Rigzone Industry News

'This will be the department for growth'.

Wintershall Dea and Equinor have agreed to pursue a CCS project connecting continental European CO2 emitters to offshore storage sites offshore Norway.

Neptune Energy has begun an infill drilling campaign at its operated Cygnus gas field in the southern North Sea.

Northern Oil and Gas has entered into a definitive agreement to acquire non-operated interests in the Midland Basin for $110 million in cash.

Norway's $1.3 trillion sovereign wealth fund posted its biggest loss on record as rate hikes, surging inflation and Russia's invasion of Ukraine spurred volatility.

Oil and gas companies in Norway have raised their total investments for both 2022 and 2023, according to a survey by the national statistics office.

A new round of windfall taxes would leave the UK facing decades of energy insecurity, heap further costs on consumers, and make the nation more dependent on other countries for gas and oil.

Neptune Energy reported revenues for the half year at $2.06 billion and a net income of $761.7 million, rising significantly from the respective 2021 figures.

Haitham Al Ghais of Kuwait has taken office as Secretary General of the Organization of the Petroleum Exporting Countries.

Neptune Energy has completed the drilling of four development wells on the operated Fenja field in the Norwegian Sea, in preparation for production start-up.