Breidablikk oil project : Equinor and its partners Petoro, ConocoPhillips Skandinavia, and Vår Energi have approved the development of the Breidablikk oil field in the Norwegian North Sea with an investment of NOK 18.6 billion ($1.96 billion). The partners will submit the plan for development and operation of the Breidablikk field to the Norwegian Minister […]
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 […]
Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]
Baker Hughes, a GE company (BHGE), and Ocean Installer have bagged a subsea contract from Vår Energi for the Balder X project, which is being taken up in the North Sea with an investment of NOK 15 billion ($1.65 billion). The contract is for providing engineering, procurement, construction and installation (EPCI) of subsea systems and […]
Equinor Energy, ExxonMobil and Vår Energi have announced the start of production from the Trestakk field in the Norwegian Sea, on time, and without any serious incidents. The Trestakk oil and gas field, which is located on Haltenbanken Norwegian Sea in a depth of around 3,900 metres, is tied back to the Åsgard A floating […]