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Energy

World Oil: Equinor hopes for a dry well near Troll, for potential CO₂ storage

Category: Business and Investment News

OSLO – For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas. The well is being drilled south of the Troll field in the North Sea, and the objective is to investigate whether the reservoir in the deep Johansen Formation is […]

Source: World Oil


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Bloomberg: ConocoPhillips Launches Plan to Distance Itself from Shale

Category: Business and Investment News

ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization, as the oil producer attempts to distance itself from the troubled U.S. shale industry. The company also said it will pay dividends of about $20 billion over the period and limit average capital expenditure to about 10% […]

Source: Bloomberg


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World Oil: Norway’s oil production beats October forecast, still lags full-year projections

Category: Business and Investment News

The Norwegian Petroleum Directorate’s preliminary production figures for October 2019 show an average daily production of 1.82 MMbblof oil, NGL and condensate, an increase of 264,000 bpd compared to September. Read full article HERE.

Source: World Oil


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Hellenic Shipping News: Best Year For Discoveries On NCS Since 2014

Category: Business and Investment News

Commenting on Equinor’s oil and gas discovery near the Fram field in the Norwegian North Sea, announced on 6 November 2019, senior analyst Palzor Shenga at Rystad Energy said: “After a string of recent discoveries, 2019 is shaping up to be the most successful exploration year since 2014 on the Norwegian Continental Shelf (NCS).” Conventional […]

Source: Hellenic Shipping News

Published: November 8, 2019


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Equinor: Oil and gas discovery in the North Sea

Category: Business and Investment News

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic metres of oil equivalent, corresponding to 38-100 million barrels of oil equivalent. “We are making one of this year’s biggest […]

Source: Equinor

Published: November 6, 2019


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