North Sea
Field Development , Joint Ventures
SLB OneSubsea JV to Kickstart North Sea Development
SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.
Technology , Wind
TGS Starts Up Multiclient Wind, Metaocean North Sea Campaign
TGS is utilizing two laser imaging and ranging buoys to receive detailed wind measurements and metaocean data, with the goal of supporting decision-making in wind lease rounds in the German Bright.
Field Development , Drilling , Subsea
E&P Highlights: May 6, 2024
Here’s a roundup of the latest E&P headlines, including technology milestones and new contract awards.
Lease Sales
NSTA Offers 31 More Licenses in Latest Licensing Round
The leasing round attracted 115 bids from 76 companies vying for 257 blocks and partial blocks in the U.K. Continental Shelf.
Field Development , Subsea , Joint Ventures
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
Acquisitions & Divestitures
Ithaca Energy to Buy Eni's UK Assets in $938MM North Sea Deal
Eni, one of Italy's biggest energy companies, will transfer its U.K. business in exchange for 38.5% of Ithaca's share capital, while the existing Ithaca Energy shareholders will own the remaining 61.5% of the combined group.
Field Development
Aker BP’s Hanz Subsea Tieback Goes Onstream
AKER BP’s project marks the first time subsea production systems have been reused on the Norwegian Continental Shelf.
Discoveries
Vår Energi Hits Oil with Ringhorne North
Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
Acquisitions & Divestitures , Business
EnQuest Selling Stake in North Sea Golden Eagle Oilfield, Sources Say
EnQuest has struggled in recent years with high debt levels and a drop in profits after Britain imposed a 35% windfall tax on North Sea producers.
Field Development , Subsea , Discoveries , Deepwater
E&P Highlights: April 15, 2024
Here’s a roundup of the latest E&P headlines, including an ultra-deepwater discovery and new contract awards.