Oil & Gas News

Back in May 2018, the North Sea was the theater of a new kind of more efficient and flexible rig move operation. Transferred to a new location within meters of a live production manifold, this delicate relocation mission was performed by iXblue, a global leader in the design and manufacturing of innovative navigation and positioning solutions, and an Aberdeen-based positioning and survey provider.

Equinor is on track to maintain profitable production from the NCS at current level towards 2030. After 2030 the NCS will enter a more mature phase. It is therefore necessary to introduce new measures to tackle the future challenges of declining production from the big fields, ageing installations and the need for reduced CO2 emissions.

Ithaca Energy Limited announces it has entered into agreements to acquire all the Greater Stella Area (“GSA”) licenses and associated infrastructure interests of Dyas UK Limited (“Dyas”) and Petrofac Limited (“Petrofac”). The acquisition materially increases the Company’s production and reserves base, while simultaneously delivering full control and flexibility over the long-term development of the GSA production hub.

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company announces that further to the announcement of 24 May 2018, it has accepted the formal offer from the Oil and Gas Authority, the UK oil and gas regulator, confirming the award of Blocks 15/18d and 15/19b (License P2366), with the license term beginning 1 October 2018.

Brazil stands out globally as one of the most promising offshore oil and gas basins with a significant remaining resource base. In addition, the country has a huge potential within renewable energy.

Baker Hughes, a GE company, has received a three-year extension to a subsea services frame agreement with Equinor for its operations on the Norwegian Continental Shelf. BHGE will provide support for several installations including Troll, Snorre B and Tordis/Vigdis, with the deal marking more than 40-years of collaboration between the two companies.

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