

Exxon Mobil Corporation has announced that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP.

Tags: Exxon Mobil Corporation, Genesis Energy LP

2-Year Contract for Ultra-Deepwater Drillship Deepwater Invictus

Wed, 18 Oct 2017 12:13:08 UT

Transocean Ltd. has announced that the ultra-deepwater drillship Deepwater Invictus was awarded a 2-year contract plus three 1-year priced options with a subsidiary of BHP Billiton.

Tags: BHP Billiton, Transocean Ltd.

Børselv Exploration Well Completed

Fri, 29 Sep 2017 06:41:16 UT

Lundin Petroleum AB has announces that its wholly owned subsidiary Lundin Norway AS has completed drilling of exploration well 7220/6-3 on the Børselv prospect in PL609 on the Loppa High...

Tags: Lundin Norway AS, Lundin Petroleum AB

ExxonMobil Expands its Presence in Brazilian Waters

Peter Howard Wertheim & Dayse Abrantes — Fri, 29 Sep 2017 06:18:16 UT

A consortium formed by Brazil’s state controlled oil giant, Petrobras and Exxon Mobil Corporation won two blocks in Brazil’s Campos basin at an oil auction on Wednesday 27 September 2017...

Tags: Exxon Mobil Corporation, Petrobras

Hansa Hydrocarbons Confirms Important Discovery on GEms Licenses

Wed, 27 Sep 2017 09:38:58 UT

Hansa Hydrocarbons Limited has announced that the N05-1 exploration well drilled offshore Netherlands on its GEms licences, has been confirmed as a significant discovery encountering gas in the target...

Tags: Hansa Hydrocarbons Limited

Statoil Achieves Climate Target 2 Years Ahead of Schedule

Mon, 25 Sep 2017 08:43:48 UT

Statoil has already achieved its 2015 target of reducing the CO₂ emissions from the Norwegian continental shelf by 1.2 million tonnes annually from 2008 to 2020.

Tags: Statoil