5763 results found for 'cosl statoil'

5763 results found for 'cosl statoil'
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  • Statoil loss widens in 3Q

    26 October 2017
    Business & Finance

    Norwegian oil major Statoil has booked a bigger loss for the third quarter 2017 compared to the one posted a year ago while its revenues and production increased during the period.  Statoil on Thursday reported adjusted earnings of $2.3 billion in the third quarter, up from $0.6 billion in the same period in 2016. After […]

  • LNG plant to serve Alpha mine haul vehicles

    22 September 2014

    Alpha Natural Resources said that Plum Energy will construct a liquefied natural gas (LNG) plant on the property adjacent to Alpha Coal West’s Eagle Butte Mine, near Gillette, Wyoming. The Plum Energy facility will supply LNG to Alpha Coal West’s mine haul vehicles, producing cost efficiencies and fuel savings for its mining operations. Alpha Coal […]

  • Statoil receives approval for Rutil start-up

    13 June 2016

    Norway’s Statoil has received an approval to start-up the facilities on the Rutil deposit on Gullfaks South, in the Norwegian section of the North Sea, and to start producing. Rutil is a gas-filled structure on Statoil-operated Gullfaks South, located in the Tampen area in the North Sea. Rutil will be developed with a standard subsea template […]

  • Statoil, Kongsberg Engage Eelume for New Subsea IMR Robots

    18 April 2016
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Kongsberg Maritime and Statoil have signed an agreement with Eelume, a NTNU spin-off company, to accelerate new technology that could reduce costs related to subsea inspection, maintenance and repair operations. NTNU and Sintef have conducted research on snake robotics for more than 10 years. Eelume is now developing a disruptive solution for underwater inspection and maintenance […]

  • Archer’s North Sea manager: $60 – $70 a barrel might be the right oil price

    13 April 2016

    Archer is a global oil services provider employing more than 5,000 people at 40 locations in 19 countries. The company provides drilling services, well integrity & intervention, plug & abandonment and decommissioning services. Offshore Energy Today has interviewed Mr. Kevin Cowieson, Archer’s business development manager for the North Sea region, on the back of Archer winning the contract to […]

  • Construction kicks off for Johan Sverdrup utilities and living quarters

    31 March 2016

    The construction of utilities and living quarters topside has started for the offshore platform, which will be located at the Statoil-operated Johan Sverdrup field, offshore Norway. Norwegian construction company Kvaerner said the first steel plates for the utility and living quarters (ULQ) topside for the Johan Sverdrup field were cut on Thursday. Norway’s minister of petroleum and energy […]

  • Giant Johan Sverdrup project 70% complete. Break-even down to $15 a barrel

    7 February 2018
    Project & Tenders

    The development of the Johan Sverdrup, a giant offshore oil field in Norway, is 70 percent complete.

  • Statoil writes down Iranian gas project

    24 January 2006

    Due to considerable cost increases and delays in the development of phases 6-7-8 in the Iranian South Pars gas field, Statoil has concluded to write down the book value of its share in the project by NOK 2.2 billion before tax (USD 329 million) corresponding to NOK 1.6 billion (USD 237 million) after tax.

  • 3BL Media: Offshore Wind Power Fuels Renewable Energy Growth (VIDEO)

    30 August 2013

    Renewable energy has been called impractical for its small scale and large expense compared to conventional power production methods. Now, one area of development is answering those criticisms by getting very big to cut costs. New offshore wind facilities now going online are equal in size to the largest gas- or coal-fired power stations. The […]

  • DONG Energy: No Oil, No Gas, No Coal

    2 February 2017
    Business & Finance, Environment

    DONG Energy has decided to entirely phase out the use of coal as fuel at its power stations by 2023. Since 2006, DONG Energy has reduced its coal consumption by 73% and will replace it at the power stations with sustainable biomass to achieve the zero point.

  • Aker Solutions, Statoil Cancel Cat B Rig Contract

    24 June 2013
    Business & Finance

    Aker Solutions ASA and Statoil ASA have cancelled a contract for delivery of a semi-submersible rig capable of year-round well-intervention services on the Norwegian continental shelf. The companies in April 2012 agreed Aker Solutions would build the so-called Category B (Cat B) rig and use it to provide Statoil with a range of well-intervention and […]

  • Aker Solutions and Statoil Cancel Cat B Contract

    24 June 2013
    Business & Finance

    Aker Solutions ASA and Statoil ASA have cancelled a contract for delivery of a semi-submersible rig capable of year-round well-intervention services on the Norwegian continental shelf. The companies in April 2012 agreed Aker Solutions would build the so-called Category B (Cat B) rig and use it to provide Statoil with a range of well-intervention and […]

