Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea – three years ahead of the original plan.
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group.
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-ins are already happening around the world. Even if prices reach this threshold, the UK will avoid shut-ins and exploration is likely to continue in 2020.
Norwegian oil and gas company Vår Energi has named Bjørn Thore Ribesen as its vice president Field Development & Projects.
Dutch energy infrastructure company Gasunie has joined the PosHYdon pilot, a project that aims to integrate three energy systems in the Dutch North Sea: offshore wind, offshore gas, and offshore hydrogen. The PosHYdon pilot is an initiative of Nexstep, the Dutch association for decommissioning and r
Norwegian authorities have granted consent to operator Equinor for a 10-year lifetime extension for the Troll B platform located in the North Sea.
PGS seismic vessel Ramform Tethys is about to start a 3D multi-client survey offshore East Shetland, in UKCS waters. Production will start this week and the first data should be available in Q3 2020. The seismic will cover both frontier and mature areas to enable the interpretation of the internal r
Danish offshore drilling contractor Maersk Drilling has received notices of termination for two drilling rig contracts.
Norwegian oil and gas company Aker BP has made changes to its executive management team as a result of reduced activity and the subsequent need for organizational adjustments.
Norwegian oil production during March 2020 fell below predictions made by the Norwegian Petroleum Directorate (NPD), according to the directorate’s report on Friday.
Offshore accommodation specialist Prosafe and oil major Total have agreed to delay Total’s 2020 North Sea campaign, which was supposed to use Prosafe’s Safe Caledonia flotel.
Oil major Chevron has sold its interest in assets offshore Azerbaijan to Hungary’s MOL for $1.57 billion.
Tulip Oil is taking steps in preparation for production increase at its Q10-A gas field located in the Dutch sector of the North Sea.
Saipem’s Scarabeo 9 semi-submersible offshore drilling rig has crossed the Bosphorus Strait for the fourth time in its history.
