North Sea | Egypt Oil & Gas - Part 3
PGNiG to Record 30% Surge in Production After Shell Acquisition
PGNiG Upstream has signed an agreement with A/S Norske Shell to acquire two gas producing fields in the North Sea, leading to a production increase of nearly 30% above the previous forecast, according to a press relea...
Shell Looking to Cut Production Costs by up to 40%
Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition, according to Reuters. This new cost-cutting initiative is known as “Project R...
Petrofac Awarded Contract Extension in the North Sea
British oilfield service provider, Petrofac, has been awarded a multi-million dollar integrated services contract by Ithaca Energy to renew its contract in the North Sea, according to a press release. The new five-y...
Saipem to Resume Drilling of Scarabeo 8
Italian multinational oilfield services company, Saipem, will restart drilling activities of the Scarabeo 8 in the Norwegian waters following the postponement of activities due to the COVID-19 pandemic, according to a... Equinor Provides Engineering, Installation Services in North Sea
Equinor has awarded Apply a framework agreement for engineering and installation services on the North Sea Statfjord field, according to a press release. As per the agreement, work will be done on overhaul, replaceme...
Heerema Contracted to Install Dana’s P11-Unity Platform
The Dutch company, Heerema Marine Contractors, were awarded a contract from HSM Offshore for the transportation and installation of Dana Petroleum’s P11-Unity platform, according to a press release. The platfor...
HitecVision, Petrogas to Acquire Total North Sea Oilfields
Oman’s Petrogas and HitecVision are set to acquire some of Total’s North Sea oilfields in the UK for $635 million, Reuters reported. Talks are focused on a portfolio of Total oilfields, including Dumbarton, Ball...
NIOC-Owned North Sea Field Given US Sanctions Waiver
The US Office of Foreign Assets Control (OFAC) has issued a waiver that will allow the bypassing of US sanctions placed on the Rhum gas field in the UK’s North Sea, which is 50% owned by the National Iranian Oil Compa... 
