973 results found for 'johan sverdrup'

973 results found for 'johan sverdrup'
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  • NPD: More oil remains to be found offshore Norway

    27 May 2015

    The current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005, and it is also presumed that more oil remains to be discovered. This is the result of the Norwegian Petroleum Directorate’s (NPD’s) review of the resource basis in a select number of fields and discoveries on the Norwegian shelf […]

  • VIDEO: Ivar Aasen platform deck on its way to Norway

    6 June 2016
    Project & Tenders

    Following its recent completion, the platform deck for the Ivar Aasen project, in the North Sea, is now on its way to Norway after sailaway from the yard area in Singapore on Monday. According to Det norske, the operator of the project, the platform deck will be lifted in place on the field at the […]

  • Aker Solutions reports increased revenue in 1Q

    30 April 2014
    Business & Finance

    Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered by strong demand in Norway, the […]

  • Aker BP to merge with Lundin Energy in bid to create leading E&P player of the future

    21 December 2021
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition, Vision

    Aker BP plans to acquire Lundin’s oil and gas business, through a statutory merger, in a push to create a leading E&P company of the future.

  • Industry players looking into eco-friendly seismic data collection

    16 December 2021
    Business & Finance, Collaboration, Environment, Outlook & Strategy, Research & Development

    Equinor, Lundin, Shearwater GeoServices and Vår Energi have established a joint industry project seeking to develop a more environmentally friendly method for seismic data colletion.

  • Lundin Norway Gets Edvard Grieg PDO Approval

    12 June 2012
    Business & Finance, Operations & Maintenance

    Lundin Petroleum AB announces that its wholly owned subsidiary Lundin Norway AS has received final approval for the plan for development and operation (PDO) for the Edvard Grieg field from the Norwegian Parliament. The Norwegian Ministry of Petroleum and Energy concurred with the field development plan in April 2012. The Edvard Grieg is the first […]

  • Aker BP’s SVP of exploration jumps ship to join Neptune

    30 August 2018
    Business & Finance

    Neptune Energy has appointed a new vice president and group head of exploration as well as a group human resources director.

  • Tanzania: Statoil Makes High-Impact Find

    14 June 2012

    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 excellent quality reservoir sandstone with high porosity and high permeability. “The result from Lavani, which is only 16 […]

  • Statoil, ExxonMobil Make Large Gas Discovery Offshore Tanzania

    14 June 2012
    Business & Finance

    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 […]

  • Kvaerner beefs up quarterly profit despite lower revenues

    13 July 2017
    Business & Finance

    Norwegian engineering and construction services company Kvaerner recorded an increase in its second quarter 2017 profit, compared to the one made a year earlier, despite lower revenues.  According to its financial report on Thursday, the company nearly tripled its profit during the second quarter of the year, which totaled NOK 127 million ($15.4M). This compares […]

  • Norway nets record-breaking revenues from oil & gas

    13 January 2022
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    In Norway, the combination of high production of oil & gas, significant demand, and high prices led to a historically high level in revenues.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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. 

  • 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.

  • 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 […]

  • 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 […]