5791 results found for 'cosl statoil'

5791 results found for 'cosl statoil'
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  • Higher oil prices, cost cuts lift Statoil to 2Q profit

    27 July 2017

    Norwegian oil company Statoil has managed to return to profit in the second quarter of 2017, helped by higher oil prices and cost cuts. The company’s net income for the second quarter 2017 was $1,43 billion, compared to a loss of $302 million a year ago. “Our solid financial results and strong cash flow are […]

  • Statoil gets new acreage to explore off Indonesia

    18 March 2015
    Business & Finance

    Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia. The licence covers an area of approximately 8,300 square kilometres, adjacent to Statoil’s existing exploration acreage in the Aru and West Papua IV licences. Statoil will operate the licence with a 100% working interest. “This is a low-cost access into […]

  • Germany should switch coal with natural gas, Statoil CEO says

    25 June 2014

    There is a large potential for Germany to cut its climate emissions in a cost-effective way through the increased use of natural gas, said Statoil CEO Helge Lund at a joint Statoil/Wintershall event in Berlin on 24 June. Switching from coal to gas in the power sector is the most significant option to cut emissions, […]

  • Statoil to save another $1 billion in further cost-cutting push

    17 March 2017

    Norwegian oil and gas giant Statoil will reduce its costs by another $1 billion during 2017. The oil company on Friday presented its annual report for 2016 where it said it expects to achieve an additional $1 billion in efficiency improvements in 2017 for a total of $4.2 billion. While oil prices in 2016 increased over $30 […]

  • COSLPromoter Arrives in Norwegian Waters

    10 August 2012
    Business & Finance

    COSLPromoter, the semi-submersible platform which was delivered on 25 April by COSL Drilling Europe AS, a wholly-owned subsidiary of China Oilfield Services Limited, has arrived in Norwegian waters. The voyage, which took 79 days and covered 15,097 nautical miles, was successfully completed with efforts from all crew members. Upon receipt of relevant certificates and completion […]

  • Maersk Oil hires ‘COSLRigmar’

    6 July 2015
    Business & Finance, Exploration & Production

    COSL Drilling Europe has reportedly secured a contract for its rig COSLRigmar with Maersk Oil. The COSLRigmar is a self-elevating jack-up accommodation rig built in 1979 and designed to operate in water depths up to 85 meter. The rig was converted to accommodation unit in 1992 in Brevik, Norway and is classed by Det Norske Veritas: Class 1A1 […]

  • Statoil Supends Brugdan II Drilling Due to Bad Weather (Faroe Islands)

    27 November 2012

    Statoil and its partners ExxonMobil and Atlantic Petroleum have decided to temporarily suspend operations on the Brugdan II well offshore the Faroe Islands. The Brugdan II well has drilled into the sub-basalt section, but the primary objective has not yet been reached. “The decision to suspend the drilling is based on the expected bad weather […]

  • Offshore safety watchdog revokes COSL rig order

    8 July 2016
    Exploration & Production

    The Petroleum Safety Authority Norway (PSA) changes the investigation report and its conclusion which stated that the structural design and dimensioning of COSLInnovator were not in accordance with the regulations at the time of the accident on December 30, 2015 in which one person died. At the time of the incident, COSL Drilling’s 2011-built COSLInnovator […]

  • Tentacle-like subsea robot seeks to slash offshore inspection costs and improve personnel safety (Video)

    4 September 2025
    Automation, Business & Finance, Business Developments & Projects, Collaboration, Equipment, Infrastructure, Outlook & Strategy, Research & Development, Safety, Technology, Vision

    A UK-Brazilian partnership has developed a tentacle-like underwater robot that could remove the need for large vessels and human divers for offshore inspections and enable smaller underwater vehicles to perform sophisticated inspection tasks, thereby reducing operational costs and improving personnel safety and environmental sustainability. Developed through a collaboration between the UK’s National Robotarium and Senai […]

  • Statoil CEO: Norwegian shelf attractive even in low-carbon world

    6 December 2016

    Statoil CEO Eldar Saetre feels the Norwegian Continental Shelf will not lose attractiveness even in the low-carbon future. Also, he feels there’s been much talk, an not enough action when it comes to the climate change. “In a low-carbon future, we need oil & gas producers who can deliver energy at low cost, with low […]

  • Nexans Supplies Umbilicals for Statoil’s North Sea Project

    19 September 2013
    Business & Finance, Equipment

    Nexans, a France-based expert in the cable industry, has been awarded an 8 million Euro contract by Statoil to supply the static umbilicals for the Gullfaks Rimfaksdalen project in the Norwegian North Sea. This is the fourth Statoil project in quick succession to feature the new standardized fast-track umbilical design developed by Nexans and follows […]

  • CIMC Raffles Starts Construction of COSL Prospector Semi (China)

    3 July 2012

    CIMC Raffles informs that the construction of COSL Prospector semi-submersible drilling rig has begun in Yantai City, China. Mr. Li Yong, Chief Executive Officer and President of COSL, and representatives from the rig’s contractor CIMC Raffles, China Classification Society （“CCS”）, Det Norske Veritas （“DNV”） and the designer Greland Group, etc. attended a ceremony marking the […]

