The oil industry at the Norwegian Continental Shelf (NCS) is expected to see a decrease in oil spending in 2016-2020 of approximately US$50 billion (£38.16 billion) on increased figures for deferred or scrapped projects.
Aker BP announces the start-up of production from Viper-Kobra, which is tied back to the Alvheim FPSO. The project is developed on time and within budget.
The US energy major Noble Energy announced progress towards the sanctioning of the giant Leviathan gas field offshore Israel.
Maersk Oil announced in its third quarter results that it is planning to shed its interest in the Buckskin oil and gas field, in the US Gulf.
Statoil has submitted a development and operations plan for the Trestakk discovery, with a “significant increase” of its recoverable resources.
The Norwegian Petroleum Directorate (NPD) announced today it has granted consent for the start-up of production at the Ivar Aasen field in the North Sea, one of the largest developments in Norway.
Subsea 7 announced today it has been awarded a “substantial” contract by the Pharaonic Petroleum Company offshore Egypt.