North Sea oil news
Oil and gas discovery near the Valhall field in the North Sea – 2/8-19
Aker BP ASA has concluded the drilling of wildcat well 2/8-19.
Welltec becomes largest shareholder of Isealate AS
Welltec is now the largest shareholder of Isealate, and will be exclusive global partner to the innovative company based in Stavanger, Norway, providing patented patch-thru-patch technology.
Delineation of oil and gas discovery near the Gjøa field in the North Sea
Neptune Energy Norge AS, operator of production licence 153, has concluded the drilling of appraisal wells 35/9-16 S and 35/9-16 A on oil and gas discovery 35/9-3 (Hamlet).
Orcadian Report provides carbon emissions solution for North Sea
The outcomes would enhance the UK’s energy security and would ensure that emissions from North Sea oil and gas production remain world leading.
Neptune Energy to spend US$1 billion to support UK energy security
The company has announced it will spend more than US$1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero.
Longboat Energy executes a two-well farm-in agreement with OMV
The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.
Transfer of Krafla operatorship from Equinor to Aker BP
The companies have signed a MoU for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area.
Neptune secures renewable electricity supplies for German assets
The company has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11 000 t of CO2 per year.
Well-Safe Solutions announces agreement to add third rig to fleet
The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.
Neptune Energy announces the discovery of oil and gas at the Hamlet exploration wells in the North Sea.
Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 million boe.