Upstream news
Aker BP announce exploration success in PL340 near Alvheim
Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30 - 60 million boe, which is significantly more than the company’s pre-drill estimates of 3 - 21 million boe.
SeaBird Exploration awarded source contract in West Africa
SeaBird Exploration has announced that it has signed an agreement to provide a source vessel for an upcoming survey in West Africa. The project is anticipated to commence during Q1 and will have a duration of approximately 60 days. SeaBird will be using the Osprey Explorer for the project.
ADNOC signs new offshore concession agreement with Cepsa
On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession.
NOVATEK wins bid for the gas assets of ALROSA
PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited and 100% of Velarion Investments Limited from ALROSA.
Northern Offshore sells semi-sub rig for conversion
Northern Offshore announces it has sold its semi-submersible Energy Driller to an unnamed party for conversion to alternative use.
OGIC observes increased confidence in North Sea emerging technologies
Over the past year, the Oil & Gas Innovation Centre (OGIC) has seen a growing appetite from companies looking to invest in the development of emerging technologies, as North Sea operators continue to demonstrate the benefits of technology-led solutions in response to the economic downturn.
Add Energy celebrates new projects and 103% increase in workforce
The international energy consultancy provider has more than doubled its workforce in Aberdeen, UK and Houston, Texas thanks to contract wins and software developments in the past year.
Aquaterra Energy opens new Norwegian base as it strengthens EMEA operations
The company has appointed Christian Berven as Business Development Director and opened offices in Stavanger, Norway.
Golden age of gas dependent on changing DNA of industry, new EI survey reveals?
A new report published by the Energy Institute (EI) at International Petroleum (IP) Week sheds light on the attitudes of global oil and gas professionals towards reducing the climate change impacts of natural gas.
Global Energy Talent Index indicates desire for automation and digitalisation in energy industry
The survey of energy professionals and management also reveals that sector pay has increased modestly in the past year, while over half of those surveyed would consider moving to another sector.