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Government: APA 2019: New High Award Secures Further Exploration of the Norwegian Continental Shelf
Category: Business News
The Norwegian Ministry of Petroleum and Energy offers 69 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2019 (APA 2019). – I am proud to offer 69 new production licenses in this year’s APA round. The companies show great interest in further access to new exploration acreage. This means that […]
Source: Regjeringen.no
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Offshore: Equinor ties up offshore Norway automation, safety needs
Category: Business News
STAVANGER, Norway – Equinor has awarded new framework agreements to five suppliers for safety and automation systems for its facilities across the Norwegian continental shelf. The agreements may also be extended to the company’s international E&P activities and for new development projects. Total value of the five-year fixed periods is just above NOK5 billion ($554 million), with three […]
Source: Offshore
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World Oil: Equinor hopes for a dry well near Troll, for potential CO₂ storage
Category: Business 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 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 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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