Energy Ticker

17/12/2014

Obama bans oil and gas exploration in Alaska

US President Barack Obama declares Bristol Bay in Alaska as prohibited area for oil and gas exploration in order to safeguard the fishing and tourism industries in the area. The prohibition applies indefinitely and comes after Obama in 2010 laid down a temporary ban on oil and gas exploration in Bristol Bay which is one of the world's most valuable fishing areas. - I acted to ensure that one of America's greatest natural resources and a major economic engine, not only Alaska but also for the US, is protected for future generations, says Obama. The decision means that millions of acres of pristine coastline and terrain are protected for oil exploration.

Source: Dn.no
17/12/2014

Increased oil production in 2014

So far in 2014, oil production is about 1 percent higher than the Norwegian Petroleum Directorate (NPD) estimated, and about 2 percent higher than in 2013. But in November, figures show a decline. Liquid production in November distributes as follows: 1,467,000 barrels, 351,000 barrels liquefied natural gas (NGL) and 121,000 barrels of condensate in average per day. Oil production stopped 5 percent below the NPD`s forecast for November and 5 percent below production in November last year. This is a decline of 18,000 barrels per day (about 1 percent) compared with October 2014. The total gas sale was 10.2 billion cubic meters (GSm), this is 0.3 GSm less than the month before.

Source: Aftenbladet.no
17/12/2014

Gullfaks plan worth NOK 4, 6 billion (€ 492 million)

Gas Discovery Gullfaks Rimfaksdalen in the North Sea will be developed for NOK 4.6 billion (€ 492 million). Production is planned to start in January 2017. The plan for development and operation (PDO) was submitted to the Ministry of Petroleum and Energy on Tuesday. The recoverable reserves are nearly 80 million barrels of oil equivalent, mostly gas. The discovery will be developed with a device on the seabed and involves investments worth NOK 4.6 billion (€ 492 million). – It is gratifying that projects like Gullfaks Rimfaksdalen are realized. An important part of the government`s policy is that all profitable resources are extracted, says Minister Tord Lien.

Source: Offshore.no
16/12/2014

Repsol buys Talisman

Spanish Repsol buys Canadian Talisman Energy for 8.3 billion dollars. The agreement, which will make Repsol one of the world's largest energy companies, has been unanimously approved by the boards of both companies. The combined company will have 27,000 employees and be represented in over 50 countries. Otherwise Repsol is operates the North Sea license PL 541, the Norwegian Sea licenses PL 642, PL 692, PL 705 and the Aasta Hansteen satellite PL 763 and Barents Sea license PL 711. In addition the company is partner in several licenses, including Centrica`s Ivory and Wintershall`s Imsa. The transaction is expected to be completed in the second quarter of 2015.

Source: Petro.no

Press Contact


Verena Sattel
Communication Manager North Sea, Spokesperson

verena.sattel[at]wintershall.com