UK-headquartered energy giant Shell and its London-based partner Deltic Energy have decided to drill a high-impact well on a gas prospect in the UK sector of the North Sea. As a result of this decision, Shell will become the new operator of the licence.
After Norway’s state-owned giant Equinor decided to exercise its option to add more wells to the backlog of an Odfjell Drilling-owned rig, this rig now has eight more wells to drill for the Norwegian company.
The board of directors of Italy’s Saipem has approved the offshore drilling contractor’s first sustainability plan, which represents an integrated strategy that combines business and financial objectives with environmental, social and governance (ESG) criteria, enabling the firm to reach net-zero by 2050.
Norway’s Ministry of Petroleum and Energy (MPE) has approved a plan for the development and operation (PDO) of the Aker BP-operated field in the North Sea, which will enable the firm to fast-track the development to achieve the first oil 18 months after the PDO submission.
UK-headquartered oil and gas company United Oil & Gas (UOG) has revealed that its discovery, envisioned as a subsea tie-back in the Central North Sea, has been valued at £33.5 million on a risked basis, or £109.1 million on an unrisked basis.