EMGS gets major contract
Based on current acquisition estimates, the Company expects that all or a substantial part of the minimum contract value will be recognised in 2019. “This gives us confidence that our…
In the News
Chrysaor E&P Limited acquires ConocoPhillips UKCS exploration and production assets
Full-year 2018 production and year-end 2018 proved reserves associated with the U.K. assets being sold were approximately 72 000 barrels of oil equivalent per day (MBOED) and approximately 99 million…
Pandion acquires exploration acreage offshore Mid-Norway
Pandion Energy AS has entered into an agreement with Equinor to acquire a 20 percent interest in licenses PL 263 D and PL 263 E, containing the Appolonia prospect. The…
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…
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.…