United Kingdom – INEOS Energy completed the sale of its oil and gas business in Norway to PGNiG Upstream Norway AS for $615 million. The agreement covers all of INEOS Oil & Gas’s holdings on the Norwegian continental shelf, including production, permits, fields, facilities, and pipelines, and takes effect on 1 January 2021. INEOS E&P […]
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Romania – Rompetrol Rafinare, a member enterprise of the KMG International Group, has finished the majority of the turnaround work on the Petromidia platform’s production units and is conducting final technical inspections in order to restore production activities safely. The technological installations will be resumed in stages and are scheduled to reach peak functioning efficiency […]
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The European Bank for Reconstruction and Development (EBRD) will cease investing in upstream oil and gas projects by the end of 2022 as part of its plan to align its operations with the Paris Agreement’s climate change targets.
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Norway – Equinor and Aker BP announced intentions to develop four oil and gas discoveries totaling 14.5 billion Norwegian crowns ($1.69 billion) as part of Norway’s efforts to increase output from existing assets.
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Norway – Norwegian authorities have authorized the plan for development and operation (PDO) of the Breidablikk field in the North Sea.
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McDermott has been chosen by BHP and Pemex, to provide Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion Project in the Gulf of Mexico.
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Norway – Equinor and its partners Petoro, Total, Neptune and Wintershall Dea have decided to develop Askeladd Vest, in the Barents Sea. The investment is close to NOK 3.2 billion. As part of the multi-phased Snøhvit development, Askeladd Vest will extend plateau production at the Hammerfest LNG plant by a good two years. Plans call […]
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Norway – Equinor and partners Total E&P Norge and Vår Energi have found oil and gas in a new segment belonging to the Tyrihans field in the Norwegian Sea. Recoverable resources are so far estimated at between 3.0 and 4.2 million standard cubic metres of recoverable oil equivalent, corresponding to 19 – 26 million barrels […]
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United Kingdom – Ithaca Energy, operator of the Captain field, has green lighted the Captain Enhanced Oil Recovery (EOR) Stage 2 project in the UK Central North Sea. This comes after receiving Field Development Plan Addendum consent from the Oil and Gas Authority (OGA). EOR Stage 2 project is designed to increase hydrocarbon recovery by […]
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Greece – Motor Oil (Hellas), a crude oil refiner, has reached a preliminary agreement for the acquisition of a portfolio of twelve wind parks. Eleven projects with an aggregate capacity of 220 MW are in full operation and one of 20 MW capacity is under construction. The wind parks, most of which are located in Central […]
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