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Aker Solutions Announce Second-Quarter and Half-Year Results 2018

Aker Solutions Announce Second-Quarter and Half-Year Results 2018

July 12, 2018 No Comments

Aker Solutions’ earnings strengthened in the second quarter of 2018 as orders almost doubled from a year earlier amid a pickup in activity. The company delivered strong execution on major projects globally and made good progress on the second phase of its cost-efficiency program. These efforts helped maintain margins compared with a year earlier. “While […]

Shell to sell Draugen and Gjøa interests to OKEA AS

Shell to sell Draugen and Gjøa interests to OKEA AS

June 20, 2018 No Comments

Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway for $556* million (NOK 4,520 million). The transaction is subject to regulatory approval and is expected to complete in Q4 2018. The transaction’s […]

DEA secures two licences in the Barents Sea

DEA secures two licences in the Barents Sea

June 19, 2018 No Comments

In the 24th licensing round, the Norwegian Ministry of Petroleum and Energy has offered DEA two new licences in the Barents Sea. DEA is awarded the two production licences (PL) applied for: 20% in PL 960 (Equinor operator) and 15% in PL 964 (Aker BP operator). Svend Erik Pettersson, DEA’s Exploration Manager in Norway, is […]

Wintershall submits Plan for Development and Operation (PDO) for Nova field

Wintershall submits Plan for Development and Operation (PDO) for Nova field

May 16, 2018 No Comments

Wintershall has together with its partners Capricorn, Spirit Energy, Edison and DEA submitted the Plan for Development and Operation for its operated North Sea Nova field (formerly Skarfjell) to the Norwegian Ministry of Petroleum and Energy. The milestone comes on the back of the successful development of Wintershall’s Maria field which the company brought into […]

Statoil ASA changes name to Equinor ASA

Statoil ASA changes name to Equinor ASA

May 16, 2018 No Comments

Equinor ASA (OSE: EQNR, NYSE: STO), the new name of Statoil ASA, was approved by the annual general meeting yesterday, 15 May 2018, and the new name has now been registered in the Norwegian register of business enterprises (Foretaksregisteret). The company’s shares will from 16 May 2018 (inclusive) be quoted on Oslo Børs with the […]

Aker Solutions Secures Troll Phase 3 Topside Modification Contract

Aker Solutions Secures Troll Phase 3 Topside Modification Contract

May 16, 2018 No Comments

Aker Solutions secured a contract valued at over NOK 1 billion from Equinor to deliver a module for the Troll A platform that will help increase output at one of Norway’s largest natural gas fields. The engineering, procurement, construction and installation (EPCI) contract is the company’s latest award for work at phase 3 of the […]

Kvaerner and Aker Sign letter of intent for Johan Sverdrup phase 2

Kvaerner and Aker Sign letter of intent for Johan Sverdrup phase 2

April 5, 2018 No Comments

Kvaerner has in a 50/50 joint venture with Aker Solutions been awarded a letter of intent with Statoil for modifications of the riser platform and the field center for the Johan Sverdrup development. The project will provide extensive positive ripple effects for a wide range of Kvaerner’s and Aker Solutions’ subcontractors. At peak, the work […]

Faroe announces significant gas/condensate discoveries

Faroe announces significant gas/condensate discoveries

April 4, 2018 No Comments

Faroe Petroleum announced significant discoveries in both the Hades and Iris prospects in licence PL 644 B (Faroe 20%), located in the Norwegian Sea. The exploration well 6506/11-10 targeted two formations: the Cretaceous Hades prospect and the Jurassic Iris prospect located directly underneath. The well has been drilled to a total depth of 4,536 metres […]

MEPs strengthen EU rules on pipelines to and from third countries

MEPs strengthen EU rules on pipelines to and from third countries

March 27, 2018 No Comments

EU gas market rules must apply to all pipelines entering or leaving the EU, with strictly limited exceptions, Energy Committee MEPs agreed on Wednesday. All gas pipelines from third countries into the EU must comply fully with EU gas market rules on EU territory, say amendments to the EU gas market Directive, as approved by […]

Cairn Energy PLC Announce Preliminary Results

March 13, 2018 No Comments

With first oil production from its North Sea developments, Cairn continues to deliver a strong and balanced business with a growing production base supporting further development and a multi-well exploration programme offering significant growth potential. The SNE field in Senegal is now fully-appraised and the Joint Venture is targeting Government approval of the Exploitation Plan […]

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