Equinor has announced that the Ministry of Petroleum and Energy has approved the Plan for Development and Operation (PDO) for the Snorre Expansion Project. The field is located in the Tampen area in the northern part of the North Sea, with a water depth…
Mellitah Oil & Gas, the joint venture between Eni and Libya’s NOC, has started production from the first well of the Bahr Essalam Phase 2 project in the Mediterranean Sea offshore Libya. Start-up was three years after the final investment decision. Two further wells…
The target set in 2016 by the Oil and Gas Authority (OGA) and industry to reduce UK Continental Shelf (UKCS) decommissioning costs by at least 35 percent has been labelled ‘ambitious’ by sector experts. “Sounds to me to be a very ambitious target,” Paul…
President Trump, who recently called on OPEC producers to help reduce oil prices, has raised prices through his tweets, Iranian OPEC Governor Hossein Kazempour Ardebili was quoted as saying by news agency SHANA on the 5th July. “Your tweets have increased the prices by…
Okea AS and Halliburton have announced that they have signed a well construction services agreement to implement Halliburton Landmark’s full suite of software in the iEnergy cloud and field development planning services for all Okea fields in the Norwegian Continental Shelf (NCS). Okea said…
BP and ConocoPhillips have signed an agreement which will see BP take ConocoPhillips’ stake in the Clair field in the North Sea. In a separate transaction, BP will sell its non-operating interest in Kuparuk and satellite oilfields in Alaska to ConocoPhillips. As for the Clair…
Aker Solutions has secured a three-year contract extension, with two one-year options, from Perenco UK to continue operations and maintenance services on its southern North Sea assets. The contract builds on a 15-year relationship providing operations and maintenance services for Perenco UK’s southern North…
Lundin Norway has completed the PDO development drilling programme at its operated Edvard Grieg field on the Utsira High in the Norwegian North Sea. In its statement on the 5th July Lundin said that significant reserves upgrade and extension of the production plateau have…
Rosatom plans shortly to conclude contracts with new countries for the construction of Nuclear Power Plants abroad. At the present time, Rosatom has 67% of the world nuclear plant construction market, as head of the state-owned corporation Alexei Likhachev reported to Russia’s Prime Minister…
AIM-listed Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falklands Basin and the Greater Mediterranean region, has provided the following corporate and operational update. Appointment of Pathfinder Bank for Sea Lion development Standard Chartered Bank has…
