973 results found for 'johan sverdrup'

973 results found for 'johan sverdrup'
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  • NPD: Norwegian shelf still holds significant resources

    3 April 2014

    The Norwegian Petroleum Directorate (NPD) believes that oil reserves could grow by 1200 million standard cubic metres (Sm 3 ) over the next ten years. The new target was launched when the NPD presented its resource report on 3 April. The report provides an overview of the resources in fields and discoveries on the Norwegian shelf […]

  • Odfjell Drilling back to black in 3Q

    23 November 2016
    Business & Finance, Exploration & Production

    Integrated drilling contractor Odfjell Drilling returned to profit during the third quarter 2016 despite a $55 million decrease in revenues.  The driller made a net profit of $21 million during the third quarter of 2016, compared to a net loss of $152 million in the prior-year quarter. Operating revenues decreased during the quarter to $167 […]

  • GALLERY: Pioneering Spirit vessel removes Shell’s Brent Bravo topsides

    18 June 2019
    Project & Tenders

    Allseas-owned heavy lift and pipelay vessel Pioneering Spirit has completed the single-piece removal of the 25,000 t Brent Bravo topsides from the North Sea.

  • Scotland’s First Minister: North Sea exploration needs urgent support

    17 June 2015

    Speaking at the annual Oil and Gas UK Conference in Aberdeen, the First Minister of Scotland Nicola Sturgeon has called on the UK Government to urgently consult on incentives to boost exploration in the North Sea. Last year, North Sea exploration reached its lowest level in at least two decades, with only 14 explorations wells […]

  • Equinor posts best quarterly results since 2014

    30 April 2021
    Business & Finance, Business Developments & Projects

    Norwegian oil and gas company Equinor recorded a profit of $1.85 billion in the first quarter of the year due to price recovery, sustained cost improvements, and “strict capital discipline”.

  • Lundin: Testing of Luno II Discovery Successful

    6 May 2013

    Swedish oil and gas exploration and production company Lundin Petroleum has announce that the testing of the previously announced Luno II discovery has been successfully completed. The discovery is located in PL359 in the central North Sea sector of the Norwegian Continental Shelf (NCS) on the south western flank of the Utsira High approximately 15 […]

  • Norway: Det norske Submits PDO for Ivar Aasen Field

    21 December 2012
    Business & Finance, Operations & Maintenance

    Det norske oljeselskap ASA submits the Plan for Development and Operation (PDO) for the Ivar Aasen field to the Minister of Petroleum and Energy, Ola Borten Moe, at Det norske’s headquarters in Trondheim. The PDO is submitted on behalf of the Ivar Aasen partnership, encompassing Statoil and Bayerngas in addition to operator Det norske. The […]

  • Maersk Oil lifts profit on higher oil price, lower costs

    16 August 2017
    Business & Finance

    Danish oil company Maersk Oil increased its profit and revenues for the second quarter of 2017 helped by higher oil prices and lower costs.  According to a financial report on Wednesday by Maersk Oil’s parent company, A.P. Moller – Maersk, Maersk Oil recorded an underlying profit of $184 million in the second quarter of 2017, […]

  • Kvaerner’s Second Quarter in Line with Expectations

    16 July 2014
    Business & Finance, Operations & Maintenance

    Kvaerner delivered results for the second quarter in line with what the company has predicted. In addition, the order book has increased with new contracts and growth in existing projects. Operating revenues for the second quarter were NOK 2 861 million, while they were NOK 3 278 million in the corresponding quarter last year. The […]

  • Statoil in USD 1.3 Bln Asset Sale Off Norway

    12 September 2014
    Business & Finance, Operations & Maintenance

    Statoil ASA farms down in Aasta Hansteen, Asterix and Polarled and exits two assets on the NCS for a consideration of USD 1.3 billion, including contingent payment. Through this transaction Statoil monetises on the Aasta Hansteen field development project, while retaining the operatorship and a 51 % equity share. In addition Statoil exits the non-core […]

  • 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 […]

