Upstream news

The company has entered into an agreement with Equinor Energy to acquire its 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea.

NES has continued to pursue a strategy of organic growth complemented by targeted acquisitions.

The company has launched its annual OE Index, which aims to assess the pace and impact of digital transformation in hazardous industries.

The overall value of the contracts is approximately US$400 million.

Coretrax has successfully saved a North Sea operator more than £500 000 during a well abandonment campaign in the UKCS.

A first-time contract for the world’s largest drilling company, and a first-time valve double isolation using an ODIN® inflatable plug installed with an ROV.

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has announced the start of a fully-funded workover programme at its Norio oilfield intended to scale up production rapidly by the end of 2018.

On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream.

Will Scargill, Senior Oil & Gas Analyst at GlobalData, offers his view on the prospects for the sector.

Maersk Drilling AS and the Maersk Intrepid rig have been awarded a 5-month contract for operational support on the Martin Linge field.