Norway’s Oil Industry Is Learning How To Produce More With Less

Norway’s Oil Industry Is Learning How To Produce More With Less

Norway’s oil industry is entering a new phase where infrastructure utilization, subsea tie-backs, and recovery rates could matter more than giant new discoveries. Equinor and Aker BP on Thursday released a new cooperation announcement aimed at deepening collaboration across parts of the Norwegian continental shelf (NCS). At first glance, the agreement looks highly technical. But the two companies said the cooperation is designed to accelerate de…

Equinor, Aker BP Agree Stakes Swap in North Sea, Barents Sea

'The parties will seek alignment on key areas of joint interest on the Norwegian continental shelf, with the aim of speeding up the development of resource...

Equinor and Aker BP strike NCS asset deal to boost offshore development

Equinor and Aker BP have agreed to align portions of their Norwegian Continental Shelf portfolios through a series of offshore asset transactions aimed at accelerating developments and increasing long-term production.

Equinor, Aker BP swap NCS stakes to speed development of unproduced resources

Equinor and Aker BP agreed on a strategic collaboration to increase future production and value creation across selected parts of their NCS portfolios. As a first step, the parties agreed on transactions in the Troll-Fram (Ringvei Vest), Yggdrasil and Wisting areas. Equinor divested a 19% interest in Ringvei Vest discoveries Grosbeak, Røver Nord & Sør, … The post Equinor, Aker BP swap NCS stakes to speed development of unproduced resources appea…