The West Bollsta semi-submersible drilling rig, managed by Seadrill, is currently in the Barents Sea, being towed to an offshore drilling location where it will drill its first well, the rig's AIS data shows. The drilling rig is on hire with the Swedish company Lundin Energy鈥
Swedish oil company Lundin Energy is expanding its oil and gas acreage in Norway through the acquisition of Idemitsu Petroleum's Barents Sea assets, including a stake in the Wisting oil discovery, for $125 million.Under the agreement announced Monday鈥
Norwegian oil and gas company Equinor has awarded its compatriot Aibel a front-end engineering and design contract (FEED) for modification of the Hammerfest LNG plant in connection with the Snøhvit Future project. Snøhvit is the first development in the Barents Sea鈥
Russia's largest oil producer Rosneft has started drilling on two wells in the Kara Sea in the Russian Arctic, its Chief Executive Igor Sechin said on Tuesday.It is the company's first project in the Kara Sea since it was forced to suspend a joint venture project in the area with U鈥
Swedish oil firm Lundin Energy, a partner in Norway's giant Johan Sverdrup oilfield, reported worse-than-expected operating profit in the second quarter as the fall in prices due to the COVID-19 pandemic more than offset record output.Earnings before interest and tax (EBIT) fell to $166鈥
Norwegian seismic acquisition company PGS has started an ultra-high-density seismic survey in the Barents Sea. The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High. The first data will be available Q4 2020鈥
BP Plc said it completed the sale of its Prudhoe Bay oil and gas producing properties to closely-held Hilcorp Energy, ending 60 years as a top Alaskan oil producer.BP and other oil majors have reduced their production roles in the northernmost U鈥
Norway's Aker Solutions has received a letter of intent from Equinor to deliver the subsea production system for the Askeladd Vest natural gas development in the Barents Sea in northern Norway.The development of Askeladd Vest is phase two of鈥
Alaskan officials on Monday approved BP Plc's sale of its oil and gas leases in the state to closely held Hilcorp Energy Co. as part of a previously announced $5.6 billion deal.BP last year agreed to sell its Alaskan properties, including interests鈥
Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region鈥
Norway is planning a major expansion of oil exploration in the Arctic, despite commitments to tackling global warming and opposition from environmental groups.Minister of petroleum and energy Tina Bru said on Wednesday the expansion was needed to protect jobs and generate wealth鈥
Energy companies can apply to explore for oil and gas in 36 new exploration blocks off Norway, the country's oil and energy ministry said on Friday.Western Europe's largest oil producer conducts regular licensing rounds to stimulate offshore oil exploration鈥
Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary鈥
Russia lowering its direct stake in top oil producer Rosneft will not alter its exposure to U.S. sanctions, a U.S. Treasury spokesman told Reuters.State holding company Rosneftegaz has lowered its 50.33% direct stake to 40.4% with subsidiary RN-NeftKapitalInvest taking 9鈥
After a tender procedure, Dutch shipyard Royal Niestern Sander and a joint-venture between Russia's Mercury Sakhalin and Pola have signed an agreement for the construction of the world鈥檚 first shallow draft ice-breaking walk to work vessel. After delivery in December 2021鈥
