North Sea

Debt-riddled Premier will emerge as Harbour, seen valued at around $5 billion.

BP agreed 1 year ago to sell its interests to Premier Oil for $625 million. The companies later restructured the deal and BP lowered its cash value to $210 million. The transaction fell through after Premier was taken over by Chrysaor in October 2020.

The complete paper presents the results of an investigation into the creep behavior of North Sea shales and their ability to form effective annular barriers.

The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.

The Italian oil and gas major has taken on a 20% stake in the first two phases of the project, which ultimately will be run by Equinor.

Wind energy sources located offshore present challenges in transporting large amounts of energy. Energy transport through hydrogen molecules may be a solution. The PosHYdon project is intended to build experience with offshore H2 production and test power-to-gas technologies and integrated systems.

The EPCI contract for the Breidablikk development includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work. About 70% of the value creation in the Breidablikk development phase is expected to go to Norwegian companies.

The merger will effectively end the 86-year run of UK independent oil producer Premier Oil and give rise to one of the largest companies operating in the North Sea region.

Equinor awarded multimillion-dollar contracts to Aker Solutions and Wood for work on the oil field in the Norwegian Continental Shelf. It said about 70% of the contracts for the development phase is expected to go to Norwegian companies.

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