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Equinor Makes Oil Discovery At Massive Arctic Field

OilPrice

Equinor has made an oil discovery near Johan Castberg, which could boost reserves at the giant field in the Arctic Barents Sea. Equinor, whose Johan Castberg field has recently reached peak production, has struck oil in exploration well Drivis Tubåen, the Norwegian energy major said on Monday.

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Var Energi Makes Gas Discovery Near Norwegian Sea Oilfield

OilPrice

Var Energi has made a commercial gas and condensate discovery near its Fenja oilfield in the Norwegian Sea and could develop it as a tie-in to the producing field, the Norwegian oil company said on Monday.

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Equinor Hits New Discovery in Johan Castberg

Rigzone

Image by Tatyana Ponomareva via iStock Equinor ASA on Monday announced another discovery in the recently started-up Johan Castberg field on Norway’s side of the Barents Sea. The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil.

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Badawi Discusses Natural Gas Investment Plans with bp

Egypt Oil & Gas

The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project. Earlier this year, bp started production from the second development phase of the Raven field, offshore the Mediterranean.

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DNO Closes Acquisition of Sval Energi for $450MM

Rigzone

Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 Sval Energi CEO Halvor Engebretsen will lead the enlarged North Sea business as the managing director for DNO Norge AS, according to the release.

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ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Rigzone

The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7 miles) northeast of the Heidrun field and about 270 kilometers (168 miles) north of Kristiansund. This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice.

Oil
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TotalEnergies Starts Production at Begonia, CLOV Phase III offshore Angola

Rigzone

The project consists of five wells tied back to the Pazflor floating production, storage and offloading (FPSO) vessel. The first inter-block development in Angola, Begonia straddles blocks 17 and 17/06, both operated by the French energy giant. 19 percent), BP PLC-Eni SpA joint venture Azule Energy (15.84