Approval for Utgard and ByrdingJan 18, 2017
Statoil’s plans for development and operation for the Utgard and Byrding fields in the North Sea have been approved by the Norwegian authorities.
New Statoil Discovery Near NorneJan 18, 2017
Statoil reports that 1 year after the licence award an oil and gas discovery has been made close to Norne estimated at between 20 and 80 million barrels.
ExxonMobil to Acquire Companies Doubling Permian Basin Resource to 6 Billion BarrelsJan 18, 2017
Exxon Mobil Corporation reports that it will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by...
DEA Awarded Two New Licences in NorwayJan 18, 2017
Within the 2016 Awards in Predefined Areas (APA 2016), DEA was awarded two new licences by the Norwegian Ministry of Petroleum and Energy, thereof one as operator.
Wintershall Awarded Five Licences in the APA 2016 Licensing RoundJan 18, 2017
Wintershall is continuing its growth on the Norwegian Continental Shelf. In the Awards for Predefined Areas (APA) 2016 licensing round...
Lundin Norway Awarded Four Licences in Norwegian Licensing RoundJan 18, 2017
Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded four exploration licence interests in the 2016 Norwegian Licensing Round...
29 New APA Production Licences for StatoilJan 18, 2017
In connection with the Award in Predefined Areas (APA) for 2016 Statoil has been awarded interests in 29 exploration licences on the Norwegian continental shelf (NCS)...
APA 2016 – Considerable Interest in Further Exploration of the Norwegian Continental ShelfJan 18, 2017
The Ministry of Petroleum and Energy has offered 29 oil-companies participation in 56 production licenses on the Norwegian Continental Shelf in the Award in Pre-Defined Areas 2016 (APA 2016) licensing round.
ExxonMobil Announces New Oil Discoveries Offshore GuyanaJan 13, 2017
ExxonMobil has announced positive results from its Payara-1 well offshore Guyana.
Boné (Dazzler) Exploration Well Commences and Brasse Appraisal Well Added to 2017 Drilling ProgrammeJan 12, 2017
Faroe Petroleum has announced the commencement of the Boné exploration well 7318/12-1 (Faroe 20%) and the decision to drill an appraisal well on the Brasse discovery in the 2017 drilling programme.
Energean to Develop Karish and Tanin with FPSOJan 12, 2017
Energean Oil & Gas has outlined initial details for the development of the Karish and Tanin Natural Gas Fields.
Total’s Offshore Cyprus Block 11 Could Rival Egypt’s Zohr Natural Gas DiscoveryJan 12, 2017
Driven by the success of Eni’s major Zohr Field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit...
Total to Acquire an Additional Interest in the Uganda Lake Albert ProjectJan 11, 2017
Total and Tullow have entered into a package agreement under which Total will acquire an additional 21.57% interest from Tullow in the Uganda Lake Albert oil project.
1 Billion Barrels Produced at ValhallJan 5, 2017
Valhall and Hod have passed one billion barrels of oil equivalents (oil, gas and NGL) produced – thus more than three times what was expected at the opening of the field in 1982.
Fagioli and RINA Services Ensure Smooth Installation of Colossal Hebron Platform TopsidesJan 5, 2017
The Hebron oil field is located offshore Newfoundland and Labrador, Canada in the Jeanne d’Arc Basin. The field has undergone significant development...
Statoil Completes Acquisition of Byrding InterestJan 3, 2017
On 30 December 2016 Statoil and Wintershall Norge completed their previously announced transaction, whereby Statoil has acquired Wintershall’s 25% interest in...
Statoil to Drill Exploration Well in the Norwegian SeaJan 2, 2017
The Petroleum Safety Authority (PSA) Norway has given Statoil consent to drill exploration well 6507/3-12 in the Norwegian Sea.
Engineering the Future of the Tyra Field Starts January 2017Dec 30, 2016
Maersk Oil has issued a notification to the Danish gas market, announcing that an economically viable solution for full recovery of the remaining resources in the Tyra field has not yet been identified...
Production Starts at the Ivar Aasen FieldDec 29, 2016
With the production start of the Ivar Aasen field, Wintershall is once again strengthening its position as one of the major producers on the Norwegian Continental Shelf.
SOCAR and BP-Operated AIOC Sign Principles of Agreement on Future DevelopmentDec 27, 2016
SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) have signed a letter of intent (LoI) for the future development of...
DEA Strengthens its Position in the Njord AreaDec 24, 2016
DEA has strengthened its position in Norway by acquiring participating interest in seven licences in the Njord area in the Norwegian Sea, including 20% increased interest in the Njord field, from Engie E&P Norge AS.
30 Years of Gullfaks OilDec 23, 2016
Gullfaks was Statoil’s first field where the company was both developer and operator. Since production started on 22 December 1986, 2.6 billion barrels of oil have passed the loading buoys.
Acquisition of Stake in Dussafu FieldDec 23, 2016
BW Offshore has in partnership with the BW Group entered into agreement to acquire 66.67% of the Dussafu production sharing contract offshore Gabon.
Agreement for the Development of DvalinDec 22, 2016
Edison has confirmed its interest in the Dvalin (Zidane) concession in the Norwegian Sea, and will contribute to the investment needed for its future development...