Renewables outperform fossil fuels
In the 2019 BP Energy Outlook, the Evolving Transition’ (ET) scenario, renewables in power generation (solar, wind, geothermal, biomass) are with 7.6% p.a the fastest growing energy source. In fact, renewables…
In the News
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.…
Oil for prosperity
Oil and gas plays an important part in improving the living standards which an increasing part of the worlds population is able to enjoy. This is the message from Ryan…
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…
Oil still important in 2040
BP published its yearly energy outlook in which the company explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. Most of…
The geoscientists are the winners
«Oldtimers» – or should we call them veterans – started their careers with analogue data. The first 20-30 years of exploring the Norwegian continental shelf was dominated by paper, seismic,…
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…
The winners of the Gullkronen 2019 are…
The Gullkronen awards are a yearly prize ceremony organized by Rystad Energy to recognize companies, teams or people who have shown outstanding achievements on the NCS during the previous year.…
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…
Did you get a pay raise?
According to new Norwegian salary statistics from the Statistical Central Office (SSB) for 2018, measured from September 2017 to September 2018, the average salary of geologists and geophysicists increased with…
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…