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…
In the News
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…
Equinor operator in West of Shetland
Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank Project in the West of Shetland region of…
DNO succeeds in hostile take-over
UPDATE 14th of January: DNO offer is now unconditional and DNO prepares to delist Faroe shares from AIM. 11th of January: DNO now owns or has acceptances for 76.49 percent of…
HALOil has entered UKCS
Third Energy Offshore Ltd’s portfolio includes interests in the Greater Pegasus Area (45%), and the high impact Andromeda prospect in the Southern North Sea. According to Andrew Cochran, Chairman and…
Pandion enters Norwegian Sea
Pandion Energy has announced to have taken over the 30% working interest of Aker BP in PL 842, in blocks 6608/10, 11 and 12, E-NE of the Norne Field (see…
“Stay on the Technology path!”
“We will have to cover large parts of the North Sea one more time, and that will take several years,” Bjarte Bruheim, Executive Chairman of Axxis Geo Solutions (AGS), says.…
ONE and Dyas have merged
On the 20th of December Oranje-Nassau Energie and Dyas have announced the merge of their upstream energy businesses into a single company called ONE-Dyas. ONE-Dyas will have a 2019 gas…
Worldwide Energy Shortage
Almost one billion people, 13% of the world’s population, still do not have electricity in their homes. The three-stone open fire: still the main method of cooking in many…
Thinking Outside the Petroleum Play
How to rejuvenate hydrocarbon exploration in prolific but tired petroleum systems. Decommissioning is an expensive option. Source: Bureau of Safety and Environmental Enforcement. It is never easy to let…
PETEX 2018: A Renewed Optimism in Oil and Gas
PETEX 2018 lived up to its strapline: A New Optimism, bringing oil and gas professionals together from around the world at this the biennial meeting of the Petroleum Society of…