The Alvheim field is one of the most successful developments on the Norwegian continental shelf. When PDO was submitted to the Government in 2004, the reserves estimate was 171 million barrels of oil equivalents. Production from the Alvheim field exceeded this volume in early 2014. Today, the amount produced from the Alvheim area in total […]

Arrow Exploration today provides an update on the Carrizales Norte-1 well (CN‑1), an exploration well on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 per cent beneficial interest. CN-1 The Company has commenced completion operations at CN-1 and Management expects to proceed with putting the C7A and C7 zones […]

In connection with the sale by TotalEnergies to Suncor Energy Inc. of the entirety of the shares of TotalEnergies EP Canada Ltd announced on April 27, 2023, ConocoPhillips has notified on May 26, 2023 TotalEnergies that it is exercising its preemption right to purchase the 50% interest in the Surmont asset held by TotalEnergies EP […]

Neptune Energy has disclo the award of a +$100 million contract to Tenaris to provide equipment and services to support drilling activities on the Norwegian Continental Shelf. The contract covers the manufacture, transport, handling and repair of a broad range of casing materials used in offshore drilling activities. Initially this will include support for one […]

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 […]