Western Europe
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.
News
May 23, 2023
The multi-year decommissioning contract, valued at more than $20 million, will utilize Expro’s Subsea Well Access technology with a combination of open-water and in-riser applications deployed from a semi-submersible rig.
News
May 15, 2023
Offshore Energies UK said gas and oil production was indeed in long-term decline. However, the North Sea and other UK waters still contained enough gas and oil to support much of the nation’s needs during the three decades it will take to reach net zero.
News
May 11, 2023
PGS has entered into a seismic acquisition contract for carbon storage offshore Norway by an independent energy company. The project is scheduled to start in September and has a duration of approximately one month.
News
May 10, 2023
“It makes absolutely no sense to not invest in the resources we have here at home, to import foreign fossil fuels, not create jobs here and import them at twice the carbon emissions as our local resources,” Prime Minister Sunak told lawmakers in weekly questions in the House of Commons on Wednesday.
News
May 09, 2023
Michael Tholen, Director of Policy and Sustainability for Offshore Energies UK, said, “Deep beneath our waters lies a treasure trove of carbon capture business opportunities. An accurate map of the UK’s potential for this innovative sector will help to nurture a new wave of businesses and jobs."
News
May 05, 2023
The venture has been on ice since late 2021, when the energy major said the economic case for the project had weakened.
News
May 03, 2023
Estimated to hold more than 60% of Norway’s undiscovered hydrocarbon resources, the Barents Sea has long been seen as the future of the country’s oil and gas industry. But exploration successes have been few and far between and the lack of infrastructure has made development difficult.
News
May 01, 2023
The development consists of two subsea templates tied back to the Equinor-operated Njord A platform. A 36 km electrically trace-heated (ETH) pipe-in-pipe solution transports oil from the Fenja field to the platform for processing and transport.
