All articles by Thor Bensvik

Thor Bensvik

Shell completes $3.8bn UK North Sea assets sale

Shell has closed the sale of certain UK North Sea assets to oil and gas development company Chrysaor, in a transaction valued at around $3.8bn.

Brent crude crosses $60 a barrel mark

Brent crude oil has breached the $60 per barrel mark, reaching its highest level since July 2015 on the back of expectations that the consortium of producers led by The Organization of the Petroleum Exporting Countries (OPEC) will extend the production cut currently in place.

Hess to sell offshore Equatorial Guinea interests for $650m

Energy company Hess has signed a $650m agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy.

Relieving the Pressure

Statoil is conducting wide-ranging research into improving oil recovery and well stability. Thor Bensvik, drilling and well operations manager for the Snøhvit project at Statoil, explains how this can improve productivity and profits.