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World Oil: ConocoPhillips submits re-development plan for Tor field
Category: Business News
On behalf of the licensees, operator ConocoPhillips has submitted a Plan for Development and Operation (PDO) for a re-development of Tor field, in the Greater Ekofisk area in the North Sea. The field was in production from 1978 until it was shut down in 2015 when the installation reached the end of its lifetime. At […]
Source: World Oil
Published: July 1, 2019
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Energy Voice: ExxonMobil’s Norway exit could break records, Rystad says
Category: Business News
US supermajor ExxonMobil could be looking to fetch as much as $3.1 billion through the sale of its Norwegian portfolio, according to Rystad Energy. Rystad Energy partner Simon Sjøthun notes that a sale of this magnitude could be the largest private transaction ever recorded on the Norwegian Continental Shelf. “The valuation implies that a combined […]
Source: Energy Voice
Published: June 7, 2019
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Reuters: Exxon Mobil seeks bids for Norwegian offshore assets
Category: Business News
OSLO (Reuters) – Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said. Two years ago the U.S. major – the world’s largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 […]
Source: Reuters
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World Oil: NPD releases production figures for May 2019
Category: Business News
STAVANGER — Preliminary production figures for May 2019 show an average daily production of 1,599,000 bbl of oil, NGL and condensate, which is a decrease of 120,000 bpd compared to April. Total gas sales were 9.9 Bscm (Gsm3), which is a decrease of 0.1 Gsm3 from the previous month. Average daily liquids production in May was: […]
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Government: Announcement of Awards in Predefined Areas (APA) 2019
Category: Energy
The Norwegian Ministry of Petroleum and Energy announces this year’s licensing round in mature areas on the Norwegian continental shelf – Awards in Predefined Areas (APA) 2019. – I am delighted to announce this year’s APA round. We are continuing our practice of offering regular concessions on the NCS to provide the industry access to […]
Source: regjeringen.no
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