341 results found for 'johan castberg'

341 results found for 'johan castberg'
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  • Kvaerner ‘on track’ with 2018 targets. Few near-term projects up for bidding

    11 July 2018

    Norway’s Kvaerner has said the company is on track to reach its full-year financial target, keeping itself busy with current projects, and looking to add more work in the upcoming period.

  • PSA Norway: Everyone wants to head for the far north

    5 March 2014
    Business & Finance, Project & Tenders

    The PSA is putting on its gloves, zipping up its jacket and gearing up for the year to come.

  • Transocean rig trio’s ongoing drilling gigs get an encore

    13 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Transocean has landed a new set of contract extensions for three floaters, encompassing one drillship and two semi-submersible rigs, working off the coast of India, Norway, and Australia.

  • 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 […]

  • Kvaerner boss leaves to take over as CEO of Aker Energy

    23 February 2018
    Business & Finance

    Jan Arve Haugan will resign as President & CEO of Kvaerner and will from March 1 2018 start his new role as CEO of the newly established oil company Aker Energy.

  • Statoil to drill more exploration wells in 2017

    4 January 2017

    Norwegian state-owned oil giant Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30 percent compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS), Statoil said on Wednesday. “Taking advantage of our own improvements and changed market conditions, we have been […]

  • Norway must explore and discover more to maintain production, report says

    21 June 2018

    Production of oil and gas in Norway will increase going forward but new and larger discoveries have to be made in order to maintain the same level after the mid-2020s.

  • 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.

  • SembMarine: E&P capex growth not translating into rig orders

    25 October 2018
    Exploration & Production

    Offshore rig and platform builder Sembcorp Marine posted a net loss in the third quarter of 2018 citing persisting ebb in business volume.

  • 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 […]

  • Aker Solutions bags Troll and Askeladd subsea awards

    23 January 2018
    Business & Finance, Equipment

    Statoil has awarded EPC contracts for the delivery of subsea production systems and services for the Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea, respectively, to Aker Solutions.

  • Equinor’s Norwegian activity across energy and decarbonization realms remaining ‘robust’ up to 2035

    4 April 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Equinor has set its cap on upping its activity ante in Norway within its operated fields, onshore facilities, and exploration and development projects alongside those for renewable and low-carbon solutions, creating further ripple effects like the multibillion-dollar worth of goods and services procured in 2024.

  • Statoil: Lower Output and Reduced Prices Affect 1Q Earnings

    2 May 2013

    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 […]

  • Norway’s oil and gas production to increase from 2020, NPD says

    10 January 2019

    The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023.

  • 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. […]

  • Point Resources and Eni Norge Finalize Merger

    10 December 2018
    Business & Finance, Research & Development

    Point Resources and Eni Norge have concluded the merger between the two companies, after receiving appropriate approvals. The two companies have joined forces to create Vår Energi, with a new organisation of about 800 employees. Vår Energi is an independent exploration and production (E&P) company, with a net production rate of more than 170 000 barrels […]

  • SembMarine: Offshore spending rising, but not for new rigs. New orders expected in production units segment

    20 February 2019
    Business & Finance, Exploration & Production, Infrastructure

    Singapore’s offshore platform and rig builder Sembcorp Marine sees improvements in global spending on offshore exploration and production, however, it does not expect this to reflect on its near-term business volume.

  • FPSO nearing completion but changes made to North Sea oil project’s start-up date

    13 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Vår Energi has revised its timeline for the first oil from a field life extension project in the North Sea offshore Norway.

  • Faroe: Fogelberg drilling a success. Tie-back planned to Asgard B

    29 June 2018

    Spirit Energy has successfully completed a sidetrack well (6506/9-4 A) and a production test following the drilling of the downdip appraisal well (6506/9-4 S) on Fogelberg discovery in the Norwegian Sea.

  • Wheels are in motion for Rosebank oil project off Shetland

    23 February 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Project & Tenders, Transition, Vessels

    Wheels are in motion for the Equinor-operated Rosebank project located West of Shetland, one of the largest undeveloped fields on the UKCS.

  • Kvaerner, Aker Solutions, and Samsung to work together on FPSO projects

    12 December 2019
    Business & Finance, Infrastructure

    Kvaerner has revealed its plan to grow annual revenues to above NOK 10 billion ($1.1B) for the year 2023. In addition, Kvaerner has entered into an agreement with Samsung Heavy Industries and Aker Solutions for the joint delivery of  FPSO contracts.

  • Sembcorp Marine’s yard workforce down from 20,000 to 850 due to COVID-19 restrictions

    13 May 2020
    Authorities & Government, Business & Finance, Business Developments & Projects

    Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000 to only 850 workers following movement restriction measures implemented due to the coronavirus pandemic.

  • SBM Offshore posts higher 1Q revenue

    16 May 2019
    Infrastructure

    Dutch FPSO specialist SBM Offshore has reported a rise in directional revenue for the first quarter of 2019, boosted by the turnkey segment of the business.

  • Wood Mackenzie: Exploration to slow down in 2015 (Norway)

    13 January 2015

    Wood Mackenzie, an energy intelligence company has, in its annual review of Norway’s upstream oil and gas sector, said that despite the dramatic fall in oil prices in the last quarter, on the surface 2014 was business as usual for the country’s buoyant upstream sector. However, the company we expect to see a slow down in exploration, […]

  • Statoil in Aasta Hansteen, Polarled farm-downs

    12 September 2014

    Statoil has today announced it will farm down stakes in Aasta Hansteen, Asterix and Polarled projects and exit two assets on the NCS for a consideration of USD 1.3 billion, including contingent payment.