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Equinor granted consent to extend life of Oseberg Øst facility

Equinor (formerly Statoil) has been granted consent for continued use of the Oseberg Øst facility until March 31, 2031.

Equinor awards drilling contract for Fram, Askeladd licenses

Equinor (formerly Statoil) has awarded Odfjell a contract for drilling two times three production wells for the Fram and Askeladd licenses by using the Deepsea Atlantic rig. Odfjell has also been awarded a master framework agreement (MFA).

Equinor invests in Fram field, nearly doubling remaining reserves

Equinor (formerly Statoil) and its partners make investments in Fram field that will almost double remaining reserves.

Russia tightens grip on Europe's gas supply with Gazprom deal

Russia’s natural gas export monopoly is set to expand its position as the dominant fuel supplier to Europe after a deal between the two resolved a seven-year-old anti-trust dispute.

Zennor Petroleum offered five blocks in 30th UKCS license round

Zennor Petroleum Limited has announced that its wholly-owned subsidiaries, Zennor Pathway Limited and Zennor North Sea Limited, have been successful in the UK’s 30th offshore license round. Zennor participated in five applications in the round and has been offered five potential awards.

United Oil & Gas awarded two blocks in the UK North Sea, including Crown Oil discovery

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce that it has been provisionally awarded, in the UK Continental Shelf (UKCS) 30th offshore license round, two highly prospective blocks in the Central North Sea, including the Crown Oil discovery, which could contain up to 16 MMbbl of recoverable oil.

Faroe Petroleum awarded Edinburgh prospect in 30th UKCS license round

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded a new prospective exploration license under the 30th license round on the UK Continental Shelf (UKCS).

Azinor Catalyst awarded two licenses in UK government’s 30th offshore licensing round

Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, has announced that it has been awarded two licenses in the UK government’s 30th offshore licensing round.

Gas supply crunch thwarts EU's plan to kill off coal power

Europe wants its industry to burn more natural gas instead of coal to reduce global warming. The problem is, there isn’t enough gas at the right price.

Equinor awarded nine licenses in the UKCS 30th offshore licensing round

Equinor (formerly Statoil) has been awarded nine new licenses in the 30th offshore licensing round, eight as operator, as announced by the Oil and Gas Authority (OGA) today.

Siccar Point secures strategic acreage position in 30th licensing round for UKCS

Siccar Point Energy has secured additional strategic acreage in the Oil & Gas Authority’s 30th Licensing Round for the UK Continental Shelf.

Faroe Petroleum commits to Brasse East exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brasse East exploration well and award the associated rig contract, with commencement of drilling operations expected in fourth-quarter 2018.

Bibby Offshore secures multi-million North Sea contract

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has secured a two-phase multi-million pound contract with a leading oil and gas and production company.

Norway's $1-trillion wealth fund moves closer to oil exit

Norway’s $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks.

Aker BP granted drilling permit for appraisal wells southeast of Alvheim field

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/4-12 S and well 25/4-12 A, cf. Section 15 of the Resource Management Regulations.

Suez, Halvorsen TEC to supply seawater sulfate removal system for Johan Castberg project

After completing an engineering and design study for a seawater sulfate removal unit (SRU) system to help protect production wells for its Johan Castberg project in Norway, Statoil awarded a consortium, led by SUEZ and Halvorsen TEC, the contract to supply the equipment and complete the project.

Simmons Edeco wins major North Sea contract for wellhead and valve maintenance

Simmons Edeco, a supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has been awarded a multi-million pound contract by a major North Sea oil and gas operator.

Germany brushes aside U.S. objection to Russia gas pipeline link

Germany brushed aside U.S. concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests.

No end in sight for European gas rally as oil hits $80

Higher European natural gas prices are here to stay.

BP, Conoco said to be in talks for asset swap deal

BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the UK energy major gain a greater foothold in a key project in the North Sea and the U.S. explorer gain Alaskan assets, according to people familiar with the talks.