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OGV Energy’s oil and gas weekly update

OGV Energy’s oil and gas weekly update   EnQuest Plc inked a deal to divest the majority of the Eagle discovery, in the North Sea, for a nominal dollar. The buyer, Anasuria Hibiscus UK Limited, is farming into the project – taking 85% of the project equity – and will fully carry all EnQuest’s costs through to ‘first oil’. It comes as EnQuest focuss...

Seven applicants for area in the 25th licensing round

Seven applicants for area in the 25th licensing round   Seven companies have applied for production licenses in the 25th licensing round on the Norwegian shelf. — The numbered rounds are focused on key areas in our least explored, open areas. They are an important supplement to the annual APA rounds (awards in predefined areas). Exploration activity in immature areas gives the state as a resource owner more knowledge about the resource potential. It enables us to identify res...

Equinor completes farm down of Dogger Bank A and B

Equinor completes farm down of Dogger Bank A and B   Equinor has closed the agreement to sell a 10% interest in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) assets to Eni. As part of this transaction Eni has also completed the agreement to purchase a 10% interest in the Dogger Bank A and Dogger Bank B assets from project partner SSE on the same terms. Following this transaction, the new overall shareholding in Dogger Bank A and Dogger Bank B is SSE Renewables (40%), Equ...

TechnipFMC receives iEPCI LOA for Energean’s Karish North Development in Israel

TechnipFMC receives iEPCI LOA for Energean’s Karish North Development in Israel   TechnipFMC has received a letter of award (LOA) by Energean Israel Limited for the development of the Karish North field, located offshore Israel. TechnipFMC will design, manufacture, deliver and install subsea equipment including the subsea production system, rigid flowlines and umbilicals as a tieback to the ‘Energean Power’ FPSO as well as the second gas export riser. Jonathan...

Exxon Mobil to sell its UK upstream business for more than $1 billion

Exxon Mobil to sell its UK upstream business for more than $1 billion   Exxon Mobil plans to sell its stake in the oil fields of the United Kingdom and the northern North Sea for more than $1 billion as the nation’s largest oil company continues to streamline its portfolio to focus on projects delivering the highest returns. The Irving oil major on Wednesday said it signed an agreement with HitecVision through its wholly owned portfolio company NEO Energy to sell ownership in...

Well Plugging Starts in Pioneering North Sea Field

Well Plugging Starts in Pioneering North Sea Field   Plugging operations began last month in conjunction with the planned shutdown of the Veslefrikk field in the North Sea, Equinor reported Monday. “Veslefrikk was a technologically pathbreaking development which has paved the way for new, lighter offshore structures after the era of concrete giants in the North Sea,” Geir Sørtveit, Equinor’s senior vice president for Operations West, observed in a written...

Total Awards North Sea Services Contract

Total Awards North Sea Services Contract   Total E&P UK Ltd. has awarded DNV GL a three-year contract to provide various services across its full U.K. North Sea oil and gas portfolio, DNV GL reported Monday. “This contract will see Total use a broad range of DNV GL’s services to enhance its operations and support its low-carbon goals,” remarked Jack Downie, DNV GL’s head of development and innovation for U.K. and Ireland, in a written statement emailed...

Neptune Energy Starts Production from Gjøa P1 Project Off Norway

Neptune Energy Starts Production from Gjøa P1 Project Off Norway   Oil and gas company Neptune Energy said Tuesday it had brought online the Gjøa P1 development in the Norwegian sector of the North Sea. Gjøa P1 has been developed via a new subsea template, tied back to existing infrastructure on the Gjøa field. It is a two-well development with one oil and one gas producer. The gas well came onstream on February 22, with the oil well planned to start-...

Oil spill hits 100 miles of Israel's coastline

Oil spill hits 100 miles of Israel's coastline   Israel has been forced to close its Mediterranean beaches after a major oil spill drenched more than 100 miles of coastline. Officials are calling it one of the worst ever wildlife disasters to happen in the country and say it will take months, or even years, to clean up. The spill has left much of the shoreline covered in sticky tar and lots of animals have been pictured covered in it. Thousands of volunteers gathered over...

CNOOC Makes Large Oil and Gas Find in Bohai Bay

CNOOC Makes Large Oil and Gas Find in Bohai Bay   Chinese national oil company CNOOC said Sunday it had made a large oil and gas discovery Bozhong 13-2 in Bohai Bay. CNOOC said that the Bozhong 13-2 structure was located in the south-western Ring of Bozhong Sag in the Bohai Bay with an average water depth of about 23.2 meters. The discovery well BZ13-2-2 was drilled and completed at a depth of 5,223 meters, and encountered oil pay zones with a total thickness of approximately 34...

