Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…
Hess Corp. announced on 5 June that it has been ranked No. 1 among the greenest US energy producers according to the just-released “2014 Newsweek (magazine) Green Rankings” of the largest 500 companies in the world. The rankings, now in their sixth year…
Hess Corporation is set to complete its transition into a pure-play exploration and prodution company after agreeing a deal to sell its retail business to Marathon Petroleum Corporation for US$2.6 billion. Hess says the business unit…
Norway’s government has offered a record 48 companies stakes in 65 new production licenses in its 2013 Awards in Predefined Areas (APA 2013) licensing round. The move sets a record, both in the number of production licenses offered and the number of companies involved…
Det Norske Oljeselskap has commenced drilling the Langlitinden prospect in production license (PL) 659, located 80km northeast of the Snøhvit field. It is the company's first operated well in the Barents Sea.The target for the well (7222/11-2) is to prove hydrocarbons in the Triassic…
Eni Norge has opened a new operations center in Hammerfest as part of its expansion in northern Norway and the Barents Sea. The Italian company has been active in the region since the start of the 1990s and is developing the Goliat oil field…
PTTEP and Pertamina signed a 50:50 joint venture to buy Hess' assets off Indonesia for US $1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
Eni Norge is testing an autonomous underwater vehicle (AUV) designed to carry out subsea environmental monitoring along predetermined tracks. The project is part of investment by Eni Norge in research and development linked to new and improved techniques for monitoring the marine environment…
Eni Norge has opened a new operations center in Hammerfest as part of its expansion in northern Norway and the Barents Sea. Eni has been active in the region since the start of the 1990s and is developing the Goliat oil field - the first oil field to be developed in the Barents Sea…
Carigali Hess Operating Company Sdn. Bhd. awarded Allied Marine & Equipment Sdn. Bhd. (AME) a contract to provide subsea inspection to Carigali Hess’ facilities. AME is a subsidiary of Malaysia’s SapuraKencana Petroleum Berhad. Within the terms of the contract…
The Norwegian Petroleum Directorate (NPD) released a report appraising five field developments on the Norwegian Continental Shelf with investments exceeding NOK 10 billion (approximately US$1.7 billion). The report examines five fields on the Norwegian Continental Shelf (NCS) – Skarv…
The Norwegian Ministry of Petroleum awarded 24 licenses in the country’s 22nd licensing round. The offerings include 20 production licenses in the Barents Sea and four in the Norwegian Sea. The agency granted 29 companies shares—including ConocoPhillips…
Wood Group PSN (WGPSN) will deliver operations & maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year contract. WGPSN will also provide these services to Hess for…
BP starts production at Valhall redevelopment Valhall field (Photo: BP)Production has begun at BP's Valhall redevelopment project in the southern portion of the Norwegian North Sea, the supermajor announced on 28 January 2013. BP Group…
Samara-NaftaHess will persue plans to sell its Russian subsidiary Samara-Nafta, the company announced on 12 November 2012.Samara-Nafta, which was established in 1998, produces approximately 50,00 boepd in the Volga-Urals region.Goldman…
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