Western Europe ///
Last week, I was in London at the Oil & Gas Council World Energy Capital Assembly (WECA), speaking on a panel about collaboration and capital efficiency in a new oil world.
Minister for Energy, Connectivity and the Islands Paul Wheelhouse, has opened Petrofac’s new technology Innovation Zone in Aberdeen.
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 36/1-3, cf. Section 15 of the Resource Management Regulations.
Neptune Energy has announced it has completed integration with the former VNG Norge business.
Decom North Sea, the membership organization for the oil and gas late life and decommissioning sector, has successfully secured a Decommissioning Challenge Fund (DCF) grant award from The Scottish Government.
Ellon-based rotating equipment services provider Sulzer Wood Limited has been awarded a five-year contract extension to provide pump maintenance services for BP operations in the North Sea.
Right before 08:00 on Monday, Dec. 10, 2018 a liquified petroleum gas (LPG) leakage occurred at one of the Mongstad facilities. At 09:15 it was reported that the leakage had been stopped.
Michele Cowart, World Oil
Companies in the news
Kurt Abraham, World Oil
By all measures, most of 2018 has been an improvement on 2017, which was markedly better than 2016.
Equinor completes sale of non-core asset on UKCS
Eni announces that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour North Sinai Offshore concession, Egypt, has been approved by the Egyptian Government.
Through utilization of the PWC (Perforate, Wash & Cement) plug and abandonment method (P&A) on the Valhall field, HydraWell has contributed towards Aker BP executing its plugging program significantly quicker than planned.
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development. Capital expenditures of $918.5 million (NOK 7.8 billion) will help extend the productive life of the Troll field beyond 2050.
Well 35/11-22 S will be drilled from the Deepsea Bergen drilling facility in position 61°5'2.27"N and 3°20'56.92"E after completing the drilling of wildcat well 6407/11-1 for Equinor Energy AS in production license 751.
Subsea tieback solution to Gjøa platform proposed for Norwegian North Sea oil and gas development.
Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of Simmons Edeco Europe from its Canadian owner.
Delivering operational efficiencies and reducing costs is now a reality for industry.
The subsea field Vigdis has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 MMbbl.
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 commencement of the Cassidy exploration well 8/10-7 S in the Norwegian North Sea (Faroe 15% working interest).
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 it has signed a binding agreement with Equinor Energy AS (a wholly owned subsidiary of Equinor ASA) (“Equinor”) to swap its interests in the Njord, Hyme redevelopment and Bauge development assets (the “Divested Assets”) in return for interests in four production assets on the Norwegian Continental Shelf: Alve, Marulk, Ringhorne East and Vilje (together the “Acquired Assets”) on a cashless basis (the “Transaction”).