Western Europe
News
July 31, 2023
The government said the first new permits in the current licensing round will be issued in the autumn, with over 100 expected in total. It also suggested a commitment to future licensing rounds — though that would hinge on Sunak’s party holding onto power in a general election expected in 2024.
News
July 28, 2023
The assets are “a key part of our portfolio,” along with the energy supplier’s stakes in Britain’s nuclear power stations, Chief Executive Officer Chris O’Shea told reporters Thursday. It’s a turnaround from 2019, when Centrica said it would exit oil and gas production for good — which it did in Norway, but not in Britain.
News
July 27, 2023
Upon entering the reservoir, Ithaca Energy, acting as the operator, discovered that hydrocarbons were present in the reservoir in the Forties member sandstones, with 45 ft of net thickness.
News
July 10, 2023
Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources in the range of 120-230 MMboe on a P90-P10 basis.
News
July 07, 2023
Johan Sverdrup, the single largest crude stream in the North Sea, is a relatively dense and sulfur-rich type of oil —- properties that normally mean it trades below Dated. However, Saudi Arabia hiked the premiums it charges for its own barrels — which are similar to the Norwegian grade, triggering the price surge, the traders said.
News
July 05, 2023
Transocean Ltd. announced that six one-well options have been exercised for the Transocean Encourage in Norway.
News
July 03, 2023
Perenco UK has renovated, replaced or modified old, oversized infrastructure, replacing it with more modern, efficient, fit-for-purpose equipment that requires less maintenance and provides better uptime.
News
June 28, 2023
David Whitehouse, Chief Executive of Offshore Energies UK, which represents 400 companies involved in producing energy from gas, oil and wind in UK waters, said OEUK supported the CCC’s net zero targets, but the report’s proposals for achieving it would put the UK at increased risk of a new energy crisis.
News
June 28, 2023
The projects, which include Aker BP ASA’s Yggdrasil and Valhall PWP og Fenris in the North Sea, as well as Equinor ASA’s Irpa in the Norwegian Sea, cover 19 new developments, build-outs of existing fields and increased oil-recovery projects, the ministry said in a statement on Wednesday.
News
June 27, 2023
The North Sea’s massive potential contribution to energy security, net zero, jobs and investment topped the agenda at an industry and government summit in Aberdeen on June 27.
News
June 27, 2023
The contract will include all mechanical, electrical, hydraulic, and structural maintenance of cranes and lifting equipment, which will be executed by Sparrows UK team from its headquarters in Aberdeen.
News
June 19, 2023
The new contract will see THREE60 Energy permanently decommission 13 injection, production and observation wells, creating new jobs for the company in the UK and Europe.
News
June 15, 2023
The two companies will collaborate to develop a fit for purpose duty holder model to support future infrastructure investments, and position Wood as a strategic partner, providing onshore and offshore lifecycle asset management engineering and operational solutions.
News
June 09, 2023
The updated estimate of the discovery size is 53-90 MMboe, which is twice as large as the original pre-drill estimate and slightly larger than the preliminary estimates announced on May 25.
News
June 09, 2023
The plans for a strategic relationship between Vår Energi and Halliburton build on the already established one-for-all and all-for-one model and represents incentives to work as an integrated team toward common goals.
News
June 09, 2023
The UK Government has announced that the windfall tax will remain in place until March 2028, introducing a mechanism which means if oil and gas prices fall, the tax rate for oil and gas companies will return to 40%.
News
June 08, 2023
The Alvheim field is one of the most successful developments on the Norwegian continental shelf. When PDO was submitted to the Government in 2004, the reserves estimate was 171MMboe. Production from the Alvheim field exceeded this volume in early 2014.
News
June 08, 2023
The Tyrving development will utilize the planned extended lifetime for the Alvheim field, increase production and reduce both unit costs and CO2 per bbl.
News
June 05, 2023
The Storting, Norway’s legislative body, has approved Aker BP's plans for development and operation of the Yggdrasil area and Fenris, as well as further development of Valhall.
News
June 05, 2023
The Labour proposals to ban all new North Sea oil and gas licenses are “naive” and would create a “cliff edge” for the industry that will hit jobs, GMB union General Secretary Gary Smith told Sky News on Sunday.
News
May 24, 2023
Johan Sverdrup produces at some of the lowest CO2 emissions of any oil field in the world at 80-90 % lower than the global average.
