Tag Archive

Songa Offshore SE : July fleet update

Songa Offshore SE : July fleet update

August 7, 2017 No Comments

Songa Equinox achieved an operating efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway. Songa Endurance achieved an operating efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway. Songa Encourage achieved an operating efficiency of 100% and an earnings […]

Faroe Acquires further Interest in Blane Field

Faroe Acquires further Interest in Blane Field

July 31, 2017 No Comments

Faroe Petroleum announced the conditional acquisition of a further 13.9935% interest in the Blane Field in the UK North Sea (“Blane Interest”) from JX Nippon Exploration and Production (U.K.) Limited (”JXN”) for a total consideration of $5.25 million (the “Acquisition”). Highlights Value accretive: consideration of $5.25 million corresponds to approximately $5.0/boe; value synergies include greater […]

Njord and Bauge Get Green light

Njord and Bauge Get Green light

July 31, 2017 No Comments

The plans for development and operation (PDO) of Njord and Bauge in the Norwegian Sea have now been approved by the authorities. The Njord A platform and the Njord Bravo floating storage and offloading vessel (FSO) will be upgraded to recover the remaining resources in the Njord and Hyme fields, whereas Bauge is a new […]

Aker Solutions Announce Second-Quarter Results

Aker Solutions Announce Second-Quarter Results

July 12, 2017 No Comments

Aker Solutions delivered another period of strong execution on major projects globally in the second quarter of 2017 and made good progress on improvement efforts that supported margins. The company secured NOK 3 billion in orders, including a contract to deliver three umbilicals and equipment to ENI’s Coral South project and an order from Statoil […]

Johan Castberg to have considerable spinoffs in North Norway

Johan Castberg to have considerable spinoffs in North Norway

June 26, 2017 No Comments

The overall operational support to Johan Castberg will have considerable spinoffs in North Norway. Statoil has, on behalf of the licence partners, decided that the Johan Castberg operation will be supported by a supply and helicopter base in Hammerfest and an operations organisation in Harstad. Recruitment of offshore personnel from Finnmark county is also prioritised. […]

Statoil’s Njord and Bauge get Green light

Statoil’s Njord and Bauge get Green light

June 21, 2017 No Comments

The plans for development and operation (PDO) of Njord and Bauge in the Norwegian Sea have now been approved by the authorities. The Njord A platform and the Njord Bravo floating storage and offloading vessel (FSO) will be upgraded to recover the remaining resources in the Njord and Hyme fields, whereas Bauge is a new […]

TechnipFMC awarded extension on EPCI contract

TechnipFMC awarded extension on EPCI contract

June 13, 2017 No Comments

TechnipFMC (NYSE and Euronext: FTI) has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees including wellheads and modifications of control systems to the Visund Nord […]

Wood Group wins Statoil concept and feasibility study contracts

Wood Group wins Statoil concept and feasibility study contracts

June 12, 2017 No Comments

Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian North Sea assets. Effective immediately, the company will deliver a topside concept study evaluating the tie in of Total’s Garantiana field development to Statoil’s Gullfaks B and Visund facilities. In addition, Wood Group will provide a […]

Norway contributes to global energy security

Norway contributes to global energy security

May 30, 2017 No Comments

Norway manages its significant hydrocarbon resources and revenues in a sustainable way, and remains a reliable supplier of oil and gas, but Norway’s government should prepare for a future with lower oil and gas revenues. The recommendations were made in the International Energy Agency’s latest assessment of Norway’s energy policies. “As one of the world’s […]

Frogtech Geoscience releases new North Atlantic and North Sea SEEBASE®

Frogtech Geoscience releases new North Atlantic and North Sea SEEBASE®

May 26, 2017 No Comments

Australian geoscience company Frogtech Geoscience released the North Atlantic Regional SEEBASE® Study and GIS, a new comprehensive regional study of basement architecture in the North Sea and the North Atlantic conjugate margins of Norway, Greenland, UK and Ireland. The unique SEEBASE model visualises basement topography at the geologically complex BalticaAvalonia-Laurentia collisional triple junction. The basement […]

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