Neptune Energy divests portfolio of non-core assets in Norway
Neptune Energy today announced that it has signed Sale and Purchase agreements with OKEA ASA and M Vest Energy AS whereby Neptune will divest its non-operated working interests in three…
Company news
Mol plans to exit Norway
According to information we received from people with knowledge on the matter, the Hungary-headquartered company has given up on the Norwegian North Sea and intends to sell their assets. An…
Shell and Exxon start preparing sale of Dutch fields
Is it a surprise? Probably not. Is it a shock? It still is. This week, Shell and Esso in the form of their 50-50 joint venture NAM announced the start…
NSNR awarded permit for 3D seismic survey over Devil’s Hole Horst structure
Yesterday, North Sea Natural Resources (NSNR) announced that an environmental licence permit was granted for a 3D seismic survey across the Devil’s Hole Horst oil discovery on the western platform…
TGS Announces NOAKA Ocean Bottom Node Seismic Survey
The 437 square kilometer survey will be acquired in the NOAKA area, between the Oseberg and Alvheim fields in the Norwegian North Sea, containing both held and open acreage. This…
North Sea entrant acquires two UKCS licences
As announced yesterday, newly formed Quattro Energy intends to acquire two UK Central North Sea licences north and east of the Piper field from United Oil and Gas. United was…
High Court expresses confidence in Lancaster’s future
“The company is profitable, and anticipated to remain profitable for at least the year.” This is the number one circumstance provided by the High Court of Justice in their judgement…
CGG awarded imaging contract by Lundin Energy Norway
CGG has been awarded a major project by Lundin Energy Norway AS for the seismic imaging of an innovative simultaneous node and streamer 3D survey currently being acquired over a…
“Found” 7 profitable MMboe
Lime Petroleum acquires 33.84% of producing Brage Field in Norway from Repsol. As of 15 June 2021, Lime Petroleum entered into a conditional sale and purchase agreement with Repsol Norge…
Finder Energy acquires Azinor North Sea licences
Following the award of its first North Sea licence in February this year, when Finder Energy announced it had been awarded a 100% interest in P2530 near the Kittiwake area…
Shearwater GeoServices acquires streamers and renews fleet
Shearwater GeoServices Holding AS (Shearwater) last week announced two transactions to take over marine seismic acquisition assets previously owned by Polarcus. Polarcus’ lenders in February this year instructed the company…
Applied Petroleum Technology wins contract from Chrysaor Norge AS
Chrysaor Norge AS has awarded Applied Petroleum Technology (APT) a frame agreement to provide geochemical and biostratigraphic analyses for the operator’s E&P activities on the Norwegian continental shelf. Under the…