961 results found for 'johan sverdrup'

961 results found for 'johan sverdrup'
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  • OEEC 2018: Offshore Energy to Remain Strong Part of Market

    23 October 2018
    Business & Finance

    Offshore Transport, Installation and Removal is one of the two thematic sessions wrapping up the Day-1 of the OEEC 2018 action-packed program set up at Amsterdam RAI. It was a full room as the session attracted major players in the offshore execution arena, including Allseas, Bourbon, Boskalis, Van Oord and Jumbo. The oil & gas […]

  • ‘Great’ oil & gas exploration appetite bears fruit as Norway awards 53 new production licenses

    15 January 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    As part of the award in the pre-defined areas 2024 (APA 2024) round, Norway’s Ministry of Petroleum and Energy has offered 53 production licenses to 20 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS).

  • Aker BP sanctions North Sea discovery important for Ivar Aasen area

    15 December 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Aker BP and its licence partners have affirmed the investment decision for the development of a North Sea discovery.

  • Total plans $5 billion in asset sales as second quarter profit slips on lower oil prices

    25 July 2019
    Business & Finance

    Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business.

  • Wood Mackenzie Sees 2014 as Key Year for Norwegian Oil & Gas Sector

    15 January 2014

    Wood Mackenzie’s annual review of Norway’s upstream oil and gas industry concludes that the sector showed no signs of slowing down in 2013, with high levels of development spend, asset deals, exploration activity, and a record NKr 176 billion (US$30 billion) capital investment.   Wood Mackenzie also says heightened upstream activity has led to an […]

  • Aker BP swings to loss over impairment charges

    6 May 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks

    Aker BP sank to a net loss in the first quarter of the year after being hit by impairments due to a significant decline in oil and gas prices.

  • Rystad: 2016 discovered offshore volumes 90% lower than in 2010

    19 January 2017
    Exploration & Production, Project & Tenders

    The 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, Energy intelligence group Rystad Energy has informed. The group says the drop is most significant to the overall decline in discovered volumes; and in fact, total global discovered volumes (oil & gas combined) are at an […]

  • Statoil swaps Edvard Grieg stake for Lundin shares

    3 May 2016
    Business & Finance

    Norwegian oil giant Statoil has entered into an agreement with Lundin Petroleum to divest its entire 15 percent interest in the Edvard Grieg field, in the central North Sea, for an increased shareholding in Lundin Petroleum. To remind, Statoil already acquired 37,101, 561 shares in Lundin Petroleum at a total purchase price of approximately SEK 4.6 […]

  • Petoro eyeing mature fields (Norway)

    13 March 2015
    Business & Finance

    A cash flow of NOK 111 billion ($13.5 billion) in 2014 represented a continued high level of revenues from the State’s Direct Financial Interest (SDFI) in Norway’s oil sector. Petoro chief executive Grethe Moen notes that fewer new developments mean income from the SDFI will be more dependent than ever on the mature fields over […]

  • Lower Production and Reduced Prices Impact Statoil’s Earnings

    2 May 2013
    Business & Finance, Operations & Maintenance

    Statoil’s first quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. “We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 2013 will be lower than in 2012. We are on track to […]

  • Statoil: Lower Output and Reduced Prices Affect 1Q Earnings

    2 May 2013

    Statoil’s first quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. “We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 2013 will be lower than in 2012. We are on track to […]

  • Total closes Maersk Oil deal

    8 March 2018
    Business & Finance

    French oil company Total has completed the Maersk Oil acquisition signed on August 21, 2017.

  • Subsea 7 sees growth in revenues, expects tendering activity to remain high

    28 April 2022
    Business & Finance, Business Developments & Projects

    Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant activity on the Sakarya […]

  • Wood Mac: Norway could take $84B in taxes if discovered resources are developed

    27 August 2014

    Norway has 10 billion barrels of oil equivalent (boe) of discovered natural resources yet to be developed, Wood Mackenzie reveals

  • Norway’s oil and gas production to increase from 2020, NPD says

    10 January 2019

    The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023.

  • Pioneering Spirit removes Ninian Northern jacket from North Sea

    22 April 2022
    Business & Finance, Business Developments & Projects, Heavy lifting, Project & Tenders, Vessels

    Allseas has deployed its new jacket lifting technology for the first time to remove CNR International’s Ninian Northern jacket from the North Sea.

  • Aker Solutions eyes renewable and low carbon growth

    23 October 2019
    Business & Finance

    Aker Solutions aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy.

  • Oil & gas sanctioning in the gutter, industry waiting for business to pick up

    28 July 2020
    Market Outlooks, Outlook & Strategy, Vision

    Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value.

  • Equinor increases share buybacks encouraged by boost in profits

    29 October 2021
    Business & Finance, Business Developments & Projects

    Equinor recorded a profit of $1.41 billion in the third quarter of 2021 due to higher prices and solid operating performance.

  • Maersk Oil posts $2.1B loss for 2015

    10 February 2016

    Danish oil company Maersk Oil made a loss of $2.1bn in 2015, compared to a loss  of $861 million in the full year 2014. According to the oil firm, the result was negatively affected by impairments after tax of $2.6 billion due to the low oil price expectations. The underlying profit was down to $435 milion, from […]

  • Aker BP building data factory in the cloud to improve productivity

    31 January 2022
    Automation, Business & Finance, Business Developments & Projects, Collaboration, Equipment, Exploration & Production, Infrastructure, Innovation, IT & Software, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Technology, Transition

    Aker BP has joined forces with Accenture to develop and deploy a cloud-based solution to improve oil and gas operations.

  • Heerema renews contract with Kongsberg Digital in support of crane simulator

    6 December 2021
    Business & Finance, Business Developments & Projects, IT & Software, Operations & Maintenance, Project & Tenders, Technology, Vessels

    Kongsberg Digital has won a five-year contract extension with Heerema for system support of maritime simulation solutions and training.

  • Activity to remain high as Norway expects three new field development plans this year

    14 January 2016

    Low oil prices have given rise to considerable challenges for the petroleum industry. Significant remaining resources, combined with cost reductions and improved efficiency, can ensure continued high activity and future profitability, the Norwegian Petroleum Directorate, an agency responsible for the petroleum regulation on the Norwegian Continental Shelf, has argued.  “We have had some positive news […]

  • Lundin reduces costs to mitigate coronavirus and low oil price impact

    24 March 2020
    Business & Finance

    Lundin Petroleum is taking measures to mitigate the impact of the coronavirus and low oil price on its operations, including cost cuts and dividend reduction.

  • Statoil to Complete 50 Exploration Wells in 2013

    7 February 2013

    Norway’s Statoil today announced fourth quarter 2012 net operating income of NOK 45.8 billion. In 2012, net operating income was NOK 206.6 billion.  According to Reuters, the numbers beat market expectations. “2012 was a year of strong strategic and operational progress for Statoil. We grew our production by 8% in 2012, in line with the […]