Wood, an oilfield services provider, secured two new contracts for onshore and offshore facilities in Norway from Equinor, Norwegian oil giant. For more than 2 decades, the contract essentially continues his track record in delivery engineering and technical service to Equinor both locally and globally, Wood stated. The contract was awarded following concept study work for the GRAND project and includes an option for the EPCI (engineering, procurement, construction &...Continue Reading

Equinor, a Norwegian oil giant plans to extend the life of offshore platforms with a number of more than 20 in Norway. On Thursday, the company said that authorities had given their approval for the life extension of 8 installations on the Norwegian continental shelf (NCS) for the past 3 years. The company added that they plan to apply for prolonging the life of all older and relevant installations by...Continue Reading

Equinor with its partners, Ineos E&P and Faroe Petroleum have discovered oil and gas from the Snadd Outer Outer/Black Vulture exploration well in the Norwegian Sea. Snadd Outer Outer is the well’s first target found to contain gas. The second target, Black Vulture, discovered oil upon further drilling. Equinor said that there was a total of 3 to 60 million barrels of oil equivalent (boe) of the well volume “before...Continue Reading

By 2024, it is expected that the global demand for natural gas is set to rise by more than 10% in the next five years, which can reach up to 4.3 trillion cubic meters. International Energy Agency (IEA) revealed that China is expected to account for more than 40% of gas demand growth in 2024, but predicts strong growth in other Asian countries when it comes to gas consumption, particularly...Continue Reading

Mitch Flegg, the boss of North Sea-focused Serica Energy has highlighted the firm’s appetite for bumper acquisitons where most of the assests bigger competitors may have lost interest in lie. After the completion of a portfolio purchase from BP 6 months go, this has propelled it into the premier league, according to Mr Flegg as the company eyes for more deals. . His belief towards the firm’s ability in maximising...Continue Reading