  • Statoil to Drill 20 to 25 Exploration Wells in Norway Next Year

    7 November 2013

    Statoil has announced “an exciting exploration programme in Norway also in 2014, building on the exploration successes of recent years.” Statoil plans to drill 20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of which around two-thirds will be Statoil-operated. “Statoil’s exploration success rate on the Norwegian continental shelf has been over 70% […]

  • Norway: Statoil Records Solid Q2 Results

    25 July 2013

    Statoils second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. “Statoil delivered an operationally solid quarter. We produced as planned, delivering record production from our portfolio outside Norway. We are on track and maintain our guidance for 2013,” says Helge Lund, Statoil’s president and CEO. “Our financial results were […]

  • Statoil Announces Exciting Exploration Plans for NCS in 2014

    7 November 2013
    Business & Finance, Operations & Maintenance

    Statoil announces an exciting exploration programme in Norway also in 2014, building on the exploration successes of recent years. Statoil plans to drill 20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of which around two-thirds will be Statoil-operated. “Statoil’s exploration success rate on the Norwegian continental shelf has been over 70% the […]

  • Safe Zephyrus flotel connects to Claire Ridge platform

    22 May 2019
    Exploration & Production

    Offshore accommodation company Prosafe has informed that its flagship flotel Safe Zephyrus has reached BP’s Clair Ridge platform located West of Shetland.

  • Total profit tumbles due to lower prices

    30 October 2019
    Business & Finance

    French oil major Total recorded a decrease in its 3Q 2019 profit affected by lower oil and gas prices despite an increase in production. 

  • Equinor picks contractor for work on its gas project in Norwegian Sea

    25 November 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Equinor has awarded a new contract to Aibel for extensive modifications and preparation of a platform for a tie-in of another gas field.

  • Despite traces of hydrocarbons, Equinor comes up dry in North Sea well

    16 February 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    Norwegian state-owned energy giant Equinor has completed the drilling of an appraisal well in the North Sea but failed to find hydrocarbons.

  • Norway’s Equinor and Aibel ink 10-year collaboration deal

    13 May 2022
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Project & Tenders, Transition

    Norwegian Equinor and its compatriot Aibel have entered into a 10-year agreement to ensure a close and long-term strategic collaboration.

  • Popular offshore industry news in 2Q 2018

    1 January 2019

    The most popular news at Offshore Energy Today during the second quarter of 2018.

  • Statoil Delivers Strong Earnings from International Portfolio

    25 July 2013
    Business & Finance, Operations & Maintenance

    Statoil’s second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. “Statoil delivered an operationally solid quarter. We produced as planned, delivering record production from our portfolio outside Norway. We are on track and maintain our guidance for 2013,” says Helge Lund, Statoil’s president and CEO. “Our financial results […]

  • Norway greenlights plan for partial electrification of Sleipner field

    11 February 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Transition

    Norwegian Ministry of Petroleum and Energy has approved a revised PDO for partial electrification of the Equinor-operated Sleipner field off Norway.

  • Norway: Lundin, Wintershall, RWE Dea Submit Luno PDO

    19 January 2012
    Business & Finance

    Lundin Petroleum has, with its partners Wintershall Norge ASA (Wintershall) and RWE Dea Norge AS (RWE Dea), submitted a plan for development and operation (PDO) for the Luno field to the Norwegian Ministry of Petroleum and Energy (the Ministry). Lundin Petroleum is in ongoing negotiations with Det norske Oljeselskap ASA, operator of license PL001B, in […]

  • Equinor hires Odfjell’s Deepsea Atlantic rig on $160M contract. Pens agreement for more rigs

    25 May 2018
    Business & Finance, Exploration & Production

    Odfjell Drilling has signed a firm contract for its Deepsea Atlantic semi-submersible drilling rig with Equinor – formerly Statoil.

  • WoodMac sees North Sea exploration comeback and uptick in development expenditure in 2019

    9 January 2019

    According to Wood Mackenzie, five themes that will dominate the market in 2019 include the comeback of North Sea exploration and, although the deal spend will slow, it will remain the seller’s market. WoodMac also sees an uptick in development expenditure in 2019 but production will remain flat. In the end, companies with the lowest-cost projects will be the winners this year.