Search results for: Petoro

2064 results

A list of search results

  • 5 December 2011
    Business & Finance

    Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, provides operational update following completion of the transaction with Petoro AS (“Petoro”), to swap Faroe’s interest in the Maria discovery for Petoro’s interests in a number of high quality […]

  • 13 March 2015
    Business & Finance

    A cash flow of NOK 111 billion ($13.5 billion) in 2014 represented a continued high level of revenues from the State’s Direct Financial Interest (SDFI) in Norway’s oil sector. Petoro chief executive Grethe Moen notes that fewer new developments mean income from the SDFI will be more dependent than ever on the mature fields over […]

  • 12 September 2016

    Norwegian energy company Petoro is on the verge of buying a stake in the DEA Norge-operated Zidane development, offshore Norway. According to Offshore.no, Petoro has entered into a definitive agreement with Austrian OMV, a partner in the Norwegian Sea field, to buy OMV’s 20 pct stake, thus marking the Austrian firm’s exit from the project. […]

  • 8 January 2013
    Business & Finance

    Iceland’s Orkustofnun has on January 4, in the presence of the Norwegian Minister of Petroleum and Energy, Ola Borten Moe, and Minister of Industries and Innovation, Steingrímur J. Sigfússon, issued two licences for exploration and production of hydrocarbons in the Dreki Area. Orkustofnun granted licences to Faroe Petroleum Norge AS, Branch in Iceland, Íslenskt Kolvetni […]

  • 28 October 2011
    Business & Finance

    A strong cash flow to the government and strong additions to oil and gas reserves are highlights of Petoro’s accounts for the State’s Direct Financial Interest (SDFI) for the third quarter of 2011. Net cash flow in the first nine months was NOK 97.3 billion, up 18.8 bn from the same period last year. The […]

  • 11 April 2011
    Business & Finance

      Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has signed an agreement with Petoro AS (“Petoro”), to swap its interest in the Maria discovery for interests in a number of oil and gas production […]

  • 17 July 2017

    Norwegian energy company and LNG player Statoil, with its partners Eni and Petoro, made a small gas discovery in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea.

  • 21 December 2016
    Business & Finance

    Italian energy company Edison has reduced its stake in the Dvalin field (formerly known as Zidane), located in the Norwegian Sea, in favor of other stakeholders, Dea Norge and Petoro. Edison reduced its stake from 20% to 10% in favor of Dea Norge and Petoro, who each acquired 5% stake. The agreements will enter into […]

  • 22 August 2012
    Business & Finance, Equipment, Operations & Maintenance

    Statoil and its partner Petoro have decided to further develop Gullfaks South in the North Sea by investing NOK 8.5 billion in two new subsea templates and six extra wells. This will boost recovery by 65 million barrels of oil equivalent. Increasing recovery from Gullfaks South will be implemented as part of Statoil’s fast-track developments. […]

  • 3 April 2012
    Business & Finance

    Petoro, the licensee for the Norwegian State’s Direct Financial Interests, has awarded Ramboll Oil & Gas a concept study. The study will address defined issues and themes regarding a potential new wellhead platform at the Snorre field in the North Sea. “Ramboll looks very much forward to start working with Petoro and we are determined […]

  • 15 July 2015
    Project & Tenders

    Det norske oljeselskap, a Norwegian independent oil company, said on Wednesday it would appeal the recent Norwegian energy ministry’s ownership shares split in the giant Johan Sverdrup field. The company will appeal to the King in Council, as the highest level of the Norwegian administrative authorities. To remind, on July 2, the energy ministry proposed the […]

  • 19 April 2013
    Business & Finance, Operations & Maintenance, Research & Development

    Statoil and partner Petoro have proven considerable additional resources in the Shetland Group/Lista Formation in the Gullfaks licence. The Shetland Group and the Lista Formation are younger and slightly shallower deposits with different properties compared to the deposits of the Brent Group where the Gullfaks main reservoirs are located. Indications of hydrocarbons in the Shetland […]

  • 16 January 2019

    Norwegian energy giant Equinor together with its partners Petoro, ExxonMobil and Total, has proven gas and condensate discovery in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well.

  • 22 January 2014

    Iceland’s national energy authority Orkustofnun has granted a new offshore licence to CNOOC Iceland ehf. as operator with 60 % share, Eykon Energy ehf with 15 % share and Petoro Iceland AS with 25 % share.   CNOOC Iceland ehf. is a daughter company of CNOOC International Ltd. Eykon Energy ehf. is a daughter company of Eykon […]

  • 22 January 2014
    Business & Finance

    Petrolia Norway AS, a fully owned subsidiary of Petrolia SE, has been awarded a new license in the 2013 Award in Predefined Areas (APA) in Norway. “Petrolia Norway is pleased to have been awarded 20 per cent of license PL 739S in APA 2013. This was the only license we applied for of the licenses […]

  • 17 January 2019
    Business & Finance, Operations & Maintenance

    Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North exploration well. Recoverable resources are estimated at 6-25 million barrels of oil equivalent. “We are pleased to start the new year by announcing a new discovery. Exploring for resources close to existing infrastructure is a […]

  • 23 January 2014
    Business & Finance, Research & Development

    Petrolia Norway AS, a fully owned subsidiary of Petrolia SE, has been awarded a new license in the 2013 Award in Predefined Areas (APA) in Norway. “Petrolia Norway is pleased to have been awarded 20 per cent of license PL 739S in APA 2013. This was the only license we applied for of the licenses […]

  • 2 July 2015

    To avoid delays of one of the largest oil and gas developments in Norway in recent times – the Johan Sverdrup field in the North Sea – the country’s ministry of petroleum has decided to allocate ownership shares to the partners involved. As the companies themselves couldn’t reach the agreement, the ministry of petroleum has […]

  • 13 October 2015

    Statoil said that with its partners Petoro and OMV it has started the world´s first wet gas compression on the seabed of the North Sea Gullfaks field.

  • 27 January 2015

    Spike Exploration Holding AS (Spike) has been awarded four licenses in the 2014 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf; three in the North Sea and one on Haltenbanken. Work commitments are a mix of reprocessing of seismic and acquisition of existing or new 3D-seismic, all followed by a […]

  • 17 July 2017
    Business & Finance, Operations & Maintenance

    Statoil and partners ENI and Petoro have made a small gas discovery in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 1.5-3 billion standard cubic metres (BCM), approximately 10-20 million barrels of oil equivalent (BOE). The well was drilled in licence PL 849, awarded in […]

  • 22 August 2012
    Business & Finance

    Statoil and its partner Petoro have decided to further develop Gullfaks South in the North Sea by investing NOK 8.5 billion (USD 1.44 billion) in two new subsea templates and six extra wells. This will boost recovery by 65 million barrels of oil equivalent. Increasing recovery from Gullfaks South will be implemented as part of Statoil’s […]