Denbury to Acquire Penn Virginia for USD 1.7 bln
Texas-based Denbury Resources will acquire Houston-based upstream energy company focused on the Eagle Ford Shale Penn Virginia in a deal valued at $1.7 billion, including the assumption of debt.According to a press release…
Statoil Acquires 25% Stake in Brazil's Roncador
Statoil ASA and Petróleo Brasileiro S.A. (Petrobras) have agreed that Statoil will acquire a 25 percent interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil’s production in Brazil…
Aker BP Registers Strong Growth
Aker BP ASA increased reserves and maintained 'very good' results in exploration, drilling and wells, projects and production. The company has a view to a continued strong cash flow, and has a robust balance sheet give us freedom.
30 years of Gullfaks oil - Statoil
Gullfaks was something of a final exam for Statoil – the first field where the company was both developer and operator. Since production started on 22 December 1986, 2.6 billion barrels of oil have passed the loading buoys.
Iran to Sign First New Oil Contracts with Domestic Firm
The National Iranian Oil Company (NIOC) will sign the first of its new oil and gas contracts (IPCs) with a domestic firm on Tuesday, the managing director of the state-run company was quoted as saying by Fars news agency on Monday.
NPD’s IOR Prize Awarded to Åsgard Licence
Director General of the Norwegian Petroleum Directorate (NPD), Bente Nylund, announced at the ONS 2016 Tuesday that the Åsgard licence was awarded the NPD’s prize for improved oil recovery (IOR) for their Åsgard subsea gas compression effort.
OTC Names 2016 Award Winners
The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston. As part of the OTC Distinguished Achievement Awards Luncheon…
More Oil from Gullfaks - Statoil
Production from the Gullfaks South (GSO) fast-track project for improved oil recovery in the North Sea started on 27 July. GSO will increase the output from the Gullfaks area by around 65 million barrels of oil equivalent.
FUGRO Supports AlVheim Improved Oil Recovery Project
Fugro is providing wave measurements to support construction operations at an improved oil recovery (IOR) project on the Norwegian continental shelf, around 225 kilometres west of Stavanger. The subsea…
Statoil: Subsea Wet Gas Compressor Coming to Gullfaks
The world’s first subsea wet gas compressor station is now ready for the final testing at Horsøy outside Bergen before being prepared for installation and hook-up to Gullfaks C in 2015. By adding 22…
A Boost for UK Offshore Drilling? DW Monday Muses
Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report – the “Wood Review” – to maximise…
Statoil Opens Research Center in Norway
Tord Lien, Minister of petroleum and energy, opened Statoil’s new research center for improved oil recovery (IOR) at Rotvoll in Trondheim, Norway. Lien and the mayor of Trondheim officially opened the IOR center.
Qatar Petroleum plans to invest over 40 billion QAR
Qatar Petroleum (QP) announced plans to invest over 40 billion Qatari Riyals (QAR) in the re-development of the existing Bul Hanine offshore oil field located about 120 kilometers to the east of the Qatari coastline.
Statoil Invites Suppliers to Closer Cooperation
Statoil invited politicians, suppliers and other important stakeholders to Stavanger Concert Hall to share challenges and increase understanding for the changes that are the inevitable outcome of tighter margins in the oil and gas industry.
