Tag Archive

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 […]

Equinor awards contract to Akofs

Equinor awards contract to Akofs

June 19, 2018 No Comments

Akofs Offshore has been awarded a contract for light well intervention services using the Akofs Seafarer vessel for all Equinor-operated licences in the period 2020 to 2025. Equinor is the operator of about 560 subsea wells on stream on the Norwegian continental shelf. The wells require maintenance, repairs and new production actions. In 2017 Equinor […]

Wintershall submits Plan for Development and Operation (PDO) for Nova field

Wintershall submits Plan for Development and Operation (PDO) for Nova field

May 16, 2018 No Comments

Wintershall has together with its partners Capricorn, Spirit Energy, Edison and DEA submitted the Plan for Development and Operation for its operated North Sea Nova field (formerly Skarfjell) to the Norwegian Ministry of Petroleum and Energy. The milestone comes on the back of the successful development of Wintershall’s Maria field which the company brought into […]

Proserv Awarded contract by Repsol

Proserv Awarded contract by Repsol

April 17, 2018 No Comments

Proserv has secured a contract worth over $5.5million (45million Norwegian Kroner) with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. The award scope initially covers the refurbishment and upgrade of the existing subsea control system. Using Proserv’s unique technology and expertise, the life […]

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