Category: Company news
NCS: ExxonMobil leaves Norway behind
Sources inside Exxon commented that the company finally agreed to sell its NCS assets, ending its production in a country where it started operations [...]
UKCS: Centrica plans to abandon Spirit Energy
Spirit Energy, the E&P joint venture which combines Centrica plc’s E&P business with Bayerngas Norge AS, formed in 2017, is 69% owned by Centr [...]
Wellesley Petroleum sells its share in Duva
The Polish company considers the Duva field as one of the most promising development projects on the NCS in recent years. It is characterized by the e [...]
Impressive results for a Norwegian start-up
The Minister has recently been visiting several small to medium oil companies to learn how they deal with challenges and handle opportunities. The Gov [...]
NCS: Strategic collaboration between OMV and Equinor
According to the first MoU related to the Wisting oil discovery, Equinor will assume the role as operator in the development phase, while OMV will re- [...]
Total cuts jobs in Denmark
Total E&P Denmark announced plans to restructure its Danish Oil and Gas business in Esbjerg, to provide a simpler and focused structure built on T [...]
PGNiG buys King Lear from Total
The King Lear gas field will be shared by Aker BP, the main operator (77.8%) and PGNiG Norway. Field production is planned to start in 2025 (investmen [...]
UKCS: Major investments into Shell‘s North Sea operations
Shell’s CEO, Ben van Beurden, declared that the conventional oil and gas exploration in Shell globally has been revised and significantly rejuvenated. [...]
Global leaders in Streamer Technology
The agreements include a five-year utilisation commitment for an annual minimum of two vessel-years over the period. CGG will have access to Shearwate [...]
TGS and WesternGeco – strong collaboration
The ocean bottom nodes technology is considered a game changer in hydrocarbons E&P, uncovering and developing new reserves and reducing risk in of [...]