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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.

Europa Oil & Gas nearly doubles estimate of prospective resources on FEL 3/13, offshore Ireland

Europa Oil & Gas, the UK and Ireland focused exploration, development and production company, is pleased to report its updated prospect inventory resulting in a near doubling of its estimate of gross mean un-risked prospective resources on FEL 3/13 in the South Porcupine basin, Atlantic Ireland, to 2.9 Bboe.

Johan Sverdrup drilling platform installed

After initial preparations, the actual installation job took only three hours. This makes it likely the fastest ever installation of a large, fully completed topside.

As Trump riles Europe on trade, Putin offers more natural gas

As Donald Trump’s trade policy risks worsening economic conflict with the European Union, Russia’s Vladimir Putin is strengthening ties with the region.

Equinor announces sailaway of Johan Sverdrup drilling topside

The Johan Sverdrup drilling topside is now sailing from the Aibel yard in Haugesund, on its way to the North Sea. The topside is the first, and biggest, structure to be completed and 85% fully tested onshore before being installed offshore in a single lift.

Hurricane Energy commences well completion operations at Lancaster field

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provided an operational update in relation to the Early Production System development of Lancaster field.

Aker BP awards Valhall Flank West contract to PG Flow Solutions

Aker BP, on behalf of the Wellhead Platform Alliance, has awarded PG Flow Solutions a contract to supply a number of pump systems to the Valhall Flank West wellhead platform.

Aker BP strikes gas northwest of Hammerfest, in the Barents Sea

Aker BP ASA, operator of Production Licence 659, has concluded the drilling of wildcat well 7221/12-1.