Royal Dutch Shell has launched the sale of its stakes in two oilfields and two pipelines in Norway, according to a sales document seen by Reuters.Shell is selling its 6.45% interest in the Kvitebjorn field and pipeline and its 3.225% interest in the Valemon Unit and Valemon Rich Gas Pipeline…
Norwegian oil and gas firm OKEA will carry out maintenance works on its Draugen platform earlier than initially planned, following the Norwegian government's decision in April to cut oil production to support oil prices.OKEA's Draugen field in the Norwegian Sea…
The article originally titled 'Yme Start-up Date Uncertain as COVID-19 Delays Maersk Inspirer Works' has been updated to include a statement by the Repsol spokesperson who has confirmed the start-up is now expected in 2021.Spanish oil firm Repsol…
Spanish oil company Repsol has been given a green light to use the Maersk Inspirer jack-up rig at the Yme field, in the North Sea, offshore Norway.The consent, granted by the Petroleum Safety Authority Norway, to connection, completion, and…
Norwegian independent oil firm OKEA will ask its bondholders for a waiver of bond covenants and sees a risk of the Yme field development being delayed until 2021, the company said on Tuesday.The firm co-founded by Norway's former oil minister…
Western Europe's largest oil and gas producer Norway said on Saturday it would consider cutting its oil production if a global deal to curb supply is agreed by the world's biggest producers.OPEC and its allies are working on a deal for an oil…
Despite a string of good-news messages in recent weeks, the price of oil continued its weeklong slide on Monday, taking with it many of Norway’s oil-focused stocks.A large swathe of listed offshore suppliers and energy companies took a pounding…
The start of production at Repsol's Yme oilfield, the group's largest project off Norway, will be delayed until the second half of 2020 as preparations take longer than expected, the Spanish energy firm confirmed on Thursday. Repsol, which holds…
Norway's OKEA has appointed Knut Gjertsen as a new SVP Project and Technology.The Oslo-listed oil firm said Monday that Gjertsen was joining from the position as Project Director for Johan Castberg in Equinor. Johan Castberg is Equinor's oilfield development in the Barents Sea…
It’s not your typical marginal field — centered on a concrete gravity-based structure (GBS) that once boasted production records — but Draugen in the Norwegian Sea had become “immaterial” to Shell. When it first delivered oil in 1993, Norwegians looked forward to the spoils in 1…
North Sea oil producer Chrysaor Norge has exercised an option to buy stakes in OKEA’s Grevling and Storskrymten discoveries offshore Norway.The Norwegean oil production company OKEA confirmed the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18…
It’s been quite a week offshore Norway, with Equinor notching a commercial-looking find and ConocoPhillips finding oil and gas, as drill bits turn and investments get the nod.While OE Digital reported Equinor’s find, ConocoPhillips’ discovery…
OKEA completed drilling of appraisal well 6407/9-12 on the Skumnisse prospect, north-east of the Draugen field. The well will now be permanently plugged and abandoned as a dry well.The well targeted an extension of the Upper Jurassic Rogn Formation…
PGNiG announced it has made a discovery in the Shrek prospect in the Norwegian Sea, about 210 kilometers northwest of Brønnøysund.Based to preliminary estimates, recoverable resources range between 19 million and 38 million barrels of oil equivalent (boe)…
OKEA said it will live stream the drilling log from a pair of appraisal wells on the Draugen field in the Norwegian Sea.OKEA, which took over as the field's operator in December 2018, said on Tuesday it will live stream the drilling log from the drilling operations on Twitch…
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