Oil major Shell, which is currently drilling the high-impact Pensacola well in the UK North Sea, has encountered gas at the site's reservoir and has recommended to its partners Deltic and One Dyas that a full well testing program be undertaken…
Norway on Wednesday announced an area in the North Sea for applications related to the injection and storage of CO2 on the Norwegian continental shelf.Minister of Petroleum and Energy Terje Aasland said there was a great interest from companies…
Norway has awarded 47 new offshore oil and gas exploration permits to 25 firms in its latest mature areas licensing round, the energy minister said on Tuesday. 'Today's award is an important contribution to ensuring that Norway remains a safe and predictable supplier of oil and gas to Europe…
UK North Sea-focused oil and gas company Orcadian's management said Tuesday it had completed an update of its estimate of technically recoverable resources for the Pilot field, increasing it 18% to 97 MMbbl for a P50 case based upon a polymer flood development scheme…
Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. London-based Shell…
Fugro and Enviros have secured contracts with the Norwegian Petroleum Directorate (NPD) for mapping of the shallowest strata under the seabed offshore Norway, with the objective of locating sites that are best suited for the installation of wind turbines…
Oilfield services company Archer Limited has acquired Aberdeenshire-based firm Romar-Abrado, which offers services to the plugging and abandonment market. The acquisition is based on an enterprise value of USD 8 million, plus an earn-out pending trading performance over 2023 to 2025…
Hellenic Cables has hired the offshore installation company Asso.subsea to move, install, and protect the 220 kV export subsea cable system that will connect the Windanker offshore wind farm to the German extra-high voltage transmission grid…
Norway's Aker Solutions will upgrade Altera Infrastructure's Petrojarl Knarr floating production storage and offloading vessel (FPSO) to be redeployed at Equinor's Rosebank field development, offshore the UK. Petrojarl Knarr was built by Samsung…
TotalEnergies encountered hydrocarbons upon entering the reservoir during recent appraisal drilling at the Isabella discovery in the UK North Sea, about 270 km southeast of Aberdeen.This was shared by Ithaca Energy, TotalEnergies' partner in the Isabella discovery (P1820) in Block 30/12d-12…
The Norwegian oil and gas companies OKEA and DNO Norge have signed a deal for OKEA to enter the offshore license in Norway containing the Brasse discovery, with a 50% stake effective January 1, 2023. Following the transaction, DNO and OKEA will each hold 50% WI in the (PL740)…
Neptune Energy has signed a Memorandum of Understanding with Ørsted and Goal7 to investigate using offshore wind-generated electricity to power new integrated energy hubs in the UK North Sea.Integrated energy hubs have the potential to combine multiple energy systems…
Norwegian Energy Company (Noreco) said Friday it had reached a milestone on the hook-up and commissioning campaign of Tyra II with the crane on the process module (the 'TEG') now in permanent use. 'The milestone was planned for early Q1 2023…
Lime Petroleum AS, a subsidiary of Rex International, has completed the acquisition of a 10 percent stake in the Yme offshore oil field in Norway from Kufpec for an after-tax consideration of $$68.053 million. The completion, in agreement with KUFPEC…
Hurricane Energy's largest shareholder Crystal Amber Fund is calling for the removal of top management at the British company and the appointment of two directors from another firm that the fund says could invest in Hurricane.Hurricane put itself…
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