Tag Archive

Total, Shell and Statoil enter CO2 storage partnership

Total, Shell and Statoil enter CO2 storage partnership

October 2, 2017 No Comments

The partners are today signing a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage in Norway. In June, Gassnova awarded Statoil the contract for the first phase of the project. Norske Shell […]

INPEX to Acquire Participating Interest in Exploration License PL767

INPEX to Acquire Participating Interest in Exploration License PL767

September 19, 2017 No Comments

INPEX CORPORATION (INPEX) announced that through its subsidiary INPEX Norge AS, it has entered into an agreement to acquire a 40% participating interest in exploration license PL767 (the License) located in the western Barents Sea offshore the Kingdom of Norway from Bayerngas Norge. INPEX’s acquisition of this participating interest will hand the company its first […]

Total Divests Completely from Gina Krog Field in Norway

Total Divests Completely from Gina Krog Field in Norway

September 4, 2017 No Comments

Total has signed an agreement to divest its remaining 15% interest in the Gina Krog field in Norway to Kuwait Foreign Petroleum Exploration Company (KUFPEC). This agreement builds on the 2016 transaction between Total and KUFPEC concerning Norwegian North Sea assets, which included a 15% interest in Gina Krog. The overall consideration for both deals […]

Aker Wins Brownfield Modifications and Maintenance Support Contract

Aker Wins Brownfield Modifications and Maintenance Support Contract

August 31, 2017 No Comments

Aker Solutions secured a framework agreement from Shell to provide brownfield modifications services and maintenance support for the Nyhamna and Draugen facilities in Norway. The agreement has a fixed period of four years and may be extended by up to seven years. It covers the offshore Draugen oil platform and the onshore Nyhamna natural gas […]

Höegh LNG Announce Interim results for half year ended 30 June 2017

Höegh LNG Announce Interim results for half year ended 30 June 2017

August 24, 2017 No Comments

Höegh LNG Holdings Ltd. (“Höegh LNG”) today reports its financial results for the quarter and half year ended 30 June 2017. Highlights: · EBITDA of USD 37.7 million · Profit after tax of USD 8.5 million · Dividend of USD 0.125 per share paid in the second quarter of 2017 · Höegh Giant delivered from […]

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. […]

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