In a major development in the North Sea’s Norwegian sector, Neptune Energy and its partners have announced a new gas discovery at the Kyrre prospect and confirmed significant volumes for the Ofelia appraisal well, both located in the PL 929 license, near the Gjøa field. Neptune Energy has successfully completed the Ofelia appraisal well, 35/6-4 […]
BP has successfully initiated production at the Seagull oil and gas field, which is expected to contribute significantly to the UK’s energy resources. Located in the North Sea, this development marks a pivotal advancement in the industry, supporting local supply chains and sustaining employment opportunities. The Seagull project is anticipated to yield around 50,000 barrels […]
Italian energy company Eni has announced a significant acquisition of Chevron’s interests in the offshore Indonesian Blocks Ganal PSC, Rapak PSC, and Makassar Straits PSC, located in the Kutei Basin, East Kalimantan. Eni will become the operator of these blocks, where it already holds a 20% non-operating interest in Ganal and Rapak. The purchase marks […]
Eni and Vår Energi are set to acquire Neptune Energy Group, a key independent exploration and production firm known for its low-emission, gas-oriented operations in Western Europe, North Africa, Indonesia, and Australia, for $4.9 billion. Neptune Energy, currently owned by China Investment Corporation, Carlyle Group, CVC Capital Partners, and specific management owners, has been a […]
Odfjell Drilling has won a contract extension from Neptune Energy Norge for using the Deepsea Yantai drilling rig for drilling two further firm wells in Norwegian waters. The scope of the offshore drilling contract is projected to take 60 days and is slated to begin in the third quarter of 2023, said the Scottish offshore […]
Tata Consultancy Services (TCS) said that it has enabled Neptune Energy, a UK-based oil and gas company, to become an insights-driven, cloud-first organization. For this, the Indian IT services provider had built a cloud-native data and analytics platform, thereby helping Neptune Energy adopt automation to transform its IT operations and expedite its cloud transformation journey. […]
OKEA and its partners Petoro and Neptune Energy Norge have decided to go ahead with the Hasselmus gas project in the Norwegian Sea with an investment of NOK 600-700 million ($72-84.25 million). The Hasselmus gas discovery will be developed as the first ever tie-back to the OKEA-operated Draugen production platform. It will add more than […]
Neptune Energy has agreed to acquire stakes from Wintershall Dea across various oil and gas fields in the Emsland and the Grafschaft Bentheim region of Germany. The financial terms of the deal were not disclosed. The agreement enables Neptune Energy to increase its existing interests in the Adorf, Ringe, and Apeldorn gas fields, and in […]
Neptune Energy has signed a deal to acquire stakes in multiple oil and gas fields in Germany from Wintershall Dea for an undisclosed price. The deal involves certain oil and gas producing fields in the Emsland and the Grafschaft Bentheim region. It enables Neptune Energy to increase its existing stakes in the Ringe, Adorf, and […]
Neptune Energy has been granted a drilling permit from the Norwegian Petroleum Directorate (NPD) for drilling well 6406/12-G-1 H in production licence 586 (PL 586) in the Norwegian Sea. The wildcat well will be drilled by using the West Phoenix drilling facility once it wraps up the drilling of observation well 6406/12-H-4 for Neptune Energy […]