Tag Archive

Utgard field on stream

Utgard field on stream

September 17, 2019 No Comments

On 16 September, Equinor and its partners started production from the Utgard gas and condensate field, spanning the Norwegian-UK border in the North Sea. The project is delivered without any personal injuries, ahead of schedule and 25% below the cost estimate. Recoverable Utgard resources are estimated at around 40 million barrels of oil equivalent (boe) […]

Cairn enters into a farm-out agreement for the sale of a 10% interest in the Nova development

Cairn enters into a farm-out agreement for the sale of a 10% interest in the Nova development

August 6, 2019 No Comments

With effect from 1 January 2019, ONE-Dyas Norge AS shall acquire 10% in the project by paying US$59.5 million(m) plus customary working capital adjustments on completion. Following this transaction Cairn will retain a participating interest of 10% interest in the Nova development and reduce its capital expenditure to the end of 2021 in the Nova […]

Subsea 7 awarded contract offshore Norway

Subsea 7 awarded contract offshore Norway

July 10, 2019 No Comments

Subsea 7 today announced the award of a sizeable(1) contract by Equinor(2) for installation and diving operations on the Europipe II, Heimdal and Statfjord (EHS) fields, located in the Danish and Norwegian sectors of the North Sea. The contract comprises engineering, procurement, construction and installation (EPCI) of pipeline end manifolds (PLEM), bypass and tie-in spools […]

Two discoveries in the Norwegian Sea

Two discoveries in the Norwegian Sea

June 17, 2019 No Comments

Equinor and its partners Ineos E&P and Faroe Petroleum have made an oil and gas discovery in exploration well Snadd Outer Outer/Black Vulture in production licence 159B in the Norwegian Sea. The well had two different reservoir targets; an upper drilling target containing 2-12 million barrels of oil equivalent (boe) of gas and a lower […]

Kvaerner to recycle Statfjord A Platform

Kvaerner to recycle Statfjord A Platform

May 2, 2019 No Comments

Kvaerner has been awarded a contract from Allseas for dismantling and recycling of the topside at Equinor’s Statfjord A platform in the the North Sea. The Statfjord A facility was originally built at Kvaerner’s specialised facility at Stord, Norway. 42 years after the tow-out to the field, it is now clear that the platform will […]

Total and Guanghui sign LNG Sale and Purchase Agreement

Total and Guanghui sign LNG Sale and Purchase Agreement

April 10, 2019 No Comments

Total and Guanghui1 have signed a long-term Sale and Purchase Agreement (SPA) for the supply of 0.7 million tonnes per year of liquefied natural gas (LNG) for a period of 10 years. The gas will be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from Total’s global LNG portfolio. “We are delighted to start […]

67% of Equinor purchases was from Norwegian suppliers in 2018

67% of Equinor purchases was from Norwegian suppliers in 2018

February 28, 2019 No Comments

In 2018 Equinor purchased goods and services worth NOK 141,7 billion from more than 9000 suppliers globally. NOK 95,2 billion of this went to suppliers with a Norwegian billing address, i.e. 67% of total purchases. “A competitive supply industry is highly important for the Norwegian continental shelf (NCS) and Equinor. Over the last year the […]

Kvaerner Awarded contract in new onshore market

Kvaerner Awarded contract in new onshore market

February 27, 2019 No Comments

Kvaerner has been awarded a contract for installation of new equipment for the production line B at Hydro’s aluminium plant in Husnes, Norway. The assignment from Hydro marks a key step in Kvaerner’s strategy to grow in markets also outside the oil industry. The new contract is worth approximately NOK 200 million and the work […]

Vår Energi AS (Eni 69.6%)  awarded 13 licenses in Norway

Vår Energi AS (Eni 69.6%) awarded 13 licenses in Norway

January 21, 2019 No Comments

Eni through Vår Energi, jointly owned by Eni (69.6%) and by HitecVision (30.4%), has been awarded a total of 13 licenses in the Awards in Predefined Areas 2018 (APA) by the Ministry of Petroleum and Energy of Norway (MPE). The company has been granted the following 4 operatorships and 9 partnerships in licenses covering all […]

Equinor Gets 29 new licences on the Norwegian Continental Shelf

Equinor Gets 29 new licences on the Norwegian Continental Shelf

January 15, 2019 No Comments

Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as partner. “The APA rounds are important for Equinor to maintain exploration activity and replenish our portfolio on the Norwegian Continental Shelf (NCS). […]

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