  • Joint Acquisition of 3D Seismic Data in Barents Sea Starts in April

    11 March 2014
    Business & Finance, Operations & Maintenance

    WesternGeco and PGS have been awarded contracts for seismic acquisition in the southeastern Barents Sea. The surveys cover blocks proposed for the 23rd concession round by the Norwegian Ministry of Petroleum and Energy (MPE) and will in total cover an area of approximately 13,700 square kilometres. Statoil is the operator for a project for joint […]

  • Semi-sub Songa Trym resuming ops in January

    12 December 2014
    Business & Finance, Exploration & Production, Project & Tenders

    Songa Trym, which was recently suspended from operations, is expected to resume operations on or about January 1, 2015.

  • Norway: Statoil Reports Growth in Fourth Quarter of 2011

    8 February 2012
    Business & Finance, Operations & Maintenance

    Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved safety and made important strategic progress in […]

  • Statoil Scraps Kristin Gas Export Project

    9 January 2014

    The Kristin gas export project (KGEP) partners made a decision to terminate the project due to unsustainable economics caused by increased investment costs and increased risk to volume availability. The Kristin gas export project (KGEP) – a pipeline connection between the Kristin field and Polarled – was sanctioned by the KGEP partners (Statoil 53.4%, Petoro […]

  • KBR Inks License Agreement with Daewoo for CatD Drilling Unit

    5 September 2012

    KBR  announced today that its subsidiary GVA has signed a license agreement with Daewoo Shipbuilding & Marine Engineering Co Ltd in Korea for the fabrication of its GVA 4000NCS, CatD Drilling Unit. The concept for the unit is tailor-made by the industry for Statoil primarily for drilling production and well completion in mature fields. Songa […]

  • Statkraft to Start Divesting Sheringham Shoal, Dudgeon Shares in June

    31 March 2017
    Business & Finance

    After fulfilling one of the prerequisites for the sale of its 40% share in the Sheringham Shoal offshore wind farm by transferring the operator role to Statoil, Statkraft will commence the formal divestment process in June, together with that for its 30% share in the Dudgeon offshore wind farm.

  • Siemens: Order Placed for 67 Dudgeon Offshore Wind Turbines

    21 August 2014
    Business & Finance, Technology

    Siemens Energy has received an order from the Norwegian energy utilities Statoil and Statkraft for the Dudgeon Offshore Wind Farm in the UK. Siemens will manufacture, deliver, install and commission 67 Siemens direct-drive wind turbines rated at 6 megawatts (MW) each and equipped with a 154-meter rotor. Installation will start in early 2017. The combined […]

  • Norsafe creates cost-saving davit refit solution

    28 April 2014
    Business & Finance, Equipment

    Implementation of the DNV-OS-E406 requirements has become a costly task for oil and shipping companies. Norsafe Group has introduced a davit refit solution that generates significant financial savings when davit and lifeboat replacements are necessary. “Norsafe’s engineering team has developed a davit cassette adapter that makes it possible to use the new free-fall lifeboats without […]

  • 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 […]

  • Heerema Orders Siemens’s Chloropac System for DolWin1 North Sea Platform (Germany)

    22 July 2011
    Technology

    Heerema Fabrication in Zwijndrecht, a subsidiary of the Heerema Group, has given Siemens Water Technologies the order for the delivery of a Chloropac hypochlorite generator for seawater cooling. The order is worth over half a million Euros. The generator will be used at the North Sea platform DolWin1 and is the first Chloropac system to […]

  • Norway: Statoil Delivered Record Financial Results, CEO Says

    8 February 2012
    Business & Finance

      Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved safety and made important strategic progress […]

  • Aker Solutions Scores Johan Sverdrup Phase 2 FEED

    21 March 2017
    Business & Finance, Operations & Maintenance, Project & Tenders

    Aker Solutions has secured a front end engineering and design (FEED) contract from Statoil for the second phase of the Johan Sverdrup development offshore Norway. The work is for a new processing platform and the bridge that will connect it to the development’s riser platform. The contract also includes the design of a module and […]

  • South Korea: DSME to Build GVA’s CatD Drilling Unit

    5 September 2012
    Business & Finance

    KBR announced that its subsidiary GVA has signed a license agreement with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in Korea for the fabrication of its GVA 4000NCS, CatD Drilling Unit. The concept for the unit is tailor-made by the industry for Statoil primarily for drilling production and well completion in mature fields. Songa […]