Equinor will drill about 25 exploration wells off Norway’s coast next year in a bet that it will be among the last companies still producing oil and gas when the world has achieved net-zero emissions.
The FPSO for the Shell Pierce field is heading off for refurbishment to allow for a gas expansion project at the UK asset.
Equinor is reportedly seeking a $1billion sale of a stake in the Martin Linge oil field in the North Sea.
British Gas owner Centrica has said it will continue its strategy to exit the UK North Sea after announcing a deal to sell Spirit Energy Norway for £800million.
Maersk Drilling has secured a contract for work in the Northern North Sea basin offshore Norway.
Westwood Global Energy reports that there were two exploration wells active as of 29 November. A total of six appraisal wells and 27 exploration wells have completed to date in 2021, from which ten commercial discoveries have been made giving a 37% commercial success rate to date.
Storegga, a major partner in an Aberdeenshire decarbonisation project, has entered into an agreement to explore carbon capture and storage (CCS) across the North Sea.
The UK shelled out more than £18 billion on oil and gas imports in the first few months of the year, according to the government’s latest trading figures.
Neptune Energy has announced the sale of non-operated stakes in several oil and gas assets in Norway for $35million.
BP (LON: BP) and Aker (OSLO: AKER) are exploring a potential block sale of some of their stake in independent oil and gas producer Aker BP (OSLO: AKRBP).
A “tough challenge” awaits if the UK is to replicate Norway’s successes in decarbonising offshore assets, Wood Mackenzie has forecast.
ConocoPhillips has submitted plans for a £1billion project which straddles the Norway-UK median line in the North Sea.
Westwood Global Energy reports that there were four exploration wells active as of 25 October. Key exploration wells drilling in October include the Dovregubben, Egyptian Vulture, Fat Canyon and Mugnetind wells. A total of six appraisal wells and 23 exploration wells have completed and to date in 2021, from which eight commercial discoveries have been made giving a 35% commercial success rate to date.
“If we were to say from one day to the other that we close down production… I believe that would put a stop to an industrial transition that is needed to succeed in the momentum towards net zero. So we are about to develop and transit, not close down”.
Aker Solutions has landed the front-end engineering and design (FEED) work for the Equinor Wisting FPSO in the Barents Sea.
Neptune Energy today announced drilling has commenced on the Dugong Tail exploration well in the Norwegian sector of the North Sea.
Parker Drilling is aiming to double its UK headcount as part of a global overhaul which will see the business targeting North Sea operations and maintenance work (O&M).
Subsea 7 has been awarded a “sizeable” contract by OneSubsea, the subsea technologies, production and processing systems division of Schlumberger.
Plans for the annual Aberdeen-United Arab Emirates (UAE) Gateway are taking shape as the organisers celebrate the success of their smart city-themed Aberdeen-Norway event.
Longboat Energy has hailed the start of drilling on its first ever exploration well.
An alliance of Aker Solutions and Subsea 7 has won front-end engineering and design (FEED) work for the NOA Fulla field development in Norway.
Westwood Global Energy reports that there were five E&A wells active as of 31 August, comprising two exploration wells and three appraisal wells.
The Scottish Government’s digital vaccine passport delay is jeopardising the livelihoods of oil and gas workers, a north-east MSP has said.
Neptune Energy today announced the start-up of production from the Duva development in the Norwegian sector of the North Sea.
London and Toronto-listed i3 Energy said today that it had agreed “indicative” terms on a partial sale of its Serenity field in the UK North Sea.