ConocoPhillips on Tuesday announced a new oil find offshore Norway that it estimated could generate between 75 million and 200 million recoverable boe. It marked the second “significant” discovery in the region in as many months, the company said, building upon earlier successes near Norway. The latest discovery well was drilled in 1,165 feet of…
Articles from Norway
Equinor SA on Monday set a goal to become a net-zero energy operator in 30 years, joining goals set out by fellow European-based oil and natural gas majors. The Norway-based energy major still expects to deliver production growth of around 3% on average from 2019 to 2026 through “competitive and resilient projects.” The net-zero ambition…
A fire that broke out Monday at Equinor ASA’s Hammerfest liquefied natural gas (LNG) terminal in northern Norway has forced the company to shut down the plant indefinitely, compounding unplanned supply outages elsewhere in the world. The fire broke out in one of the turbines that power the 4.3 million metric tons per year (mmty)…
The government of Norway on Friday proposed dropping a who’s who of U.S. independents from its estimated $1 trillion pension fund to reduce the “aggregate oil price risk” to the economy. Integrated producers, many with substantial renewables businesses, would not be impacted.
As oil and gas operators become “leaner and meaner,” they are reducing the size of projects and their costs, with a number of big investment decisions on the horizon, according to Wood Mackenzie.
The market for renewable natural gas (RNG) as a transportation fuel is growing, with new interest in Southern California and Scandinavia.
Marking another milestone this year for the U.S. shale industry, the first shipment of ethane gas produced in the Appalachian Basin set sail on Wednesday from Sunoco Logistics Partners LP’s Marcus Hook Industrial Complex for a 3,800-mile journey to Norway.
Norway’s Statoil ASA on Wednesday said it has snapped up another 70,000 net acres in liquids-rich areas of the Marcellus Shale for $590 million in cash. The portfolio additions, which give the producer full or joint partnership in close to 750,000 net acres in the play, are spread across West Virginia and Ohio.
Sidewinder Drilling Inc., a privately held upstart that’s been in the unconventional drilling game for a little more than a year, on Tuesday said it had a $242 million definitive offer on the table for Fort Worth, TX-based Union Drilling Inc., which operates across the U.S. onshore.