Kuwait Foreign Petroleum Exploration Company (KUFPEC) has agreed to acquire an additional 15% interest in the Gina Krog field from Total E&P Norge for US$317 million. The deal, via KUFPEC Norge, will see the firm gain about 34 MMboe in…
Repsol Norge has awarded Archer Ltd. a four-year contract for plugging and abandonment (P&A) operations at the company’s Gyda platform in the Southern North Sea. Gyda. Image from Repsol. The scope of work includes P&A of the wells…
Operator Statoil has announced that the Gina Krog oil and gas field in the Norwegian sector of the North Sea came onstream 30 June 2017 with a video - see below. Gina Krog is about 30km northwest of the Sleipner field. The field has…
The Norwegian Petroleum Directorate (NPD) has granted Statoil consent to start-up production from the Gina Krog field in the North Sea, which the Norwegian giant has set to start-up in late June 2017. Gina…
Kuwait Foreign Petroleum Exploration Co. (KUFPEC) has gained interest in the Greater Sleipner area offshore Norway, in addition to stake in the Gulf of Thailand. Image from KUFPEC. The company’s Norwegian subsidiary…
Statoil is set to move forward with more than half a billion dollar's worth of investment in the UK and Norwegian North Seas after getting the green light for its Utgard and Byrding projects. The move comes just as the firm is considering…
Partners on the Chinguetti oil field offshore Mauritania are considering options for its decommissioning. Production on the field, which is produced via the Berge Helene floating, production storage and offloading vessel (FPSO), is expected to end next year…
Chevron is setting its sights for mid-2017 for first liquefied natural gas (LNG) from its giant Wheatstone project in Australia, according partner Woodside Petroleum said. Illustration of Wheatstone…
Wintershall Norge has signed a sales agreement with the Norwegian oil company OKEA to sell its 10% share in the Yme license on the Norwegian Continental Shelf (NCS). Following the transaction, the equity ownership in PL 316 license is: Repsol Norge (operator) 60%…
Malaysian state oil firm Petronas has awarded its first production sharing contract (PSC) for 2016, and given Thailand's PTTEP its first operatorship in Malaysia. The PSC was awarded to PTTEP HK Offshore, Kufpec Malaysia, and Petronas Carigali for the exploration Block SK410B…
On first glance, the 23rd Norwegian Licensing Round doesn’t look too exciting. Ten licences split between 13 companies could be seen as a sign of the times for the exploration industry. However with a high level of committed wells, the opening of a new frontier…
AGR have been awarded a frame agreement with Lundin Norway for delivering consultancy services on- and offshore Norway. The four-year agreement has extension options which could see the partnership continue for eight years in total. “We…
Eni is a step closer to starting production on the Barents Sea Goliat field in coming weeks following consent to use the Goliat floating production, storage and offloading (FPSO) facility from Norway's Petroleum Safety Authority (PSA). The…
Malaysia's Mitra Energy gained approval from the Prime Minister of Vietnam of the Reserve Assessment Reports for the Nam Du (Block 46/07 PSC) and U Minh (Block 51 PSC) fields, off Vietnam. Image from Mitra Energy…
A total of 26 oil and gas companies applied for rights to explore acreage in the Norwegian and Barents Seas in Norway’s 23rd licensing round this week. This year’s licensing round comprises of 57 announced blocks or parts of blocks, of…
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