BP Thunder Horse South Expansion Starts Up Ahead of Schedule and Under BudgetJan 24, 2017
BP has announced that it has started up the Thunder Horse South Expansion project in the deepwater Gulf of Mexico 11 months ahead of schedule and USD 150 million under budget.
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.
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.
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.
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...
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.
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.
Terje Søviknes Appointed New Norwegian Minister of Petroleum and EnergyDec 21, 2016
Terje Søviknes (Progress Party) has been appointed Minister of Petroleum and Energy in Prime Minister Erna Solberg’s cabinet. Søviknes replaces Tord Lien, who was Minister of Petroleum and Energy from 16th of October 2013.