An area requiring major discoveries
Only 11.5 percent of exploration licences in the Barents Sea have resulted in production. “The area has not met expectations,” says NTNU professor in an interview on nrk.no.
Posts by Ronny Setså
New acreage in the Norwegian Sea
Norwegian Ministry of Petroleum and Energy announces this year’s licencing round with new acreage in the Norwegian Sea.
New life for PL 001
Vår Energi is upgrading the production vessel Jotun FPSO as part of its commitment to increased oil recovery from Norway’s first oil discovery.
Management changes at Neptune
Gro Haatvedt is leaving her role as a VP of Exploration and Development in Neptune Energy, but will continue to work with the company as a Distinguished Advisor.
Missed pay opportunities in the North Sea
An ongoing project has investigated whether digital analytics may help explorationists find remaining oil and gas in the mature North Sea. Preliminary results indicate a massive opportunity.
More cost (and job) cuts at PGS
PGS is scaling down and cutting costs to weather the current supply industry storm and be ready for improving market conditions in the future.
More oil to be found at Grand Banks
Applied Petroleum Technology has identified until now unrecognized Lower Jurassic source rocks offshore East Canada.
Neptune pushes back first production
Neptune Energy has decided to slow the pace of investments at some of its growth projects. This will affect first oil as Njord, Duva and Fenja on the NCS.
Divests UK assets
Total has sold several non-core assets in the UK part of the North Sea to the Norwegian investment fund HitecVision.
Neptune terminates Edison deal
Neptune Energy today announced that it has agreed to terminate the agreement to acquire Edison’s UK and Norwegian assets.
New 4D survey at UK giant field
Apache has awarded Shearwater GeoServices a 4D survey at the Forties Field in the UK North Sea.
A world’s first!
Neptune Energy has conducted the world’s first dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.