Norway/NCS ///

Inpex to acquire interest in exploration license PL767 in western Barents Sea

Inpex has announced that through its subsidiary Inpex Norge AS, it has entered into an agreement to acquire a 40% participating interest in exploration license PL767 located in the western Barents Sea, offshore the Kingdom of Norway from Bayerngas Norge.

Norway prime minister wins second term as insurgency against oil fizzles

Prime Minister Erna Solberg became Norway’s first Conservative Party leader in over three decades to be re-elected as a movement to stop further oil exploration in western Europe’s biggest petroleum producer fizzled.

Norway oil rouses Wintershall as M&A deals set to gain momentum

When a recovery in crude prices sparks more deals in Norway’s oil industry, BASF SE’s Wintershall AG unit will be among those looking for opportunities.

Oil cash habit could be hard to kick for Norway's vote winner

Most politicians will talk tough on fiscal discipline before they get their hands on the world’s largest sovereign wealth fund.

Threat to oil gets real as climate crashes Norway election

Politicians and activists who have been fighting to rein in Norway’s mighty oil industry are eyeing a breakthrough.

Expro secures 26-well abandonment contract for UK North Sea

International oilfield services company, Expro, has been awarded a substantial contract from global oil and gas company Maersk Oil for the provision of subsea and well test services on two offshore units in the North Sea.

Total divests remaining 15% interest in Gina Krog field in Norway, sells to Kuwaiti company

Total has signed an agreement to divest its remaining 15% interest in the Gina Krog field in Norway to Kuwait Foreign Petroleum Exploration Company (KUFPEC).

Johan Sverdrup project more than halfway complete, says Lundin Petroleum

Lundin Petroleum AB has announced that Phase 1 of the Johan Sverdrup project is more than halfway complete, and that the partnership has further reduced the gross capital expenditure to NOK 92 billion.

Norwegian Petroleum Directorate hires new exploration director

Torgeir Stordal has been hired as the exploration director in the Norwegian Petroleum Directorate.

Swire Oilfield Services wins seven-figure contract for Johan Sverdrup platform

Global offshore container company Swire Oilfield Services has been awarded a seven-figure contract with Aker Solutions.

Aker Solutions wins brownfield modifications, maintenance support contract

Aker Solutions secured a framework agreement from Shell to provide brownfield modifications services and maintenance support for the Nyhamna and Draugen facilities in Norway.

KUFPEC acquires Total's interest in Gina Krog for $317 million

Kuwait Foreign Petroleum Exploration Company k.s.c. (KUFPEC) announced today that its wholly-owned subsidiary KUFPEC Norway AS has reached agreement to acquire a 15% interest in the Gina Krog field from Total E&P Norge AS.

Faroe Petroleum spuds Goanna exploration well in the Norwegian North Sea

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the commencement of the Goanna exploration well 39/9-22 S (Faroe 30%) in licence PL 881.

Aker BP drills dry well northwest of Vilje field

Aker BP ASA, operator of production licence 677, has completed the drilling of wildcat well 25/4-11. The well is dry.

Norwegian Petroleum Directorate releases 2017 resource report

The significant remaining resources in discoveries and fields make it possible to create values for the Norwegian society for many decades to come, according to the Norwegian Petroleum Directorate’s new report.

Slump no obstacle to 300% return for Norwegian driller

While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around.

Eni Norge granted drilling permit for wildcat southwest of Goliat field

The Norwegian Petroleum Directorate (NPD) has granted Eni Norge AS a drilling permit for well 7122/10-1 S, cf. Section 8 of the Resource Management Regulations.

Total snubs "expensive" U.S. shale with North Sea-focused deal

When Total SA warned last month it was ready for acquisitions, U.S. shale assets weren’t at the top of its shopping list.

Aker BP granted drilling permit for wildcat north of Frøy field

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wellbore 25/2-19 A, cf. Section 8 of the Resource Management Regulations.

Statoil recieves consent to use West Elara for drilling, completion at Valemon field

Statoil has been given consent to use the West Elara mobile drilling facility to drill and complete production wells 34/11-B-6 and 34/11-B-16 at Valemon field. Planned drilling start-up is September or October 2017.