Russia – Wintershall Dea has decided not to pursue or implement any additional gas and oil production projects in Russia, and has written off its Nord Stream 2 financing of approximately EUR 1 billion.
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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.
Continue Reading
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.
Continue Reading
Norway – Norwegian authorities have authorized the plan for development and operation (PDO) of the Breidablikk field in the North Sea.
Continue Reading
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.
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
