Tag Archive

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 […]

Norway’s leadership in reducing emissions from aviation

Norway’s leadership in reducing emissions from aviation

October 9, 2018 No Comments

The Norwegian government announced on 4th October, that it will introduce a 0.5% biofuel blending mandate for aviation. This is the first time in the world, when biofuel is an essential element in the aviation fuel. “I want to congratulate Norway – their announcement marks a groundbreaking milestone in sustainable aviation. We need forerunners and […]

Nova Development and Operation Plan approved

Nova Development and Operation Plan approved

October 1, 2018 No Comments

Wintershall Norge AS and its partners have now received approval by the Ministry of Petroleum and Energy for the plan for development and operation (PDO) for the Nova development, about 120 kilometers northwest of Bergen, Norway. Germany’s largest internationally active crude oil and natural gas producer, and the partnership, submitted the PDO to the Ministry […]

Cairn Half-Yearly Results 2018

Cairn Half-Yearly Results 2018

September 11, 2018 No Comments

Oil sales revenue of US$172 million (m) at an average realised price of US$66.97/barrel (bbl) (US$67.81/bbl before hedging costs) – Simon Thomson, Chief Executive, Cairn Energy PLC said, Cairn has made strong progress across its balanced portfolio. Cash flow from the North Sea is now established and development projects in Senegal and Norway are well […]

Wintershall Tasks Europe to secure future energy supply

Wintershall Tasks Europe to secure future energy supply

August 31, 2018 No Comments

Mario Mehren, CEO of Wintershall, Commented at Norway’s largest energy conference and exhibition, Offshore Northern Seas (ONS) in Stavanger. “Europe needs to be aware of its strengths and must tackle the new political and economic challenges in concert. Only through closely collaborating with our neighbors can we guarantee supply security today and in the future,” […]

Wood awarded modifications contracts by Equinor for Norwegian refinery

Wood awarded modifications contracts by Equinor for Norwegian refinery

August 28, 2018 No Comments

Wood has secured two new strategic modifications contracts with Equinor for the Mongstad refinery near Bergen, growing its downstream capability in Norway. These contracts continue Wood’s support of the Mongstad refinery which aligns with the company’s focus on expanding its existing footprint in the onshore market in Norway. The scope of the contracts includes front-end […]

Equinor is Transforming the Norwegian continental shelf

Equinor is Transforming the Norwegian continental shelf

August 28, 2018 No Comments

Equinor is today presenting plans for transforming the Norwegian continental shelf (NCS) for continued high value creation and low emissions for the coming decades. Equinor is on track to maintain profitable production from the NCS at current level towards 2030. After 2030 the NCS will enter a more mature phase. It is therefore necessary to […]

Improved recovery rate for Johan Castberg field in the Barents Sea

Improved recovery rate for Johan Castberg field in the Barents Sea

August 24, 2018 No Comments

Digital technology developed in Norway will help improve recovery from the Johan Castberg field in the Barents Sea. Equinor has awarded Alcatel Submarine Networks a contract for permanent reservoir monitoring (PRM), which in turn has signed a letter of intent with Nexans Norway AS for delivery of subsea cable. “PRM is a central element of […]

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