Drilling & production

NEO Energy has announced a strategic merger with Repsol Resources UK, creating a leading independent producer in the North Sea.

Equinor has announced the Johan Castberg oilfield in the Barents Sea has come onstream. The field will be producing for 30 years.

Izomax accelerates global growth with acquisition of IK Engineering and IK Group US Inc.

Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the Northern Lights development.

According to the plan Island Innovator will permanently plug 15 to 20 wells annually for a total of nine licences.

The transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energy’s working interest in Seagull from 35% to 50%, equalling bp’s interest as the field operator.

bp has received final government ratification for its contract to invest in the redevelopment of several giant oilfields in Kirkuk, in the north of Iraq.

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation contract by Shell for its Gato do Mato greenfield development offshore Brazil.

Baker Hughes awarded first technology agreement with Petrobras to develop stress corrosion cracking solution.

EIA forecasts that Alaskan crude oil production will grow in 2026, for the first time since 2017.

The contract, secured in March 2020, spanned five years and has now reached completion.

Equinor has started production at the Halten East development in the Norwegian Sea, two years following approval from Norwegian authorities.

The country has experienced fluctuating oil production due to internal strife since the fall of Muammar Gaddafi in 2011.

The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and will leverage the combined asset base and technical expertise to drive improved profitability and superior returns to shareholders.

Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.