News
January 17, 2024
Three license awards are in the North Sea (one as operator) and 10 in the Norwegian Sea (four as operator). Nine of the awards are new licenses, and four are area extensions to existing licenses.
News
January 17, 2024
The Victory field is expected to produce around 150 MMcfgd (approximately 25,000 boed). Most of the field’s recoverable gas is expected to be extracted by the end of the decade.
News
January 16, 2024
Equinor ASA was awarded 39 licenses, while Aker BP ASA received 27 and Var Energi ASA 16. Wintershall Dea was awarded 13 licenses and Poland’s PGNiG Upstream Norway AS 10.
News
January 12, 2024
The expected gain from the well is up to 8 MMboe, of which ca 80% is natural gas.  This well is drilled into the Jurassic with good reservoir properties, however with a wide range of subsurface outcomes with respect to volume.
News
January 11, 2024
Between 40 and 50 wells are expected to be completed, up from 34 last year, the Norwegian Offshore Directorate said Thursday. More than half of the 23 wildcat wells undertaken last year found hydrocarbons, it said.
News
January 10, 2024
Wood’s Operations business will deliver engineering, procurement, construction and commissioning (EPCC) services to enhance the central processing facility of bp’s Eastern Trough Area Project (ETAP) production hub in the central North Sea.
News
January 09, 2024
The Catcher area produces from 20 subsea wells from the Catcher, Varadero and Burgman fields. The wells are a combination of water injection and production wells, which are tied-back to the BW Catcher FPSO.
Article
December 2023
The UKCS has a substantial number of unused pipelines and reservoirs, but the investment costs remain high. Activity in this area should increase over the medium and longer terms.  
News
December 29, 2023
Vår Energi’s net production from the field was 1,500 boed in the first nine months of 2023 and had remaining net reserves 1.9 MMboe at year end 2022.
News
December 26, 2023
Kristian Johansen, CEO at TGS, commented, “This project, for a major energy customer, further highlights the integral role OBN acquisition has in providing our clients improved seismic data quality and help them make better reservoir development decisions.”
News
December 22, 2023
Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR.
News
December 20, 2023
Wood has been awarded a contract by Dragados Offshore to deliver engineering design and provide regulatory support for the development of three 2GW converter stations that will transfer offshore wind power to Germany's power grid.
News
December 19, 2023
Subsea7 will provide an IRM, survey and light construction vessel, complete with work class and observation class remotely operated underwater vehicles (ROV), capable of performing inspection, survey, intervention, subsea construction and emergency response services.
News
December 18, 2023
The downtime resulted from a malfunction in new equipment installed during maintenance activities in the previous quarter, causing a deferral of approximately one month in production from the Alvheim area.
News
December 18, 2023
Petrofac has secured an engineering, procurement, construction and commissioning (EPCC) framework agreement with TotalEnergies.
News
December 15, 2023
Odfjell Drilling Ltd. has announced an extension of the firm contract with Aker BP for the Deepsea Nordkapp.
News
December 14, 2023
Linnorm is estimated to contain around 25-30 Bcm of recoverable gas resources. As a comparison, this is more gas than remaining reserves in each of the producing fields Aasta Hansteen, Martin Linge, and Gina Krog.
News
December 13, 2023
The updated recoverable resource estimate for the oil discovery in the Garn, Ile and Tilje formations is between 44 and 75 MMboe, while estimates for the underlying Åre Formation discovery are between 6 and 25 MMboe.
News
December 12, 2023
Located 23 km north of the Gjøa platform, Ofelia Agat and Kyrre will be considered for development as tie-backs to Gjøa.
News
December 12, 2023
With these latest commitments, OMV Petrom and ROMGAZ are on track to safely deliver the first gas from Neptun Deep in 2027.
News
December 05, 2023
About 65% of the overall natural gas resources on the Norwegian Continental Shelf have not yet been produced. Some of the remaining gas resources face a variety of challenges that could complicate production.
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