Tag Archive

Johan Sverdrup Field Starts Up in the North Sea

Johan Sverdrup Field Starts Up in the North Sea

October 7, 2019 No Comments

The production from Phase 1 of the giant Johan Sverdrup field has started – more than two months ahead of schedule and with a cost reduced by more than 30%. The total investment is $10.5 billion and plateau production is 440,000 barrels per day. Johan Sverdrup is operated by Equinor (42.6267%), alongside Lundin Norway (20%), […]

Saipem signs contract to deliver Hydrone-based technology to Equinor

Saipem signs contract to deliver Hydrone-based technology to Equinor

October 3, 2019 No Comments

Saipem has signed a subsea service contract with Equinor, worth approximately 40 million Euro, which entails the use of Saipem’s Underwater Intervention Drone (UID) Hydrone-R and the all-electric Work Class ROV Hydrone-W in the Njord Field development, offshore Norway. This agreement is the first ever worldwide service contract for subsea drones signed in the offshore […]

Equinor awards pioneering wireless subsea drone contract

Equinor awards pioneering wireless subsea drone contract

October 2, 2019 No Comments

Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This contract will make Equinor the first user of technology expected to be completed in 2020.? “This is a historic contract in the oil and gas industry. It is the first contract […]

ExxonMobil to sell Norway upstream operations for $4.5 billion

ExxonMobil to sell Norway upstream operations for $4.5 billion

September 27, 2019 No Comments

ExxonMobil signed an agreement with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021. The transaction includes ownership interests in more than 20 producing fields operated mostly by Equinor, including Grane, […]

Vår Energi acquires ExxonMobil’s upstream assets in Norway

Vår Energi acquires ExxonMobil’s upstream assets in Norway

September 26, 2019 No Comments

Vår Energi AS, owned by Eni and HitecVision, has today signed an agreement with ExxonMobil to acquire its upstream assets in Norway. The transaction includes ownership interests in more than 20 producing fields operated mostly by Equinor, including Grane, Snorre, Ormen Lange, Statfjord and Fram, with a combined production of approximately 150,000 barrels of oil […]

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 […]

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