Oil and Gas Production on the Norwegian shelf Will Peak in 2025
Norwegian companies need to step up exploration and improve production efficiency in order to avoid a drop in oil and gas production after 2025, the Norwegian Offshore Directorate believes. Oil and gas production on the Norwegian continental shelf will reach a maximum in 2025, and then it is expected to …
TotalEnergies Sells Its Interests in Gas Fields in the UK
TotalEnergies is selling part of its gas assets in the UK. The company’s press service reported this. TotalEnergies has signed an agreement to sell its entire interest in the West of Shetland assets in the UK to The Prax Group. It includes the Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, …
Orlen Acquired a Share in the Atlantis Gas Field in the North Sea
The Polish energy concern Orlen through its daughter PGNIG Upstream Norway acquired a twenty percent share in the Atlantis gas field in the North Sea, the company reports. “We have acquired a twenty percent share in the Atlantis field, one of the largest, opened in recent years on the Norwegian …
Equinor Finds Oil in the Svalin Field Offshore Norway
Norwegian international energy company Equinor has made a new oil discovery under Production License No. 169 in the Norwegian North Sea after drilling well 25/11-H-1 H in the Svalin field. The well, drilled by the Deepsea Aberdeen rig, encountered oil in thin layers of sandstone with very good reservoir quality …
Oil and Gas Companies Pull Out of UK North Sea Sector Due to Tax Pressure
Oil and gas companies operating in Britain’s North Sea offshore sector are consolidating and moving overseas as Britain’s windfall tax cuts into profits and the opposition Labor Party threatens to increase taxes if it wins the next general election. This was reported by Reuters. A change in strategy could accelerate …
Chevron Will Leave the UK North Sea after More than 55 Years of Operation
American Chevron Corp. will sell its remaining oil and gas assets in the British part of the North Sea, where it has operated for more than 55 years, the Financial Times writes, citing a company statement. The decision follows a review of Chevron’s global portfolio to identify strategic and competitive …
Norske Shell Decommissions the Knarr Field in the North Sea
The Norwegian Ocean Industry Authority (Havtil) has granted Norske Shell permission to carry out decommissioning work at the Knarr field in the northern North Sea. Havtil reports. Knarr oil and gas field: located 50 km northeast of the Snorre field; discovered in 2008 by exploration well 31/3-1С, drilled by a …
Polish PGNiG Is Preparing for Drilling Operations on the Norwegian Shelf
The Norwegian Ocean Industry Authority (Havtil) has issued PGNiG Upstream Norway (PUN, part of the Polish Orlen Group) permission to conduct drilling operations in the Norwegian Sea. Havtil reports. Drilling operations will be carried out under production license PL1055, which was issued on February 14, 2020 and will be valid …
Norway Will “Scrape the Bottom of the Barrel” in the North Sea
The first project since the COVID-19 era is being implemented on the Norwegian shelf of the North Sea. A new oil and natural gas field in the North Sea called Bestla will begin to be developed in the first half of 2027. The caveat is that the Bestla project, which …
Aker BP Commissions Hanz field in the North Sea
Aker BP has started production at the Hanz field in the North Sea. This was reported by the press service of the Norwegian company. Theses from Aker BP CEO K. Hersvik: this is another great example of what we can achieve by working as a team with our suppliers to …