5792 results found for 'cosl statoil'

5792 results found for 'cosl statoil'
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  • Statoil Reports Profit Fall

    28 July 2015
    Business & Finance

    Statoil delivered adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter.  Statoil reported net income in accordance with IFRS of NOK 10.1 billion, including gains from divestments. “In the second quarter, Statoil delivered encouraging operational performance with good production growth and high regularity, whilst continuing […]

  • IKM Starts Remote WROV Ops in Norway

    13 June 2017
    Equipment

    IKM has started a commercial onshore controlled ROV operations at its headquarters in Bryne Norway. In the near future up to three work class remotely operated vehicles (ROVs) and one observation ROV on Statoil’s Snorre B and Visund installations will be controlled from IKM Subsea’s onshore control center. One of the work class ROVs, the RROV, has been designed […]

  • Norway: Statoil’s First Fast-Track Project Visund South Moves Ahead

    27 May 2011
    Business & Finance, Equipment, Operations & Maintenance

    Statoil’s first fast-track –project – Visund South – is moving ahead as planned. The seabed template has commenced its journey out to the field located south of Gullfaks in the North Sea. “We submitted the plan for development and operation of Visund South in January. Now, four months later, we’ve built the first seabed template […]

  • PSA Norway Accomplishes Audit of Maintenance Management on Brage

    20 July 2011
    Business & Finance

    From 14-17 June 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit of maintenance management on Brage. Background During the audit in 2010, the status of maintenance management in Statoil EPN and associated challenges was presented to us in several meetings. It emerged that Statoil EPN has challenges with e.g. handling a large […]

  • Expro Nets USD 200 Mln Statoil Contract

    12 January 2015
    Operations & Maintenance, Project & Tenders

    Expro has secured a significant Europe CIS (Commonwealth of Independent States) contract, providing fully integrated well testing and fluid sampling services for Statoil Petroleum AS in the Norwegian Continental Shelf (NCS). Starting on 1st January 2015, the initial 4-year contract is valued at $200 million with options to extend for a further 6 years. The […]

  • Statoil Confirms Wireline Tractor Services Contracts (Norway)

    10 October 2012
    Business & Finance, Equipment

    Welltec and Aker Well Services will deliver solutions for equipment deployment and maintenance in horizontal wells on more than 40 installations on the Norwegian continental shelf. This technology is important to increase recovery on Statoil’s fields offshore. Statoil has, together with its partners, awarded Welltec and Aker Well Service AS wireline tractor services contracts for […]

  • Gassco Takes Over at Polarled Pipeline

    4 May 2017
    Business & Finance, Operations & Maintenance

    Statoil has transferred the operatorship for the Polarled pipeline to Gassco. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in Møre og Romsdal was delivered NOK 4.5 billion below budget. Polarled is the first subsea pipeline crossing the Arctic circle on the Norwegian continental shelf, opening a new freeway […]

  • Statoil’s second quarter profit falls on lower oil prices

    28 July 2015

    Norwegian oil and gas giant Statoil has reported net income of NOK 10.1 billion ($1.2 billion) in the second quarter of 2015, compared to NOK 12 billion ($1.5 billion) in the same period in 2014.  “In the second quarter, Statoil delivered encouraging operational performance with good production growth and high regularity, whilst continuing to reduce cost. […]

  • Statoil Falls Short at Korpfjell

    29 August 2017
    Business & Finance, Operations & Maintenance

    Statoil and partners have proven a small, non-commercial gas volume in the Korpfjell well in the Barents Sea southeast. Korpfjell is the first exploration well drilled in the Norwegian section of a formerly disputed area between Norway and Russia. “Korpfjell is a structure of a size seldom seen on the Norwegian Continental Shelf and has […]

  • Norway: Statoil’s two new offshore developments to see $2.4B investment

    27 March 2017
    Project & Tenders

    Oil giant Statoil on Monday handed over field development plans to Norwegian authorities for two fields in the Norwegian Sea, which will see an investment of around NOK 20 billion ($2.4 billion).  Namely, Statoil, on behalf of the partnerships in the licences, submitted a revised plan for development and operation of the Njord field and a […]

  • Statoil submits plan for Snorre expansion project

    21 December 2017
    Business & Finance, Project & Tenders

    Statoil is on Thursday submitting the plan for development and operation (PDO) of the Snorre expansion project off Norway to the Norwegian authorities.