Planning for shutdown of the Veslefrikk field

Planning for shutdown of the Veslefrikk field   After more than 30 years on stream and over 400 million barrels of oil equivalent the Veslefrikk partnership is now planning for shutdown of the field in the spring of 2022. The plugging of wells has already started. The field was discovered in 1981, and when it came on stream in 1989, Veslefrikk’s development concept, as a first on the Norwegian continental shelf, consisted of a floating production unit. The partnership has...

OGV ENergy International oil and gas update

OGV ENergy International oil and gas  update   88 Energy Ltd started rig mobilisation for the Merlin-1 well, in Alaska, where drilling is scheduled to start in the first week of March. "Commencement of drilling at Merlin-1 is now just around the corner, targeting the extension of the highly successful Nanushuk play,” said Dave Wall, managing director. “Success would underpin a company making development project for our shareholders, with the proven resource at...

Petronas awards Block SB405 in offshore Sabah to ConocoPhillips and Petronas Carigali

Petronas awards Block SB405 in offshore Sabah to ConocoPhillips and Petronas Carigali   Petroliam Nasional Bhd (Petronas) has awarded Block SB405, located off the coast of Sabah, to ConocoPhillips East Malaysia Ltd (COPEM) and Petronas Carigali Sdn Bhd (PCSB), which is expected to bolster exploration activities off the coast of Sabah following the opening of more block investment opportunities in the country. The production sharing contract (PSC) was signed today, the group sai...

Malaysia's Petronas to Offer 13 Offshore Blocks in Feb. 26 Bid Round

Malaysia's Petronas to Offer 13 Offshore Blocks in Feb. 26 Bid Round   Malaysian national oil and gas company Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia bid round 2021 launch on February 26, 2021. Also included, Petronas said, are six discovered fields to incentivize investors to undertake more extensive exploration activities within those blocks. According to Petronas, this year’s offshore bid round also features the...

Oil prices break above $65 a barrel, passing 13-month high

Oil prices break above $65 a barrel, passing 13-month high   Crude oil prices were all fired up at the fourth trading session of the week, as it continued an almost week-long bullish run, passing 13-month highs. The arctic blast presently in play at Texas continues to distort oil production, with more than 20% of U.S. refining output and a million barrels of oil output closed down. What you need to know: At press time, Brent crude futures rallied by 1.20% to trade at $65.11 a ba...

Perfect storm: Energy supply chain slashed by extreme weather

Perfect storm: Energy supply chain slashed by extreme weather   Texas natural gas producers struggled to keep up with record demand during the historic winter storm that wreaked havoc on the state’s electricity grid and plunged millions of residents into frigid darkness. The companies were challenged by power outages to oil and gas operations, freezing temperatures that immobilized and damaged equipment, and hazardous road conditions that hampered access to well sites. These...

Aker Solutions to Deliver Electrification of Equinor's Troll B & C Platforms

Aker Solutions to Deliver Electrification of Equinor's Troll B & C Platforms   Aker Solutions has secured a letter of intent from Equinor for the topside work on the Troll B and C platforms offshore Norway to reduce the CO2 emissions. These modifications will include installation of equipment for receiving electrical power from shore via cable. This will replace power generation from gas turbines at the platforms, and thus reduce climate footprint. The award is estimated to be...

TechnipFMC Announces Approval of the European Prospectus Relating to the Listing of Technip Energies Shares on Euronext Paris

TechnipFMC Announces Approval of the European Prospectus Relating to the Listing of Technip Energies Shares on Euronext Paris   TechnipFMC plc today announced that the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) has approved the prospectus relating to the admission to listing and trading of the shares of Technip Energies N.V. (“Technip Energies”) on the regulated market of Euronext Paris (the “European Prospectus”) i...

No strike on Mongstad

No strike on Mongstad   The employer organisation Norwegian Oil and Gas Association and the trade union SAFE, managed to find a solution in their mediation. This means there will be no strike at Mongstad terminal. For further details see the Norwegian Oil and Gas Association news page : Norsk olje og gass Source: Equinor Read the latest issue of the OGV Energy magazine HERE.  

Norway: Strike Could Disrupt Output of Pil by a Third, Gas by Two Fifths

Norway: Strike Could Disrupt Output of Pil by a Third, Gas by Two Fifths   Workers will decide on Monday whether to strike this week at Norway's largest oil loading terminal, action that could disrupt production at fields responsible for a third of the country's crude output and more than 40% of natural gas exports. Norway, western Europe's largest oil and gas producer, pumps about 2.1 million barrels per day (bpd) of crude, while gas production amounts to 2 million bar...
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