UK-based Parkmead Group has launched a farm-out process to find a partner for the development of an oil project in the North Sea, which is expected to bolster the UK’s energy security after production begins.

German oil and gas company Wintershall Dea has started production from its operated Nova oil field in the Norwegian sector of the North Sea.

Norwegian energy giant Equinor has seen a significant increase in its quarterly profit driven by bigger output and higher energy prices amid the energy security crisis.

UAE’s giant Abu Dhabi National Oil Company (ADNOC) has awarded two substantial contracts totalling $2 billion (AED 7.49 billion) to ADNOC Drilling for the Hail and Ghasha development project.

UK-headquartered energy giant Shell and its London-based partner Deltic Energy have decided to drill a high-impact well on a gas prospect in the UK sector of the North Sea. As a result of this decision, Shell will become the new operator of the licence.

Oil major Shell has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. However, the decision has already been met with strong opposition from environmental groups, seeking to stop its development.

Germany’s energy company Uniper received the funding notification of €2.375 million ($2.433 mln) for its planned hydrogen pilot project at the Krummhoern natural gas storage site.

In preparation for production start-up, oil and gas company Neptune Energy has completed drilling operations on four development wells on its operated Fenja field in the Norwegian Sea.

he U.S. oil and natural gas rig count this week rose for a third week in a row as high prices encourage increased spending at the wellpad, boosting demand for some oilfield services companies.

Oil and gas company Wintershall Dea has found no hydrocarbons in the Brage South exploration well located in the North Sea off Norway.