Firmer oil prices and improving sentiment have been catalysts for several key strategic moves in recent days, as offshore contractors align themselves to make the most of the imminent upturn.
Aker BP has agreed to buy Equinor’s 77.8 percent stake in Norway’s King Lear gas and condensate discovery for $250 million in cash, the two companies said on Monday.
Pao Novatek,said on Oct. 11 that its subsidiary OOO Arctic LNG 3 has confirmed a new natural gas and gas condensate field in the North-Obskiy license area in shallow-water Ob Bay offshore northern Russia.
The Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, has officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years.
Danish company Resen Waves has raised more than £1m to step up commercial development of its technology for offshore oil & gas and docking systems for underwater drones.
Equinor has confirmed a new play and doubled the remaining oil reserves to be produced at the Norne Field with Cape Vulture, one of the operator’s latest discoveries on the Norwegian Continental Shelf.
