961 results found for 'johan sverdrup'

961 results found for 'johan sverdrup'
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  • Aker Reports Growth in 1Q Revenue

    1 May 2014

    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 […]

  • Maersk Oil to slash global workforce numbers by up to 12 percent

    26 October 2015

    Maersk Oil, a Danish oil and gas company, has announced its intention to implement workforce reductions amounting to 10-12% of roles across its business. The move, part of the company’s drive to reduce operating costs by 20% by the end of 2016, follows an extensive internal review of business activities and continued low oil prices, […]

  • Tanzania: Zarafani Described as ‘High Impact Discovery’

    24 February 2012
    Business & Finance

    Statoil announced on February 17 that the partnership had encountered indications of natural gas in the Zafarani exploration well in the Block 2 licence offshore Tanzania. The logging results now show that the discovery is a high impact discovery, so far proving up to 5 Tcf of gas in-place. The well has encountered 120 metres […]

  • Aker Solutions merging with Kværner, names new CEO

    17 July 2020
    Business & Finance, Human Capital, Market Outlooks, Outlook & Strategy

    Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimized supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kværner, in accordance with the Norwegian Public Limited Liability Companies Act. Kjetel Digre has been appointed chief executive officer of Aker Solutions, […]

  • Norwegian floater slated for extensive upgrade while operating offshore

    9 June 2022
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Infrastructure, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Vessels

    OSM Offshore has been tasked with carrying out upgrade modifications on an FSU, which is deployed at Equinor’s field in the Norwegian Sea.

  • Higher oil and gas output lifts Total profit

    7 February 2019
    Business & Finance

    French oil and gas company Total booked an increase in the fourth quarter 2018 profit driven by higher oil and gas production and increase in prices.  The oil company said on Thursday it had recorded an 11% increase in net income for 4Q 2018 which amounted to $1.13 billion, compared to the profit of $1.02 […]

  • Norway doubles oil and gas resources estimate for Barents Sea

    26 April 2017

    The undiscovered oil and gas resources in the Barents Sea are twice as large as previously assumed, according to new calculations by the Norwegian Petroleum Directorate (NPD), Norway’s petroleum resources regulator.  The Norwegian Petroleum Directorate has recently mapped the eastern part of the northern Barents Sea – an area of about 170,000 square kilometers, 10,000 square […]

  • Lower oil & gas prices take a bite out of Norwegian energy giant’s profit

    26 July 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders

    Equinor’s profit was cut in more than half from record-high figures seen last year due to significantly lower energy prices.

  • Aker Solutions: Record high order intake in 2013

    13 February 2014

    Aker Solutions delivered its best quarter of 2013 as an increased focus on execution, delivery of key projects and major contract wins boosted earnings.

  • Norway: Statoil Delivers Solid Q4 Results

    7 February 2013

    Statoil’s fourth quarter 2012 net operating income was NOK 45.8 billion. In 2012, net operating income was NOK 206.6 billion. Statoil delivered equity production of 2,004 mboe per day in 2012, increased by 8% from 1,850 mboe per day in 2011. Adjusted earnings increased by 7% to NOK 193.2 billion in 2012, from NOK 179.9 […]

  • Highlights of the Week

    1 March 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (February 23 – March 01). Building on the previous award by Total E&P UK of the contract for the Edradour Subsea Development, located approximately 75 km North West of Shetlands in the UK waters, Technip has been awarded […]

  • Tanzania: Zafarani Becomes Statoil’s Fifth High Impact Discovery

    24 February 2012
    Business & Finance, Research & Development

    Statoil and partner ExxonMobil have made a large gas discovery offshore Tanzania in the first exploration well in Block 2. Statoil announced on February 17 that the partnership had encountered indications of natural gas in the Zafarani exploration well in the Block 2 licence offshore Tanzania. The logging results now show that the discovery is […]

  • Trio snaps up more than $1.75 billion for drilling jobs on Equinor’s 19 offshore oil & gas assets

    14 March 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Equinor has handed out four-year contract extensions to three companies for work on 19 platforms located off the coast of Norway.

  • Subsea in February

    3 March 2016
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. In February, the industry was saddened by the death of a young diver from Karmoy, who reportedly ran out of air after getting stuck underwater during maintenance work on a platform at Westcon’s shipyard in […]

  • Statoil improves profit despite output drop

    25 July 2014
    Business & Finance, Project & Tenders

    Statoil has delivered results for the second quarter 2014. Net operating income was $5.16 billion (NOK 32.0 billion), a decrease of approximately $371 million (NOK 2.3 billion) compared to the second quarter of 2013 adjusted earnings were $5.21 billion (NOK 32.3 billion). “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental […]

  • Aker BP and Lundin ink merger plan to create second-largest producer in Norway

    15 February 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Rules & Regulation

    Following an agreement to combine, Aker BP and Lundin Energy have now signed a merger plan with an aim to close the deal in mid-2022.

  • Floatel lands three new deals, reaches agreement with lenders

    11 January 2021
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Offshore accommodation provider and reached an agreement with its lenders, which will enable it to retain the Floatel Endurance in its fleet.

  • Aibel lands Njord Bravo upgrade gig

    19 April 2018
    Business & Finance, Infrastructure, Project & Tenders

    Statoil has awarded a contract to Aibel for upgrading of the Njord Bravo floating storage and offloading (FSO) vessel in the Norwegian Sea.

  • Equinor awards ‘biggest ever’ drilling and well service contracts

    18 June 2018
    Business & Finance, Equipment

    The new contracts will create jobs for some 2000 people on 17 fixed platforms and eight mobile rigs

  • Statoil Confirms High-Impact Discovery Offshore Brazil

    27 February 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Statoil  together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil. The partnership announced today that it has made a high impact discovery in the Pão de Açúcar prospect located in the BM-C-33 block in the Campos Basin. The well is located some […]

  • Statoil: Huge Gas Discovery Offshore Tanzania

    24 February 2012

    Statoil and partner ExxonMobil have made a large gas discovery offshore Tanzania in the first exploration well in Block 2. Statoil announced on February 17 that the partnership had encountered indications of natural gas in the Zafarani exploration well in the Block 2 licence offshore Tanzania.  The logging results now show that the discovery is […]

  • Norway expects to see two major field development plans in 2017

    12 January 2017

    The Norwegian Petroleum Directorate (NPD), a government agency whose task is to manage the oil & gas resources on the Norwegian Continental Shelf, expects ten new plans for field developments in the next few years, with two major ones expected this year.  The regulator on Thursday issued a report detailing the Norwegian shelf’s performance in 2016 […]

  • Odfjell tasked with tackling nonconformities on semi-sub rig

    16 June 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Operations & Maintenance, Project & Tenders, Regulation & Policy, Rules & Regulation

    Norwegian regulator has carried out an audit of Odfjell’s management of the working environment and helideck operations on a semi-sub rig.

  • Total Acquires Maersk Oil for USD 7.45 Billion

    21 August 2017
    Operations & Maintenance, Project & Tenders

    Total is set to acquire Maersk Oil & Gas, a wholly owned subsidiary of A.P. Møller – Mærsk, for $7.45 billion in a  share and debt transaction.   Under the agreed terms, A.P. Møller – Maersk will receive a consideration of $4.95 billion in Total shares and Total will assume $2.5 billion of Maersk Oil’s debt. […]

  • Repsol Sinopec Makes High-Impact Discovery Off Brazil

    27 February 2012
    Business & Finance

    Statoil together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil. The partnership announced today that it has made a high impact discovery in the Pão de Açúcar prospect located in the BM-C-33 block in the Campos Basin.  The well, drilled by the Stena […]