North Sea oil news

Shell, Equinor, bp, Total and NEO are among the 17 separate companies which have been offered a total of 24 licences in the second tranche of the 33rd oil and gas licensing round.

Equinor was awarded 39 new production licences by the Ministry of Energy in this year's Awards in Predefined Areas (APA).

Equinor’s exploration well 30/4-4 in the North Sea is dry. The well was drilled about 7 km north of the Martin Linge field in the North Sea and 180 km west of Bergen.

Valaris Limited has announced new contracts and contract extensions, with associated contract backlog of approximately US$1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023.

Subsea7 S.A. has announced the award of an extension of an existing frame agreement by bp, for subsea construction, inspection, repair and maintenance services (IRM), across bp’s North Sea assets.

Capricorn has entered into an agreement for the full settlement of the payment terms of its sale and purchase agreement with Waldorf Production UK PLC relating to the disposal of its previously held interests in the Catcher and Kraken fields.

Neptune Energy and its partners EBN, Tenaz Energy and ExxonMobil Netherlands CCS, have progressed the L10CCS project from the Concept Select phase into the next Define/FEED phase.

Neptune Energy and its partners has announced a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in the PL 929 licence, close to the Gjøa field in the Norwegian sector of the North Sea.

Expro has been awarded a corporate frame agreement to deliver well testing services for Equinor in the Norwegian Continental Shelf (NCS).

Odfjell Drilling has announced that Equinor has exercised options for seven wells to extend the use of the Deepsea Aberdeen on the Breidablikk field.