Securing extra volumes for Dvalin
DEA announced a deal with Edison and Petoro to align the partners and equities in PL 211 with the Dvalin license PL 435 in order to simplify a future development.…
Company news
EPIM and Norwegian Oil and Gas Association merging
EPIM and the Norwegian Oil and Gas Association have signed a letter of intent to integrate both organisations from medio 2019. Also, Geodata Trade Operator (GTO) will be part of…
RockRose to expand its North Sea activities
RockRose Energy announced that it has approached the board of directors of Independent Oil and Gas (‘IOG’) with a proposal for an all cash takeover offer for IOG. The proposal…
Marathon Oil exits UK
Marathon Oil and RockRose Energy have entered into a purchase agreement for the sale of Marathon Oil UK and West of Shetland. Marathon Oil thereby exits the UK continental shelf.…
Downsizing in Wintershall DEA
BASF and LetterOne decided in September 2018 to merge their oil and gas companies Wintershall and DEA. Closing of the transaction is expected quite soon in the first half of…
Shell farm-in to licenses in the southern North Sea
Shell will acquire a 70% working interest in Licence P2252 from Cluff Natural Resources and will be appointed licence operator. In addition, Shell has the option to acquire a 50%…
Repsol is growing in Norway
Repsol is growing steadily with 3 new exploration licenses and by buying more production in Norway. Repsol has reached an agreement with Total to acquire its 7.65% stake in the…
More OBS surveys in the North Sea
Shearwater GeoServices is awarded 4 new Ocean Bottom Seismic (OBS) surveys by Aker BP and Equinor for 2019. Aker BP has awarded Shearwater with a multi-year OBS contract. The first…
US player to North Sea
The South-Texas focused unconventional petroleum company Talon Petroleum has entered an agreement to purchase EnCounter Oil. Talon Petroleum is building a position in the UK North Sea and this is…
Lundin strengthens position in Basement Play
In a press release Lundin Petroleum announced an agreement with Lime Petroleum to acquire Lime’s entire acreage on the Utsira High. Lundin Norway’s working interest in the Rolvsnes oil discovery…
New GeoStreamer survey for Supplementary License Round
The 31st Supplementary License Round in the Outer Moray Firth, Greater Buchan Area will soon be opened (Q1 2019) for companies to submit their applications. The British Oil and Gas…
Committed to the north
“Now we need to be awarded licenses, but we are optimistic!” says Arnt-Eirik Rørnes, Exploration Manager in RN Nordic Oil. RN Nordic Oil is Rosneft’s subsidiary in Norway and has…