Oil & gas news
Equinor welcomes OKEA as new partner in the Statfjord area
The company has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA with an effective date 01 January 2023.
Neptune Energy welcomes decision to widen gas entry specification limit
The company has welcomed the UK Government’s decision to widen the gas entry specification limit, which will enable more North Sea gas to enter the country’s National Transmission System (NTS).
Aker BP confirms that the Frosk field development has been completed
The company has announced that the Frosk field development in the Alvheim area has been completed and production has started on schedule and within budget, only 18 months after the Plan for Development and Operation (PDO) was submitted.
Samotics launches interactive analytics hub
The interactive analytics hub brings new powerful tools and functionalities that will provide customers with actionable insights to optimise assets' health and energy performance.
UK North Sea flaring halves in four years
North Sea flaring has been cut in half following four consecutive years of reductions driven by tough measures to make UK oil and gas production cleaner, new analysis shows.
Wood Mackenzie: Willow project in National Petroleum Reserve-Alaska receives approval from US Interior Department
The decision is for a three-pad development instead of the originally sought five drill sites and is coupled with ConocoPhillips relinquishing 68 000 acres of existing leases.
Neptune Energy provides record levels of support for European economies
Economic impact analysis by Oxford Economics, published in Neptune’s Annual Report and Accounts, revealed the company’s overall European economic impact increased significantly in 2022.
Equinor strikes oil and gas near the Troll field in the North Sea
The volumes are estimated at between 24 and 84 million boe, with slightly more oil than gas.
Equinor Energy AS has concluded the drilling of wildcat well 35/10-9 on the Heisenberg prospect
The well was drilled 10 km northwest of the Fram field and about 140 km northwest of Bergen.
Fugro and Petrobras introduce remote subsea inspection survey in Brazil
The companies have achieved a major milestone in Brazil's offshore energy sector by completing the country's first-ever remote subsea inspection survey.