344 results found for 'Aasta Hansteen'

344 results found for 'Aasta Hansteen'
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  • Statoil Plans Norne Life Extension

    9 January 2015
    Business & Finance, Operations & Maintenance

    Statoil has announced the ambition to extend the life of the Norne field to 2030, despite it being initially scheduled to shut down during 2014. The Norne field came on stream on 6 November 1997, and the initial development plans called for the field to be shut down during 2014. But the Norne adventure is […]

  • Commercial volumes not present in new gas discovery off Norway

    20 September 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    OMV has made a new gas discovery at an exploration well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

  • Equinor’s oil & gas output to drop while it shuts in fields as offshore workers go on strike

    5 July 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital, Outlook & Strategy, Regulation & Policy, Rules & Regulation

    Equinor has shut down production at three fields off Norway and revealed plans to do the same with four more due to oil & gas workers’ strike.

  • As Shell divests its stake in Norway’s ‘largest undeveloped gas discovery,’ Equinor snaps it up

    14 December 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Shell is in the process of selling its interest in a giant gas discovery on the Norwegian Continental Shelf (NCS) to Equinor.

  • Wintershall CEO stresses importance of Norway

    16 October 2018

    Mario Mehren, CEO of the German oil and gas company Wintershall has deemed Norway as an important part of the company’s future production goals.

  • ConocoPhillips lifts 4Q profit. Sets aside $6.1 billion to spend in 2019

    31 January 2019

    U.S. oil company has reported fourth-quarter 2018 earnings of $1.9 billion, an increase compared with fourth-quarter 2017 earnings of $1.6 billion. Excluding special items, fourth-quarter 2018 adjusted earnings were $1.3 billion compared with fourth-quarter 2017 adjusted earnings of $0.5 billion. ConocoPhillips said special items for fourth quarter 2018 quarter included a gain from the sale […]

  • Norway: Statoil Records Solid Q2 Results

    25 July 2013

    Statoils second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. “Statoil delivered an operationally solid quarter. We produced as planned, delivering record production from our portfolio outside Norway. We are on track and maintain our guidance for 2013,” says Helge Lund, Statoil’s president and CEO. “Our financial results were […]

  • Statoil Delivers Strong Earnings from International Portfolio

    25 July 2013
    Business & Finance, Operations & Maintenance

    Statoil’s second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. “Statoil delivered an operationally solid quarter. We produced as planned, delivering record production from our portfolio outside Norway. We are on track and maintain our guidance for 2013,” says Helge Lund, Statoil’s president and CEO. “Our financial results […]

  • Wintershall Dea sheds infrastructure assets in Norway to focus on upstream

    1 October 2019
    Business & Finance

    Wintershall Dea has agreed to sell its 5.0304% interest in the Nyhamna terminal to CapeOmega and its 13.255 % interest in the Polarled pipeline to Solveig Gas Norway.

  • Statoil reschedules Mariner start-up due to topside construction delay

    28 October 2015
    Exploration & Production, Project & Tenders

    Statoil on Wednesday announced it would delay the start of production from the Mariner field, in the UK North Sea, from 2017 to the second half of 2018.  In addition, the Norwegian oil and gas giant said on Wednesday, in its 3Q 2015 results report, it would delay production start from the Aasta Hansteen project located […]

  • Statoil to extend life of Norne field

    9 January 2015
    Project & Tenders

    Norway’s Statoil has informed that although it was initially scheduled to be shut down during 2014, the ambition is now to extend the life of the Norne field, located in the Norwegian Sea, to 2030. The Norne field came on stream on November 6, 1997, and the initial development plans called for the field to be shut down during […]

  • Statoil Announces Exciting Exploration Plans for NCS in 2014

    7 November 2013
    Business & Finance, Operations & Maintenance

    Statoil announces an exciting exploration programme in Norway also in 2014, building on the exploration successes of recent years. Statoil plans to drill 20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of which around two-thirds will be Statoil-operated. “Statoil’s exploration success rate on the Norwegian continental shelf has been over 70% the […]

  • Highlights of the Week

    12 October 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (October 6 – October 12).         Chiyoda Corporation, Xodus Group and Saipem International BV, a subsidiary company of Saipem Spa, have joined forces to set up a subsea engineering company named Xodus Subsea. Xodus Subsea plans to challenge the largest […]