  • Statoil Discovers Gas Near Visund Field in North Sea

    13 June 2013

    Statoil Petroleum AS, operator of production licence 120, has completed drilling of wildcat well 34/8-15 S. The well proved gas. The well was drilled on the northeast flank of Visund in the northern part of the North Sea. The objective of the well was to prove petroleum in Middle Jurassic reservoir rocks (the Brent Group), […]

  • Most popular articles of the week, September 15 – 21, 2014

    21 September 2014

    Death on FSO, Jobs slashed in Norway, Oil discovery in Angola, Scotland votes No, No crocs on choppers, NCS rig overcapacity, Exxon drilling halt in Russia, Qataris swoop for Keppel rig…

  • Nexans Supplies Umbilicals for Statoil’s Gullfaks Rimfaksdalen Gas Project

    19 September 2013
    Business & Finance, Equipment, Project & Tenders

    Nexans, a worldwide expert in the cable industry, has been awarded an 8 million Euro contract by Statoil to supply the static umbilicals for the Gullfaks Rimfaksdalen project in the Norwegian North Sea. This is the fourth Statoil project in quick succession to feature the new standardized fast-track umbilical design developed by Nexans and follows […]

  • Statoil to Supply Natural Gas from NCS to SSE’s Peterhead Gas Power Plant in UK

    7 June 2011
    Business & Finance

    Statoil and SSE (Scottish and Southern Energy plc) have agreed to enter into a 10 year gas supply agreement to an existing power plant. The companies have signed a heads of agreement for an annual volume of 0.5 billion cubic metres of natural gas, to SSE’s Peterhead gas power plant in Aberdeenshire in Scotland. The […]

  • Offshore rig struck by giant wave in 2015 returns to work

    11 July 2017
    Business & Finance, Exploration & Production

    Lundin Petroleum has hired the COSL Innovator semi-submersible drilling rig for one well offshore Norway. The contract is expected to start in March 2018. Lundin will have an option to extend the contract for eight more wells. “This is another fantastic news to give our organization. We are proud and humbled to be trusted by […]

  • Statoil Signs HOA with SSE for Gas Supply (UK)

    7 June 2011

      Statoil and SSE (Scottish and Southern Energy plc) have agreed to enter into a 10 year gas supply agreement to an existing power plant. The companies have signed a heads of agreement for an annual volume of 0.5 billion cubic metres of natural gas, to SSE’s Peterhead gas power plant in Aberdeenshire in Scotland. […]

  • Aker Solutions awarded 5-year Johan Sverdrup work

    21 January 2015
    Business & Finance, Equipment

    Aker Solutions will provide engineering, procurement and management assistance (EPMA) services for five years at the Statoil-operated Johan Sverdrup development in the Norwegian North Sea. The EPMA work, valued at NOK 4.5 billion ($586.7 million), is part of a 10-year framework accord announced in December 2013 and comes after Statoil decided to exercise an option. […]

  • Statoil Orders Umbilicals from Nexans for Its NCS Fast-Track Projects

    12 December 2012

    Nexans, a worldwide expert in the cable industry, has been awarded a 45 million Euro contract by Statoil to supply static and dynamic umbilicals for three fast-track projects on the Norwegian Continental Shelf – the Oseberg Delta field (North Sea), the Snøhvit gas field (Barents Sea) and the Smørbukk Sør (Norwegian Sea). Nexans’ specialized facility […]

  • Nexans Supplies Umbilicals for Statoil’s Norwegian Offshore Fields

    12 December 2012
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Nexans, a worldwide expert in the cable industry, has been awarded a 45 million Euro contract by Statoil to supply static and dynamic umbilicals for three fast-track projects on the Norwegian Continental Shelf – the Oseberg Delta field (North Sea), the Snøhvit gas field (Barents Sea) and the Smørbukk Sør (Norwegian Sea). Nexans’ specialized facility […]

  • Statoil: Coal Emissions Higher than Those from Oil and Gas (Norway)

    19 November 2012

      “One of the great challenges of our time is to meet the world’s increasing demand for energy, while at the same time tackling the global climate challenges in a responsible manner,” says Statoil CEO Helge Lund at the 2012 Autumn Conference. Statoil believes that more forceful international measures are necessary in order to reduce […]

  • Statoil Buys Stake in Mariner Field Offshore UK

    23 September 2010
    Business & Finance

    Statoil and Nautical Petroleum have today signed an agreement whereby Statoil will acquire 20.67% of Nautical Petroleum’s interest in UK offshore licence P335 containing the Mariner field. This strengthens Statoil’s position as operator, and together with its 81.6% in Bressay gives Statoil a more aligned equity interest in the region. Statoil’s share in Mariner after […]

  • Rosneft and Statoil start drilling ops in Sea of Okhotsk (Gallery)

    2 June 2016
    Exploration & Production, Project & Tenders

    A joint venture between a Russian and Norwegian oil company, Rosneft and Statoil, has started drilling the exploration well in the Sea of Okhotsk. The Sea of Okhotsk lies south of the Arctic zone boundary and the sea depth on the drilling site is less than 150 m. The signal to begin drilling was given […]

  • WATCH: Gullfaks Subsea Wet Gas Compressor Installed

    3 July 2015
    Operations & Maintenance, Research & Development

    After several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Gullfaks C platform in the North Sea. In May and June Gullfaks subsea compressor project (GSC) completed successful structure and module installation campaigns for the subsea station. The compressors were installed at […]