Tag Archive

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). […]

Faroe Announce Results of Brasse East Exploration well

Faroe Announce Results of Brasse East Exploration well

January 2, 2019 No Comments

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Brasse East exploration well 31/7-3 S and the Brasse appraisal sidetrack 31/7-3 A in the northern North Sea (Faroe 50% working interest and operator). The Brasse East exploration well […]

New oil discovery in the Johan Castberg licence

New oil discovery in the Johan Castberg licence

October 29, 2018 No Comments

Equinor and partners ENI and Petoro have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable barrels of oil. “This is an important discovery. It helps to determine the size of the Johan Castberg resource base which is currently being developed. Securing resources near existing […]

Aker Solutions Announce Third-Quarter 2018  Results

Aker Solutions Announce Third-Quarter 2018 Results

October 25, 2018 No Comments

Aker Solutions’ earnings strengthened in the third quarter of 2018 as orders more than doubled from a year earlier amid increasing signs of a market recovery. Financial Highlights • Revenue NOK 6.5 billion • EBITDA NOK 463 million • EBITDA margin 7.1% • EBITDA ex. special items NOK 492 million • EBITDA margin ex. special […]

Production start at Oseberg Vestflanken 2

Production start at Oseberg Vestflanken 2

October 15, 2018 No Comments

On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream. Remote-operated from the Oseberg field centre, the new Oseberg H platform is the first unmanned platform on the Norwegian Continental Shelf. Recoverable resources are 110 million barrels, and the project was delivered far below budget. “With Oseberg H we take […]

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