10000 results found for 'Norwegian Sea'

10000 results found for 'Norwegian Sea'
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  • Equinor to Recover More from Gullfaks

    16 January 2019
    Business & Finance, Operations & Maintenance, Research & Development

    The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 million barrels. On behalf of the licence partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development and operation (PDO) to the minister of petroleum and energy, Kjell-Børge Freiberg, […]

  • Fishermen Continue Fight Against New York Offshore Wind Farm

    21 September 2017
    Authorities & Government, Business & Finance

    A group of fishing organizations, businesses, and communities, led by the Fisheries Survival Fund (FSF), has moved forward with its lawsuit to halt the leasing of a planned wind farm off the coast of New York.

  • Petronas breaks off helicopter deal with MHS

    19 June 2017

    Malaysian oil company Petronas has terminated a contract for the provision of transportation of personnel to offshore facilities with the helicopter services provider, MHS Aviation.  MHS Aviation, a 51% subsidiary of Boustead Holdings, had received a letter dated June 9, 2017, from Petronas Carigali giving it a 90 days’ notice of Petronas’ intention to terminate without cause contract […]

  • Norway: Lundin Pleased with Avaldsnes’ Sidetrack Results

    18 July 2011
    Business & Finance, Project & Tenders

    Lundin Norway AS (Lundin Norway) a wholly owned subsidiary of Lundin Petroleum AB (Lundin Petroleum) has completed the sidetrack well 16/3-4A of the first appraisal well 16/3-4 on the Avaldsnes discovery in PL501 on the Norwegian Continental Shelf (NCS). A comprehensive data acquisition and sampling program has been acquired from the sidetrack well. The objective […]

  • Statoil Brings Vigdis North-East Field On Stream

    11 March 2013
    Business & Finance

    Statoil and its partners have started production from the Vigdis North-East oil field located in the Norwegian Part of North Sea. “The project adds new and valuable volumes for Statoil and its partners, and we have managed to meet the ambitious schedule and cost frames for this type of fast-track developments,” says Edvin B Ytredal, […]

  • Otto Marine Enters Sale and Charter Agreements for Two AHTS Vessels

    29 July 2013
    Business & Finance

    Otto Marine Limited, an offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, announced that it  has entered into a sale and leaseback deal with a renowned unrelated third party for 2 units of the large Anchor Handling Tug Supply Vessels for US$85 million each. The […]

  • Apache to Use AGR’s RMR on Its Coniston Development, Western Australia

    25 September 2012
    Business & Finance, Equipment

    Apache Energy Ltd has signed up to use AGR’s Riserless Mud Recovery (RMR®) system. Apache will use the RMR® solution for the first time during batch drilling of six top holes on its Coniston Development, offshore Western Australia, pending receipt of all necessary Government and other approvals for the project, which are anticipated later this […]

  • Farstad Shipping turns to fishing market

    2 December 2016
    Business & Finance

    Looking at ways to weather the storm caused by the low oil price, the Norwegian offshore vessel supplier Farstad Shipping has turned to a new market amid depressed offshore vessel chartering.  The company, working on its debt restructuring for months now, said on Friday that Ocean Farming, a subsidiary of the SalMar Group, has awarded Farstad Offshore, […]

  • Lundin Petroleum: Johan Sverdrup Appraisal Successful (Norway)

    3 May 2012
    Business & Finance

    Swedish oil and gas exploration an production company, Lundin Petroleum today says the sidetrack 16/2-11A of the appraisal well 16/2-11 has confirmed good quality in Upper and Middle Jurassic reservoir. The well was drilled some 3.3 km southwest of the discovery well 16/2-6 and 760 metres north east of the 16/2-11 appraisal well. The Johan […]

  • WoodMac sees North Sea exploration comeback and uptick in development expenditure in 2019

    9 January 2019

    According to Wood Mackenzie, five themes that will dominate the market in 2019 include the comeback of North Sea exploration and, although the deal spend will slow, it will remain the seller’s market. WoodMac also sees an uptick in development expenditure in 2019 but production will remain flat. In the end, companies with the lowest-cost projects will be the winners this year.

  • Eidesvik Strikes Vessels Deal with Seabed Geosolution

    8 January 2018
    Business & Finance, Project & Tenders

    Norwegian vessel owner Eidesvik has signed a letter of intent with Seabed Geosolution, a Fugro – CGG joint venture, for the use of Subsea Viking and Vantage. According to the Oslo-listed Eidesvik, the contracts the two vessels should start ultimo January to primo February and the duration is expected to last for the remaining part […]

  • Eni and Vår Energi paying $4.9 billion for Neptune’s entire oil & gas portfolio, bar German business

    23 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Eni and Vår Energi will acquire Neptune’s entire portfolio, aside from its business in Germany, for an aggregate enterprise value of $4.9 billion.

