Europe ///

Eni exits Croatia's upstream sector

Eni and INA-INDUSTRIJA NAFTE, d.d. have signed an agreement to enable INA-INDUSTRIJA NAFTE, d.d. to acquire 100% of Eni Croatia b.v., that currently produces about 2,500 boed.

Still plenty of discoveries to be made on the Norwegian shelf, NPD says

The Norwegian Petroleum Directorate (NPD) has published the 2018 Resource Report for Exploration. The report shows that production of oil and gas will increase going forward – but that new and larger discoveries have to be made in order to maintain the same level after the mid-2020s.

Equinor, Microsoft partner for cloud services delivered from new cloud data centers in Norway

Equinor and Microsoft have entered into a strategic partnership agreement. As part of the agreement, Equinor will provide industry knowledge and business needs to support Microsoft in developing new solutions for the industry. Microsoft will provide expertise to accelerate Equinor’s IT development and establish new data center regions in Stavanger and in Oslo.

Oil explorers get best results in Norway since 2010 bonanza

Oil companies in Norway have more to rejoice about than just higher crude prices: they’re now boasting the best exploration results in almost a decade.

HydraWell signs contract with Chevron for UK plug and abandonment services

HydraWell has signed a contract with Chevron North Sea Limited for the provision of equipment and personnel for plug and abandonment (P&A) services on the UK continental shelf.

Shell sells Draugen, Gjøa interest in Norway

Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway for $556 million (NOK 4,520 million).

Wintershall awarded new acreage in Norway's 24th licensing round

Wintershall Norge AS has announced that the company has been awarded new acreage in the 24th licensing round on the Norwegian Continental Shelf (NCS).

Equinor awards light well intervention contract to Akofs

Akofs Offshore has been awarded a contract for light well intervention services using the Akofs Seafarer vessel for all Equinor-operated licences in the period 2020 to 2025.

EMGS announces multi-client revenues related to 24th license round awards

The Norwegian Ministry of Petroleum and Energy (MPE) has announced the awards of new production licenses in the 24th licensing round on the Norwegian continental shelf.

Equinor offered seven licenses in Norway's 24th licensing round

The Ministry of Petroleum and Energy has offered Equinor seven licenses in the 24th licensing round – five operatorships and two partner positions.

Industry needs to demonstrate "license to operate," says new OE2019 chair

The energy industry has to continuously demonstrate its excellence in order to maintain a ‘license to operate’, says the newly appointed conference chair of SPE Offshore Europe 2019 Michael Borrell, senior V.P., North Sea and Russia at Total.

CGG delivers final PSTM products for Dunquin multi-client survey, west of Ireland

CGG has completed the Pre-Stack Time Migration (PSTM) of its 2,500-km2 Dunquin multi-client survey acquired in Block 44 of the Porcupine basin, west of Ireland, in 2017.

Companies in the news

Michele Cowart, World Oil

Baker Hughes, a GE company, has been awarded, by Equinor ASA and Aker Solutions, a contract to provide turbomachinery equipment for the topside structure on the Johan Castberg FPSO.

Exceptional concepts go the distance

Rob Oberhofer, Rodney Schnell, Packers Plus Energy Services

Proven completion technologies combine for an effective, elegant solution.

Subsea 7 secures contract from Shell for Penguins Project

Subsea 7 has announced the award of a contract by Shell for the Penguins Redevelopment Project, located approximately 150 mi northeast of the Shetland Islands.

Equinor reports discovery at Utsira High, northwest of Johan Sverdrup

Equinor and partners Lundin and Spirit Energy have struck oil in the PL 167 license at the Utsira High in the North Sea. The discovery is currently estimated to contain 15-35 MMbbl of recoverable oil equivalent.

Petrofac secures Irish Sea contract extension

Petrofac has secured a two-year contract extension on Eni UK Limited’s Liverpool Bay Development, valued in the region of $65 million.

Iran deal teeters as Europe seeks exemption from U.S. sanctions

The European Union asked for exemptions from expected U.S. sanctions on Iran and the bloc’s lending arm balked at supporting Iranian projects, signs of the mounting difficulties in meeting a political pledge to stick with the landmark nuclear deal.

Repsol shows faith in oil's rally with dividend, spending boost

Repsol SA, Spain’s largest oil producer, plans to raise dividends and investments over the next two years on a bet that crude will remain above $50/bbl.

Oil slides as U.S. is said to ask OPEC for supply increase

London (Bloomberg) -- Crude declined after the U.S. government was said to have asked Saudi Arabia and other OPEC producers to raise oil supply.