961 results found for 'johan sverdrup'

961 results found for 'johan sverdrup'
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  • Highlights of the Week

    5 June 2016
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders, Research & Development

    Subsea World News has put together a recap of the most interesting articles from the previous week (May 30 – June 05). Technip has been awarded a “major” contract to develop the Bahr Essalam Phase II development in the Central Mediterranean Sea. For Technip, a “major” subsea contract is ranging from €500 million to €1 […]

  • Management changes at Lundin Norway

    5 December 2014
    Business & Finance

    Swedish oil company Lundin Petroleum has informed that the Managing Director of Lundin Norway AS Torstein Sanness will retire from his executive position in April  2015 and assume the role of Chairman of Lundin Norway. Kristin Færøvik will assume the role of Managing Director of Lundin Norway in April 2015. Færøvik was previously the Managing Director […]

  • Lundin reduces 2016 capex by 26pct

    29 January 2016

    Swedish oil and gas exploration and production company Lundin Petroleum has cut its capex for 2016. In a statement on Friday, Lundin revealed that its 2016 development, appraisal and exploration budget totals $1.08 billion and represents a 26 percent decrease on 2015 capital expenditure. The company’s exploration and appraisal budget has been slashed 64 percent […]

  • Reprocessing project wraps up for ‘largest OBN survey on Norwegian Continental Shelf’

    7 November 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vision

    A tripartite partnership has completed the reprocessing project for what is said to be the largest ocean bottom node (OBN) survey conducted on the Norwegian Continental Shelf (NCS). Viridien, TGS and Aquila Holdings, under its subsidiary Axxis Multi-client, announced on November 4 the completion of the Utsira OBN reprocessing project, which had received significant industry […]

  • Norway to spearhead oil & gas electrification helm for years to come, forecasts Westwood

    6 July 2022
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    Westwood forecasts that Norway will continue to lead the way with low emissions intensity and electrification projects.

  • Odfjell Drilling sees no signs of improvement in drilling market. Posts 1Q loss

    26 May 2016
    Exploration & Production

    Norwegian drilling contractor Odfjell Drilling posted a net loss for the first quarter of 2016. The reported loss was $21 million, down from a profit of $18 million in the first quarter of 2015. Odfjell said its operating revenue fell to $158 million for the quarter due to a reduction in activity within the drilling […]

  • Maersk Oil 2Q results hit by Brazilian assets impairments

    19 August 2014

    Denmark’s Maersk Oil made a loss of USD 1.4 billion in the second quarter of 2014 versus $249 million profit achieved in the same period of 2013.

  • Aker BP profit jumps on higher production

    6 February 2019
    Business & Finance

    Aker BP saw an increase in fourth quarter 2018 profit driven by higher production and revenues.

  • Apply Leirvik to construct Peregrino II living quarters for Statoil

    12 July 2017
    Business & Finance

    Norway’s Apply Leirvik has been awarded a new living quarters engineering, procurement, and construction (EPC) contract from Statoil with a total value of 400 million NOK ($48 million). Apply Leirvik said that Statoil awarded the company a contract for the delivery of the living quarters module for the Peregrino II platform in the Campos Basin […]

  • Delays ahead for Allseas’ giant vessel

    8 September 2015

    The Pioneering Spirit, one of the largest vessels in the world, owned by the Swiss-based Allseas Group, will wait some more before embarking on its first contract. The 382-meter long giant is still in Rotterdam, undergoing the final outfitting, following the delivery from South Korea’s Daewoo Heavy Industries yard. The vessel reached the Netherlands in January […]

  • New CEO Takes Over at Det Norske

    8 October 2013

    Karl Johnny Hersvik has been appointed as the new chief executive officer of Det norske oljeselskap ASA.  Hersvik comes from the position as Senior Vice President of Statoil’s Research and Development division in Trondheim. Hersvik will take up the position as CEO of the company effective from 1 May 2014. Hersvik says that he is looking forward to head a […]

  • Lloyd’s Register names asset management and decommissioning head

    5 September 2017
    Business & Finance

    Lloyd’s Register (LR), an engineering, technical and business services organization, has appointed Steve Gilbert as the organization’s new director of asset management and decommissioning.  LR said that Gilbert, an industry veteran, would lead the asset management and decommissioning operations program internationally for operators and manufacturers in the oil and gas sector. Gilbert will be based […]

  • Disappointing results for Aker BP in North Sea

    9 November 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production

    Aker BP has concluded the drilling of a wildcat well in the North Sea and encountered a minor oil discovery, which is not commercial.