  • NPD Awards 11 Technology Frame Agreements

    19 May 2017
    Business & Finance, Research & Development

    The Norwegian Petroleum Directorate has signed framework agreements with eleven supplier firms representing various technology areas. The contractors will provide professional assistance within their specialty areas, and the NPD will utilise this expertise in its work to follow-up developments on the Norwegian shelf and on operational fields. The framework agreements include: Subsurface technology, reservoir geology and reservoir technology (AGR […]

  • Snorre expansion project audit reveals room for improvement

    14 December 2018

    The PSA has found three improvement points during an audit of subsea deliveries for the Snorre expansion project offshore Norway.

  • Wintershall Dea adds more time to Energy Swan PSV charter

    10 June 2020
    Business & Finance, Business Developments & Projects, Infrastructure, Vessels

    Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has secured another contract extension for its Energy Swan platform supplier with Wintershall Norge.

  • Promising results from Maersk Drilling’s first low-emission rig

    17 December 2020
    Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Infrastructure, Technology, Transition

    After being converted to a low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades.

  • Aker Solutions on Track to Deliver First Johan Sverdrup Draft Report

    26 August 2014
    Business & Finance, Research & Development

    Aker Solutions has assembled one of its biggest engineering teams ever to deliver the initial plans for the engineering and design phase of the giant North Sea Johan Sverdrup oil deposit. The company is on track to deliver the first draft report due in the fourth quarter, a project that has involved 400 employees in […]

  • NCT Offshore, Poseidon Cables to install inter-array links at Taiwanese offshore wind project

    15 November 2024
    Project & Tenders

    Poseidon Cables, a UK-based company specialised in subsea cable installation, termination and testing, has secured a contract with Norwegian subsea services provider NCT Offshore for work on Ørsted’s 920 MW Greater Changhua 2b & 4 offshore wind farms in Taiwan. Last year, NCT Offshore was awarded the installation contract for the 66 kV inter-array cables […]

  • REM Takes NOK 900 Mln Impairment Hit

    26 August 2016
    Business & Finance, Operations & Maintenance

    Norwegian firm REM Offshore has posted second-quarter 2016 net loss of NOK 1.12 billion ($136.5 million), compared to profit of NOK 64.3 million or $7.8 million in a year-ago period. The losses were recognised due to newbuild cancellation costs of NOK 191.7 million, and impairment losses of NOK 898.7 million ($109.5). Excluding these one-off effects, […]

  • CRYO Shipping Unveils New Bunkering Tanker Design

    13 February 2017
    Business & Finance

    Norwegian shipping company CRYO Shipping has developed a new type of tanker design, which would provide clean and cheap bunkers, in an effort to expand its foothold as an LNG feeder and bunker operator. The company aims to establish a fleet of flexible and efficient small-scale liquefied natural gas (LNG) tankers, by conversion of offshore vessels into LNG […]

  • Otto Marine Pens $170 Mln Sale & Leaseback Deal

    29 July 2013

    Otto Marine Limited, (Otto Marine), a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has entered into a sale and leaseback deal with a renowned unrelated third party for 2 units of the large Anchor Handling Tug Supply Vessels for US$85 million each. The […]

  • New Zealand Navy to Get New Dive and Hydrographic Vessel

    23 August 2018
    Project & Tenders

    New Zealand Government has approved the purchase of a dive and hydrographic support vessel for the Royal New Zealand Navy. An 85-meter Norwegian built multi-role offshore support vessel, the MV Edda Fonn, will be purchased to fill an existing capability gap. Following purchase, the Edda Fonn will be outfitted with the dive and hydrographic systems required by the Defence […]

  • Statoil in Shah Deniz Asset Sale

    13 October 2014
    Business & Finance, Operations & Maintenance

    Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company, 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company to the Malaysian oil and gas company PETRONAS. The transaction value is USD 2.25 billion. “Statoil has created significant value by […]

  • Equinor resumes operations at Sture terminal after two-ship collision

    8 November 2018

    Norway’s Equinor resumed operations at the Sture terminal and the Kollsnes plant on Thursday afternoon after being shut down in connection with the collision between two ships.  To remind, the frigate KNM Helge Ingstad and the tanker Sola TS collided at the Sture terminal early on Thursday morning, prompting Equinor to shutdown the terminal and evacuate […]

  • Norway ramps up oil output in September but prognosis misses the mark

    19 October 2017

    Norway’s oil production in September this year was above the one produced in the country in the same period last year but below prognosis due to maintenance works on some fields, according to the Norwegian Petroleum Directorate (NPD).  The government agency reported on Thursday that preliminary production figures for September 2017 show an average daily […]