  • NPD Favors Unmanned Platforms Option After Rambøll Study

    6 April 2016
    Research & Development

    Rambøll Oil & Gas has submitted a study which sheds light on the advantages and disadvantages of unmanned wellhead platforms. The study was commissioned by the Norwegian Petroleum Directorate (NPD), which has taken a positive view of unmanned wellhead platforms, considering concepts of this type to be an important contribution to good resource utilization and an […]

  • COSL Reports Increased Revenues (China)

    21 August 2012
    Business & Finance

    China Oilfield Services Limited announced its unaudited results for the six months ended 30 June 2012. During the first half of 2012, a volatile global economy, coupled with jittery oil prices, established a challenging operating environment for the Group. Faced with these challenges, the Group adopted a market oriented approach, optimized allocation of its resources, […]

  • WATCH: Åsgard Subsea Compression Ribbon-Cutting Ceremony

    20 October 2015
    Business & Finance, Equipment, Operations & Maintenance

    The world’s first subsea gas compression system went on stream September 17 at the Statoil-operated Åsgard field in the Norwegian Sea. The video above shows the official opening and ribbon-cutting ceremony for the Aker Solutions-built Åsgard subsea gas compression plant. Aker Solutions in December 2010 was awarded the contract by Statoil to deliver the system, […]

  • Norway Approves Asgard Subsea Compression

    27 March 2012
    Business & Finance, Equipment

    The development of the Åsgard subsea gas compression was approved in the Storting (Norwegian parliament) on 27 March 2012. This signals the start for implementation of one of Statoil’s most demanding technology projects aimed at improving recovery.   Åsgard subsea gas compression will increase recovery from Mikkel and Midgard by around 280 million barrels of […]

  • GE to Upgrade Subsea Production Control System for Troll B Field

    14 January 2014
    Equipment, Project & Tenders

    Demonstrating how GE technology helps operators extend the life of aging offshore production equipment, GE Oil & Gas is supplying Statoil Petroleum AS with its fifth generation SemStar5 Subsea Electronics Module to upgrade and extend the life of the subsea production control system for the Troll B field. GE Oil & Gas designed, built and […]

  • Investigation finds flaws on COSL rig after fatal incident

    8 April 2016
    Exploration & Production

    Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has revealed the results of its investigation of a fatal incident on board the COSLInnovator rig that occurred in December 2015, offshore Norway.  At the time of the incident, the COSL Innovator, built in 2011 and owned by COSL Drilling, was working for the Norwegian oil company […]

  • Total, Statoil take over Cobalt’s Gulf of Mexico discovery

    11 April 2018

    Norway’s Statoil and France’s have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate purchase price of $339 million.

  • Statoil Plans Norwegian Shelf Projects Modifications Worth $1,5 Billion

    6 January 2011
    Business & Finance

    Statoil has planned 990 modification projects on the Norwegian continental shelf in 2011, with a price tag totalling NOK 9 billion (Approximately USD$1,52 bln). The modifications will improve health, safety and the environment (HSE) – as well as earnings from the installations. Appropriations for modification work have been consistently high for a number of years […]

  • Expro inks new contract with Statoil

    12 January 2015
    Business & Finance, Exploration & Production

    Expro, an international oilfield services company, has secured a significant Europe CIS (Commonwealth of Independent States) contract, providing fully integrated well testing and fluid sampling services for Statoil Petroleum AS in the Norwegian Continental Shelf (NCS). Starting on January 1, 2015, the initial 4-year contract is valued at $200 million with options to extend for a […]

  • GE to Upgrade Troll B Subsea Production Control System

    14 January 2014
    Business & Finance

    Demonstrating how GE technology helps operators extend the life of aging offshore production equipment, GE Oil & Gas is supplying Statoil Petroleum AS  with its fifth generation SemStar5 Subsea Electronics Module to upgrade and extend the life of the subsea production control system for the Troll B field. GE Oil & Gas designed, built and […]

  • Dominion Seeks Approval for Gas Power Station, USA

    5 November 2012

    Dominion Virginia Power asked its Virginia regulator to approve construction of a 1,358-megawatt combined cycle, natural gas-fired power station that would serve growing customer demand and replace electricity from aging coal-fired power stations that are being retired for economic and environmental reasons. If approved by the Virginia State Corporation Commission (SCC), the $1.3 billion power […]

  • Tordis and Vigdis Subsea Fields Achieve Production Milestone ‎ (Norway)

    15 February 2011

      Tordis and Vigdis, subsea fields in the North Sea, recently achieved production of a hundred million cubic metres oil. And there’s still a lot more to come. They’ve worked hard and steadily on the seabed for years; Tordis since 1994, Vigdis since 1997. They recently notched up an overall production of 100 million cubic […]

  • Statoil: Statfjord field passes five billion barrels mark

    19 September 2016
    Project & Tenders

    Norway’s minister of petroleum and energy Tord Lien together with Statoil, Centrica, and ExxonMobil celebrated the five billion barrels of oil equivalent delivered by Statfjord since first oil in 1979. Statfjord was discovered by Mobil in 1974. Statoil assumed the operatorship for Statfjord on January 1, 1987. The Norwegian oil major has a 44.34 percent […]

  • Gallery: Statoil puts first subsea gas compression plant in the world online

    17 September 2015
    Equipment, Project & Tenders

    Statoil and its partners this week put the first subsea gas compression facility online at Åsgard in the Norwegian Sea. Subsea compression will add some 306 million barrels of oil equivalent to total output over the field’s life. “This is one of the most demanding technology projects aimed at improving oil recovery.  We are very […]