  • Statoil to Drill 20 to 25 Exploration Wells in Norway Next Year

    7 November 2013

    Statoil has announced “an exciting exploration programme in Norway also in 2014, building on the exploration successes of recent years.” Statoil plans to drill 20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of which around two-thirds will be Statoil-operated. “Statoil’s exploration success rate on the Norwegian continental shelf has been over 70% […]

  • Statoil: Investment Level on NCS to Remain High

    15 May 2014
    Business & Finance, Research & Development

    In times when the oil and gas industry must live with lower profits and higher costs, cooperation is key to success. Directing much of its efforts towards the Norwegian continental shelf (NCS), Statoil needs the support of their cooperation partners. “The investment level on the NCS reached an all-time high in 2013. Since 2010, Statoil […]

  • Field bearing name of god from Norse mythology to be tied back to existing FPSO

    6 December 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    Equinor has submitted a plan for the development and operation (PDO) of a Norwegian Sea field to Norway’s Ministry of Petroleum and Energy.

  • Statoil Revenues Increase in 2Q (Norway)

    26 July 2012
    Business & Finance

    Statoil’s second quarter 2012 net operating income was NOK 62.0 billion, a 2% increase compared to NOK 61.0 billion in the second quarter of 2011. “Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compared to the same period last year. […]

  • Norway: Statoil Increases Oil and Gas Production by 17 pct in 2Q

    26 July 2012
    Business & Finance

    Statoil’s second quarter 2012 net operating income was NOK 62.0 billion, a 2% increase compared to NOK 61.0 billion in the second quarter of 2011. “Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compared to the same period last year. […]

  • Lower Activity Levels Hit Subsea 7 Profit

    11 November 2015
    Business & Finance, Operations & Maintenance

    Subsea 7 announced revenue for the third quarter 2015 of $1.2 billion, a decrease of $702 million compared to the prior year quarter. Adjusted EBITDA of $351 million and margin of 29.2% reflected significant progress on several projects and included positive contribution from projects in the final stages of execution. Adjusted EBITDA included a $36 […]

  • Statoil: Minister of EEA and EU affairs visits Troll A platform

    22 October 2015
    Equipment, Exploration & Production

    Vidar Helgesen (Conservative Party of Norway), minister of European Economic Area (EEA) and EU affairs, has paid a visit to the Statoil-operated ‘Troll A’ platform, in the Troll field, located in the Norwegian part of the North Sea. The reason behind the visit was the start-up of the two new giant compressors on the Troll A platform in […]

  • Subsea 7 4Q profit slides 52 pct

    5 March 2014
    Business & Finance

    Offshore oilfield services provider Subsea 7 today reported a 52 per cent fall in its fourth quarter of 2013.

  • Statoil Sells 2.65 Billion Worth of Offshore Assets to OMV

    19 August 2013
    Business & Finance

    Statoil ASA has signed an agreement to divest minority interests in the Gullfaks and Gudrun fields offshore Norway and exit the non-core, non-operated Schiehallion and Rosebank fields, West of Shetlands. In addition to the cash consideration of USD 2.65 billion, the transaction with Austrian oil and gas company OMV includes a contingent payment and involves […]

  • Statoil to Sell Interest in Norwegian and UK Assets

    19 August 2013
    Business & Finance, Operations & Maintenance

    Statoil ASA has signed an agreement to divest minority interests in the Gullfaks and Gudrun fields offshore Norway and exit the non-core, non-operated Schiehallion and Rosebank fields, West of Shetlands. In addition to the cash consideration of USD 2.65 billion, the transaction with Austrian oil and gas company OMV includes a contingent payment and involves […]

  • Statoil: Rising costs on NCS in focus at energy seminar in Bergen

    15 May 2014
    Business & Finance, Project & Tenders

    Statoil’s executive vice president for Development and Production Norway, Arne Sigve Nylund, together with Margareth Øvrum, executive vice president for Technology, Projects and Drilling, presented Statoil’s views on what it takes to achieve profitable production from the Norwegian Continental Shelf in the future. “The investment level on the NCS reached an all-time high in 2013. […]

  • Lower Production and Reduced Prices Impact Statoil’s Earnings

    2 May 2013
    Business & Finance, Operations & Maintenance

    Statoil’s first quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. “We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 2013 will be lower than in 2012. We are on track to […]