Tag Archive

Equinor’s Statfjord A to shut down production in 2022

Equinor’s Statfjord A to shut down production in 2022

May 2, 2019 No Comments

The Statfjord A platform in the North Sea will shut down production in 2022, 43 years after first oil. This more than doubles the expected lifetime of the platform. Now the contract for removal and disposal of the topside has been signed, and the topside will be demolished at Stord – where it was built […]

NOK 6,7 billion Johan Sverdrup living quarters topside ready for sail-away

NOK 6,7 billion Johan Sverdrup living quarters topside ready for sail-away

March 18, 2019 No Comments

With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord to the Johan Sverdrup field, where it will be installed in a single lift. “This […]

Saudi Aramco Energy Ventures invests in Earth Science Analytics

Saudi Aramco Energy Ventures invests in Earth Science Analytics

March 8, 2019 No Comments

Earth Science Analytics AS, a Norwegian provider of artificial intelligence-based petroleum geospatial software, has closed a financing round A with Saudi Aramco Energy Ventures (SAEV). Saudi Aramco Energy Ventures is the corporate venture arm of Saudi Aramco, a world-leading integrated energy and chemical company. Earth Science Analytics is at the forefront of developing the next […]

DNO’s 100 Percent Reserves Replacement in 2018

DNO’s 100 Percent Reserves Replacement in 2018

February 11, 2019 No Comments

DNO ASA, the Norwegian oil and gas operator, today announced it replaced 2018 production through additions to reserves, marking the second consecutive year in which the Company’s replacement of proven reserves reached or exceeded 100 percent of production. “DNO’s stellar record of reserves replacement through the drill bit is a result of stepped up spending […]

Equinor Signs research agreements worth NOK 315 million

Equinor Signs research agreements worth NOK 315 million

February 1, 2019 No Comments

Equinor has signed agreements funding basic research in five Norwegian universities and NHH by NOK 315 million over five years. The biggest agreement was signed with NTNU in Trondheim on 1 February. The agreement with the Norwegian University of Science and Technology (NTNU) is the sixth academic agreement on basic research signed by Equinor this […]

DEA awarded nine new licences in Norway

DEA awarded nine new licences in Norway

January 15, 2019 No Comments

The Norwegian Ministry of Petroleum and Energy has awarded nine new licenses on the Norwegian Continental Shelf (NCS) to DEA in this year’s Awards in Predefined Areas (APA). Four of the awarded licences are located in the Norwegian Sea, three in the North Sea and two in the Barents Sea. DEA will be operator in […]

Aker BP acquires King Lear discovery

Aker BP acquires King Lear discovery

October 15, 2018 No Comments

Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8 percent interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250 million. Karl Johnny Hersvik, CEO of Aker BP comments: “The King Lear discovery is one of the largest undeveloped discoveries on […]

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 […]

Plans for further development of the Troll field

Plans for further development of the Troll field

July 3, 2018 No Comments

Equinor and the partners in the Troll licence today submitted the plan for further development of the gigantic Troll field on the Norwegian continental shelf (NCS) to the Ministry of Petroleum and Energy. “The third phase of the Troll development realises 2.2 billion barrels of oil equivalent, it has a break-even of less than USD […]

Eni Norge and Point Resources merge into Vår Energi AS

Eni Norge and Point Resources merge into Vår Energi AS

July 2, 2018 No Comments

Eni and leading private equity investor HitecVision announced an agreement to merge Point Resources AS into Eni Norge AS, and renaming the company Vår Energi AS. The combined entity will be a leading independent Norwegian Exploration & Production company, built on the existing organizations and leveraging on complementary strengths. The portfolio of the combined company […]

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