Norway
News
February 25, 2015
McDermott International and Petrofac have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects.
News
February 24, 2015
Lime Petroleum Norway has entered into an agreement with Tullow Oil Norge to acquire an additional 20% stake in licenses PL591, PL591B and PL591C in the Norwegian Sea.
News
February 24, 2015
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has signed a farm-out agreement with Lime Petroleum Norway, whereby Lime Petroleum will acquire a 30% working interest in PL338C.
News
February 24, 2015
Statoil, on behalf of the Johan Sverdrup partnership, is to sign a contract with Aibel for the construction of the deck for the drilling platform on the field.
News
February 24, 2015
AGR has won a further contract award for its well intelligence software solution, iQx, with Lukoil Overseas North Shelf AS. The contract value is $130,000 (1 million NOK).
News
February 23, 2015
Talisman Energy has received consent from the Petroleum Safety Authority Norway for exploration drilling of well 15/12-24.
News
February 23, 2015
On Feb. 21, Statoil and its partners started up production from Oseberg Delta 2 in the North Sea. The field鈥檚 recoverable reserves are estimated at 77 MMboe.
News
February 20, 2015
The Norwegian Petroleum Directorate (NPD) has announced preliminary production figures for January 2015 indicating an average daily production of about 1,931,000 bopd, NGL and condensate.
News
February 20, 2015
At the start of this year, Holmatro and its Norwegian dealer EIVA-SAFEX jointly supplied 64 cylinders, each with a capacity of 536 tons, to the Statoil operated tension-leg platform (TLP) Snorre A.
News
February 19, 2015
The Norwegian Petroleum Directorate has granted Statoil Petroleum a drilling permit for wildcat well 6706/12-2 in PL128.
News
February 17, 2015
OSLO (Bloomberg) -- Oil exploration in Norway鈥檚 Arctic waters will be cut by half this year as state-controlled Statoil ASA halted drilling in the Barents Sea after crude prices plunged.
News
February 16, 2015
The Norwegian Petroleum Directorate has announced that BG Group, operator of production license 373 S, is in the process of completing the drilling of wildcat wells 34/3-4 S and 34/3-4 A. The wells were dry.
News
February 16, 2015
Norway's Petroleum Safety Authority has now given BP Norge consent for gas lift at Valhall IP.
News
February 16, 2015
KANFA, a subsidiary of Sevan Marine, has been awarded a LOA for the EPC contract for four process modules for the FPSO Yinson Production.
News
February 13, 2015
Statoil and its partners, on Feb.13, will submit the plan for development and operation (PDO) for Johan Sverdrup, phase one, to the Norwegian Ministry of Petroleum and Energy.
News
February 13, 2015
Eni Norge has entered into a contract with TOOLS for the provision of services and supplies to the Goliat FPSO, leading to a further buildup of activity for the supplier in Hammerfest.
News
January 14, 2015
STOCKHOLM, Sweden (Bloomberg) -- Lundin Petroleum and Statoil ended talks on jointly building an oil terminal in Norway鈥檚 Arctic, dealing a blow to the nation鈥檚 hopes of creating a hub for Barents Sea fields in an effort to revive its falling output. Stockholm-based Lundin鈥檚 Alta and Gohta discoveries are too far from Statoil鈥檚 Johan Castberg deposits to warrant joint development, and the resource estimate for the Swedish explorer鈥檚 discoveries is too uncertain to commit to any investments in an onshore oil terminal or pipelines, said Ashley Heppenstall, its CEO.
News
January 13, 2015
EDINBURGH, United Kingdom -- Despite the dramatic fall in oil prices in the last quarter, Wood Mackenzie's annual review of Norway's upstream oil and gas sector shows that on the surface 2014 was business as usual for the country's buoyant upstream sector. Sustained high oil prices for the majority of 2014 ensured that exploration continued apace, capital spend cooled only a little, M&A activity was at record levels and production even increased for the first time in over a decade. However, the slump in oil prices towards the end of the year means that the outlook for 2015 is a different story, as Wood Mackenzie warns that cuts in exploration and development spend will be substantial -- and creating value from deals done in 2014 becomes more of a challenge.
News
January 08, 2015
OSLO, Norway (Bloomberg) -- Statoil ASA could be forced to delay its Johan Castberg project in Norway鈥檚 Arctic waters for a third time after oil prices dropped by more than half since June. 鈥淚t remains to be seen whether we鈥檙e able to come up with a good enough solution within the timeframe that鈥檚 been set,鈥 Eldar Saetre, Statoil鈥檚 acting CEO, said in an interview in Oslo. 鈥淭here鈥檚 a situation that forces us to make tough prioritizations.鈥
News
December 23, 2014
PARIS (Bloomberg) -- Total SA and its partners will use a record 16 ice-breaking tankers to smash through floes en route to and from the Arctic鈥檚 biggest LNG development. They鈥檙e still looking for a way around a freeze in U.S. financing. With 22 wells drilled, and a runway and harbor built for the $27 billion project in Russia鈥檚 Yamal Peninsula, where temperatures can reach 50 degrees below zero Celsius, Total, OAO Novatek and China National Petroleum Corp. have little choice but to push ahead.
Article
November 2014
The Arctic region presents great opportunities and major challenges, both technical and political