North Sea oil news

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.

Kongsberg Digital has unveiled a developing collaboration with the Norwegian energy company Equinor, underpinning a stronger safety and sustainability focus in offshore operations.

Lime Petroleum AS has entered into sale and purchase agreements with DNO Norge AS (‘DNO’) and OKEA ASA (‘OKEA’), to acquire 10.7212% and 6.2788% interests respectively in PL740 in the Norwegian North Sea, in which the Brasse Field is expected to start commercial production in 2027.

Equinor has made a gas discovery by the Gina Krog field in the North Sea. The discovery is small, but gas production can start as early as 2023.