Exploration news
Subsea7 acquires shares in Seaway7
The company has announced that it has entered into agreements to acquire 187 889 551 shares in Seaway 7 ASA corresponding to 21.52% of Seaway7's issued and outstanding share capital, from Songa Capital AS, West Coast Invest AS and Lotus Marine AS.
Equinor to acquire equity interest in five North Sea discoveries
The company has signed an agreement to acquire equity interest in discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS.
Oilfield Helping Hands celebrates 20 years of helping oilfield families
Since 2003, OHH has given US$5.9 million to more than 1000 industry workers and their families.
Wood Mackenzie: New global oil and gas discoveries in 2022 drive exploration to highest value creation in over a decade
The global oil and gas exploration sector had its strongest year in 2022 in more than a decade according to Wood Mackenzie.
Lebanon: QatarEnergy joins TotalEnergies and Eni on two exploration blocks
TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon.
Equinor postpones Wisting project investment decision
The partners have decided to postpone the investment decision scheduled for December 2022. The maturation of the project continues, aiming for an investment decision by end of 2026.
APA 2022: Interest for exploration in mature areas continues
The authorities have received applications from 26 companies in the Awards in Predefined Areas (APA) 2022.
Rystad Energy: Global oil and gas exploration shrinks as companies shift focus to lower-risk core assets and regions
Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows.
Dry well near the Brage field in the North Sea – 31/4-A-13 C
Wintershall Dea Norge AS, operator of production licence 055, has concluded the drilling of wildcat well 31/4-A-13 C.
Osbit delivers well intervention system to FTAI Ocean
The system, which comprises of 1300 t of equipment and stands at 40 metres tall, will enable riser and riserless based well intervention activities in water depths up to 1500 m.