Scottish logistics and materials management company ASCO has secured a five-year contract from Aker BP to provide base and logistics services in Tananger, Sandnessjøen, and Farsund in Norway.The agreement also includes continued services in warehouse management…
Norwegian oil and gas companies DNO and OKEA have entered into swap agreement to exchange 10% interests in production licenses that contain Mistral and Horatio prospects.As part of the agreement, DNO Norge will pick up 10% interest in PL1119 containing the Mistral prospect…
Equinor and its partners DNO and Petoro have made an oil and gas discovery west of the Troll field in the North Sea, currently estimated at between 2 and 12 million barrels of oil equivalent.The discovery, made 17 kilometers from the Troll field…
Oil and gas companies operating in Norway expect to invest a record 275 billion Norwegian crowns ($24.68 billion) in 2025, up from 263.7 billion this year and more than previously expected, the Offshore Norge industry association said on Monday…
Japan’s top oil and gas producer Inpex has joined Trudvang carbon capture and storage (CCS) project offshore Norway, by acquiring 30% of Sval Energi’s 40% share in the scheme.Trudvang CCS is a large-scale CCS project that aims to cumulatively…
Harbour Energy has proven gas discovery in an appraisal well in the Norwegian Sea, drilled with Transocean Norge semi-submersible drilling rig.The gas has been proven in an appraisal well 6507/4-5 S, in license 211 CS, located 270 kilometers north of Kristiansund…
Offshore drilling contractor Borr Drilling has secured a contract for its Norve jack-up rig for drilling operations in West Africa.The work, with a repeat customer whose name was not disclosed, is in direct continuation of the Marathon Oil contract and is estimated to begin in third quarter of 2025…
The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.8 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose.Built since 1996 as rainy-day savings…
The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on the U.S. oil and gas industry.The uptick in deals…
Rex International’s subsidiary Lime Petroleum and its partners have secured new license for the exploration of Sognefjord East area with a tie-back to Brage field, while the company also increased its share in the Yme field following the acquisition of interests from OKEA…
U.S. oil and gas company ConocoPhillips has completed the acquisition of Marathon Oil Corporation in a $22.5 billion takeover deal.The $22.5 billion acquisition was first announced in May 2024 as an all-stock transaction, which includes $5.4 billion of Marathon's debt…
Offshore drilling contractor Shelf Drilling has received a notice of suspension for its High Island IV jack-up rig from Saudi Aramco.The suspension is for up to one year, according to Shelf Drilling, which added it has the right to market the rig during the suspension…
Equinor has made an oil and gas discovery in the North Sea, off Norway, estimated at between 13 and 28 million barrels of oil equivalent.An exploration well with sidetrack has been drilled about 10 kilometers north of the Troll field in the North Sea…
Oslo-listed oil and gas company Panoro Energy has signed a Production Sharing Contract (PSC) with the Government of Equatorial Guinea for offshore Block EG-23.Panoro now holds an 80% participating interest and operatorship of Block EG-23, and…
The Norwegian Offshore Directorate has granted OKEA a drilling permit for a new wildcat well at Brage field in the North Sea.The permit is for a wellbore 31/4-A-23 F in production license 055.OKEA is the operator of the license with 35.2% stake…
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