OKEA strengthens position around Draugen
The transaction between Shell and OKEA is already effective since 31st of January. OKEA is operator in PL 958 with 50% working interest. The other partners are Petoro (20%) and…
In the News
Traversing the Southern Sierra Nevada
While wandering 240 km across California from Bakersfield to Death Valley, the geotourist can marvel at a range of superlative wonders, from the densest developed oil field to the deepest…
Aker BP wins with Frosk
Aker BP was awarded the biannual Exploration Revived Award for the Frosk oil discovery. The Norwegian Petroleum Society (NPF) recognized Aker BP for the following reasons: Frosk is an excellent…
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.…
Common sense or a bad example?
Norway’s Minister of Finance Siv Jensen announced on Friday that the Norwegian sovereign wealth fund (known as the Government’s pension fund) will not invest anymore in companies whose only activities…
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…
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…
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…