Stay up to date with the latest news and updates from the oil industry.
DNV has been selected by the International Association of Oil & Gas Producers (IOGP) to support the decarbonisation initiatives of IOGP members – producers of 40% of the world’s oil and gas.
The company has announced it will spend more than US$1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero.
Equinor and Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in the Greater Ekofisk Area and a minority share in Martin Linge (19%).
The company has announced that the Fajr-8 development well was tested at a daily rate of 2440 barrels of oil and negligible water. The well encountered 98 feet of high-quality oil pay in sandstone of the Bahariya Formation.
The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.
The company plans to drill the main target horizon, the Sasanof-1 Well, in this prospect during May/June 2022.
Strong initial performance from new Gulf of Mexico production and onshore wells, balance sheet strengthening with debt reduction announcement, and increasing shareholder returns.
The provider of manufactured products and services for the traditional and renewable energy sectors has announced its new Managed Pressure Drilling and Riser Gas Handling System.
The company is extending its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS).
The companies have signed a MoU for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area.
The first issue of our new publication, Global Hydrogen Review, is out now!
The companies have signed a legally binding sale and purchase agreement with Angola’s state-owned oil company for a total consideration of US$335.5 million.