Austrian oil and gas company OMV has hired a Maersk Drilling jack-up drilling rig to drill an exploration well offshore Norway.
Norwegian oil major Equinor has failed to find hydrocarbons after drilling a wildcat well in the Barents Sea offshore Norway.
The Norwegian Petroleum Directorate (NPD) has granted MOL Norge a drilling permit for a wildcat well in the North Sea offshore Norway.
Oil major ConocoPhillips and its partners in the Tor Unit have started production from the Tor II project located offshore Norway.
Norwegian offshore safety watchdog has found a couple of improvements points at Neptune Energy’s Fenja project development located offshore Norway.
What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?
Borr Drilling is facing a very challenging financial situation amid a difficult market environment combined with payment delays from Pemex in Mexico.
Equinor has received consent from the offshore safety authority to drill an exploration well in the Barents Sea using the Transocean Enabler rig.
CGG and Magseis Fairfield have completed the 2020 acquisition of the largest OBN survey ever acquired in the North Sea. The OBN Cornerstone 2020 multi-client survey in the UK Central North Sea commenced in March 2020. The survey saw approximately 1,650 square kilometres of long-offset, full-azimuth
BP and Ithaca Energy have started production from the Vorlich development, in the UK North Sea, which was the target of environmental protests back in 2019.
Jersey Oil & Gas has entered into a conditional sale and purchase agreement to acquire CIECO V&C, which will give it full ownership of a North Sea licence.
Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.
Tullow Oil will focus on its West African producing portfolio as part of its new strategy to generate $7B of operating cash flow in the next 10 years.
A North Sea reservoir has been confirmed suitable for CO2 storage, with Wintershall Dea, Ineos, and Maersk Drilling as members of the project.
