North Sea oil news
Norway's oil production in May higher than forecast
Oil production in May was 4% higher than the Norwegian Petroleum Directorate’s forecast, and 1.2% higher than the forecast so far this year.
Production begins from Gråsel in the Skarv area
The Gråsel reservoir is situated over the Skarv reservoir in the Norwegian Sea, about 210 km west of Sandnessjøen, and contains around 13 million boe of oil.
Saipem secures six-well drilling contract from Wintershall Dea
The semi-submersible rig Scarabeo 8 is due to begin operations in the Norwegian North Sea in 4Q21.
Lime Petroleum acquires Repsol's interest in Brage field
According to the Norwegian Petroleum Directorate, there are 3.42 million m3 of oil equivalent or 21.52 million boe of remaining reserves in the Brage field.
Transocean secures Norway contracts worth US$116 million
Transocean has secured work for its Transocean Barents and Transocean Norge drilling rigs.
Lundin Energy sells oil certified as carbon neutrally produced
The first trade of certified carbon neutrally produced oil from the Johan Sverdrup field has been completed with GS Caltex in South Korea.
TWMA awarded waste management contract extension for Aker BP project
The contract covers integrated waste management services for Aker BP’s Valhall Flank North and Hod B field development projects on the Norwegian Continental Shelf.
Wood secures offshore services contract extension with Equinor
Wood will work with Equinor to drive down costs, increase efficiency and improve sustainability across the company’s Snorre A, Snorre B, Visund, Grane and Martin Linge platforms.
UK Oil and Gas Authority begins sanctions investigation
The investigation will look into a possible failure by unnamed companies to maximise economic recovery from the North Sea.
Lundin Energy increases 2021 production guidance
The company's production guidance for 2021 has been increased to between 180 to 195 000 boe/d, from the original guidance of 170 to 190 000 boe/d.