The Njord field in the Norwegian Sea has been officially opened by the minister of petroleum and energy, Terje Aasland. The platform and the floating storage and offloading vessel (FSO) have undergone extensive upgrades and are now ready for doubling the field life – and more than doubling production. “With the war in Ukraine, the […]

Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is of approximately USD 9 billion. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas and oil/condensate recoverable reserves above one […]

Suncor Energy has agreed to purchase TotalEnergies’ Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) and a 50% working interest in the Surmont in situ asset. This will add 135,000 barrels per day of net bitumen production […]

The Mad Dog Phase 2 project has commenced production from the Argos offshore facility in the deepwater US Gulf of Mexico. With a gross production capacity of up to 140,000 barrels of crude oil per day, Mad Dog Phase 2 is a significant addition to Woodside’s Gulf of Mexico position and will systematically ramp up […]

Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, has completed the previously announced sale of its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP). The sale concerns non-operated interests of 40% in the Amended 2011 Baram Delta EOR Production Sharing Contract (BDO PSC) […]

Sequel to recent announcement made by Aquadrill on its new drilling campaign in East Africa, Shelf Drilling has also made a disclosure of the company’s award of a two-year contract for the Shelf Drilling Scepter for drilling operations offshore Nigeria. The drilling contract which is valued for the firm period, including mobilization revenue, is approximately […]

Equinor has signed an agreement to acquire equity interest in five discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS. Since 2019, Equinor has made seven discoveries in this area. The transaction adds to Equinor’s equity share in the following discoveries: An […]

EBITDA for the fourth quarter of 2022 was USD 21.8 million, down from USD 61.5 million in the third quarter of 2022, mainly due to a decrease in the realised oil price. One lifting to BW Energy is scheduled in the first quarter of 2023. The drilling campaign at the Hibiscus field commenced at the […]

INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the US onshore oil and gas market, as it acquires […]

Operated by Shell Offshore Inc., a subsidiary of Shell plc, the deep-water Vito platform will produce an estimated 100,000 barrels of oil equivalent per day at peak. Equinor has a 36.89% interest in the field.  “Vito is a first-class asset in a key producing region for Equinor,” says Chris Golden, US country manager. “The US […]