  • Statoil, ExxonMobil Make Large Gas Discovery in Tanzania

    14 June 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Statoil and partner ExxonMobil have made a large gas discovery in the Statoil-operated Block 2 licence in Tanzania. The logging results from the Lavani well confirm a new high-impact discovery for Statoil, with a preliminary resource estimate of 3 trillion cubic feet (Tcf) of gas in place. The Lavani well has encountered 95 metres of […]

  • VIDEO: Giant Pioneering Spirit vessel executes lightest lift to date

    17 June 2019

    Allseas-owned giant Pioneering Spirit vessel last Friday removed Aker BP’s original accommodation platform at Valhall (QP) field in the southern part of the North Sea off Norway. 

  • Maersk Oil produces first oil from Flyndre field

    27 March 2017
    Project & Tenders

    Danish oil company Maersk Oil has started production from the Flyndre field in the UK and Norwegian North Sea. Maersk reported on Monday that the first oil began to flow at 20:00 hrs on Sunday, March 26 travelling 25 km via pipeline to the Repsol Sinopec-operated Clyde platform. Production from the Flyndre field is expected […]

  • Norway Approves Ivar Aasen Field Development

    22 May 2013

    Det norske oljeselskap ASA today announced that it has received approval from the Norwegian Parliament (Storting) for the Ivar Aasen development in the North Sea. Total investments in the project are estimated at NOK 24.7 billion (approximately $4.3 billion) COO Øyvind Bratsberg commented: “ When the Plan for Development and Operation (PDO) of Ivar Aasen is approved by […]

  • Nordic Energy Acquires Largest E&P Licence in Danish North Sea

    4 September 2013
    Business & Finance, Project & Tenders

    Nordic Energy plc, a company focussed on making investments in the North Sea oil and gas sector, announces the formal transfer to the Company of licence 01/13 (`the Licence’), the largest exploration and production licence in the Danish North Sea, covering an area of 3,600 sq km in a proven hydrocarbon system. This follows the award of the Licence […]

  • Aker BP orders Hod platform from Kvaerner

    9 June 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Norwegian oil and gas company Aker BP has awarded Kvaerner the contract for delivering the topside and steel substructure for the unmanned wellhead platform at the Hod field.

  • Equinor reduces investment estimates for projects in development phase by $3.6 billion

    8 October 2018

    Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion since the development plans were submitted to Norwegian authorities.

  • Norwegian Offshore Developments See $14.5 Bln Cost Drop

    29 August 2016
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    The price tag for developing a field on the Norwegian shelf has declined by an average of more than 40 per cent since the autumn of 2014, according to the Norwegian Petroleum Directorate’s (NPD’s) analysis of eight planned developments that are approaching start-up. The decline is a result of a combination of simpler development concepts […]

  • Statoil, Wintershall Wrap Up NCS Assets Transaction

    31 July 2013

    Norwegian oil company Statoil has announced that the agreement signed with the German oil and gas company Wintershall—which includes the divestment of Statoil’s share of the Brage licences, a farm-down in Gjøa and Vega, and acquisition in the Edvard Grieg licence in the North Sea—has been completed. The consideration to be paid to Statoil is […]

  • Highlights of the Week

    19 November 2017
    Business & Finance

    Subsea World News has put together a recap of the most interesting articles from the previous week (November 12 – November 19). GE has said it is evaluating exit options on Baker Hughes just four months after the merger of its oil and gas business with the Houston-based oilfield services company. The merger of GE Oil […]

  • Equinor could power Troll C, Sleipner platforms from land

    11 June 2018

    Norway’s Equinor is looking to cut emissions from some its North Sea platforms by 600.000 tons per year, by powering the offshore facilities from land.

  • Tragedy strikes during training exercise as helicopter crash ends in fatality

    29 February 2024
    Business Developments & Projects, Safety

    One of Bristow Group’s search and rescue (SAR) helicopters was involved in an accident around 15 nautical miles west of Bergen off Norway.