Displaying 1 - 10 of 41 articles
Oil and gas major Statoil has announced that it has completed the divestment of several projects on the Norwegian Continental Shelf with the complete withdrawal from a number of licences. The agreement to divest the licences, which was initiated last year with Centrica, is fully completed now. The agreement...
RWE Dea Norge has hit gas in the Norwegian Sea, with the discovery of between 4 and 13 billion standard cubic metres of gas close to the Heidrun field. The discovery was made following the drilling of a wildcat well on production licence 435, using the West Alpha drilling facility. The discovery was...
Total has announced today that it has begun production on the Islay field, which it discovered in 2008, a field located approximately 440 kilometres from the coast of Aberdeen, Scotland. The field, which Total is the operator and 100 per cent shareholder of, is estimated to conatin up to 17 million...
France's GDF Suez and Norway's Gasnor have signed a contract of supply, to last over 12 years, through which GDF Suez will supply Gasnor with 7.5 terrawatts (TWh) of LNG. The supply is due to begin from 2013 and will see GDF Suez transfer the resource from the Zeebrugge LNG terminal in Belgium. The...
BP has announced today a $400 million sale of its interests in assets in the southern gas assets (SGA) of the UK North Sea to Perenco UK. The deal is expected to be completed by the end of this year. The deal will see Perenco a number of onstream fields, including the Cleeton stream fields...
Norwegian major Statoil has been left disappointed after failing to hit any hydrocarbons at its Crux prospect in the Norwegian North Sea. The company had previously identified the Crux prospect as a high-impact gas opportunity and spudded a well earlier this year. Expected reserves for the prospect...
A proposed sale between Rocksource and Valiant Petroleum has faced objections on the side of Rocksource's shareholders, as an extraordinary general meeting has been called to discuss the sale. On Monday, it was announced that Valiant would take a stake in 12 of Rocksource's licence areas in Norway...
Valiant Petroleum is set to increase its presence on the Norwegian Continental Shelf (NCS) with the acquisition of all of Rocksource's assets there. The deal will be completed for a price of 104 million Norwegian krones (approximately €13.8 million) post-tax. Valiant will give an cash payment of...
Italian Eni has announced that it has made a positive discovery for gas and oil following the drilling of an appraisal well at the Skrugard field in the Barents Sea, about 200 kilometres off the coast of Norway. The well, appraisal well 7220/5-1, was drilled to a total depth of 1,740 metres and encountered...
Norwegian Statoil is set to develop the world's first seabed gas compression facility following the awarding of a contract worth NOK 1.2 billion (approximately €160 million) to Technip Norway. Technip will handle the marine operations on the facility which will be developed in the Åsgard field...