Norway's Aker BP will boost dividend payments between now and 2023 and step up investment in developing offshore oil and gas fields next year, the independent oil company said on Thursday.The result of a 2016 merger between the Norwegian operations…
Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday.OMV owns a 25…
Equinor's Statfjord A platform in the North Sea is in operation again following a brief outage on Tuesday, the operator said on Wednesday.A condensate leak led to a shutdown of production at the platform at around 1530 GMT. The situation was…
Norwegian oil company Equinor announced Wednesday it has proven gas and condensate in the 6406/2-9 S exploration well at Ragnfrid North around 20 kilometers south of the Kristin platform in the Norwegian Sea. Recoverable resources are estimated at 6-25 million barrels of oil equivalent…
The oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf Aker BP has been offered interests in 21 new production licenses in Norway, of which 11 as operator, through the Awards in pre-defined areas (APA 2018) licensing round…
Total has launched the sale of its offshore gas fields in the Netherlands, a move that would mark the French energy giant's exit from Dutch upstream production after 55 years, industry and banking sources said.The Paris-based company hired investment…
The latest communique out of Norway to indicate the return of “good times” offshore also warns that post-2014 short-termism may have contributed to conditions requiring, ironically, more haste to keep production from plummeting by 2025.Noting 2018’s higher exploration well count (53 vs…
Norwegian energy company Equinor announced that the Gullfaks partners have decided to move forward with a NOK 2.3 billion plan to drill seven new wells at Norway’s fourth largest oil field and improve oil recovery by 17 million barrels.“Our…
Norway's Supreme Court began hearing arguments on Tuesday on whether EU ships can fish for snow crab off Arctic islands north of Norway without permission from Oslo, a case that could decide who has the right to explore for oil in the region…
Norway awarded a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, in a sign of continuing interest from oil companies in the country's oil sector, the energy ministry said on Tuesday.A lack…
Britain's Premier Oil Plc said on Monday it was looking to buy U.K. North Sea assets, after the Sunday Times reported that it was preparing to tap shareholders for cash to help it buy about $1.5 billion worth of oil fields.The company's shares fell as much as 12…
Poland’s state-owned oil and gas giant PKN Orlenannounced that it is looking into the feasibility of a 1,200 MW wind farm in the Baltic Sea.'PKN Orlen Group company Baltic Power is about to commence surveys to assess the environmental impacts…
Faroe Petroleum's Chief Executive Graham Stewart, Chief Financial Officer Jonathan Cooper and Chief Operating Officer Helge Hammer will resign, Faroe said on Friday after the company was taken over in a hostile bid by DNO.The executives, including Stewart who was among the founders of Faroe…
Norway's Equinor said on Friday it has completed its acquisition of Chevron’s 40 percent operated interest in the Rosebank project in the West of Shetland region of the U.K. continental shelf.The transaction was announced in October 2018.The…
Equinor has won a license to develop carbon dioxide (CO2) storage under the North Sea, Norway's oil ministry said on Friday, part of a push to combat climate change.Equinor is expected to submit a development plan this year, with parliament making a final decision in 2020 or 2021…
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