973 results found for 'johan sverdrup'

973 results found for 'johan sverdrup'
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  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 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.

  • 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 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.

  • 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.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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, […]

  • 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, […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]