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 […]

Vår Energi has been awarded 12 new production licenses on the Norwegian Continental Shelf (NCS), of which five as operator, in the 2022 Awards in Predefined Areas (APA) covering mature areas.  Vår Energi is offered licenses in both the North Sea, the Norwegian Sea and the Barents Sea – most of them in areas close […]

Vår Energi ASA has confirmed discovery of gas in the Vår Energi operated 7122/9-1 T2 (Lupa) well in the Goliat area, Barents Sea.  Preliminary estimates of the size of the discovery are between 57-132 million barrels of recoverable oil equivalent (9-21 billion Sm3 recoverable gas resources).   Building on the successful 2021 exploration performance, Lupa brings […]

Sintana Energy provides the following update, including a recently approved extension to Petroleum Exploration License 87 (PEL 87), a year-end review and 2023 outlook, and summary of incentive awards approved at the Company’s annual general meeting. “2022 was a seminal year in Sintana’s history underpinned most notably by our entry into Namibia in March,” said Robert […]

Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, has agreed to sell 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) and […]

Phase 1 of Askeladd will bring 18 billion cubic metres of gas and two million cubic metres of condensate to the market via the Hammerfest LNG plant on Melkøya. Askeladd is a satellite field of the Snøhvit Field and developed as a subsea tie-in to the Snøhvit facility and Hammerfest LNG. “Askeladd is now producing, […]

Petrofac, a leading provider of services to the global energy industry, has been selected by Shell to undertake new Engineering and Procurement Services (EPS) scopes in Oman. The first is a five-year EPS contract for Shell’s Block-10 Mabrouk Phase-2 Project, located in the Al Wusta Governate of Oman – around 400km from the capital, Muscat. […]