973 results found for 'johan sverdrup'

973 results found for 'johan sverdrup'
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  • King Lear: Statoil’s New High Impact Discovery (Norway)

    2 July 2012
    Business & Finance

    Statoil has made a significant gas and condensate discovery in the King Lear prospect in the southern part of the Norwegian North Sea along with its partner Total E&P Norge. Exploration well 2/4-21 drilled by the jack-up rig Maersk Gallant in production licences 146 and 333, has proven a 48-metre gas/condensate column in the main […]

  • Statoil: Rising costs on NCS in focus at energy seminar in Bergen

    15 May 2014
    Business & Finance, Project & Tenders

    Statoil’s executive vice president for Development and Production Norway, Arne Sigve Nylund, together with Margareth Øvrum, executive vice president for Technology, Projects and Drilling, presented Statoil’s views on what it takes to achieve profitable production from the Norwegian Continental Shelf in the future. “The investment level on the NCS reached an all-time high in 2013. […]

  • Aker BP profit slips on lower sales volume and prices

    26 April 2019
    Business & Finance

    Norwegian oil and gas company Aker BP saw a decrease in its quarterly profit and revenues due to a combination of factors including lower sales volume and prices and higher costs.  According to Aker BP’s financial statements published on Friday, the company’s total income in 1Q 2019 was $836 million compared to $944 million in […]

  • NPD: Norway’s recoverable oil resources drop

    3 March 2015

    The Norwegian Petroleum Directorate has issued its resource accounts for the Norwegian continental shelf as of December 31, 2014. The NPD’s resource accounts estimate the total recoverable petroleum resources to be 14.1 billion standard cubic meters (Sm3) of oil equivalents (o.e.). This represents a slight decline from 2013. 6.4 billion Sm3, or 45 per cent of […]

  • Total’s profit slips as oil prices tumble

    5 May 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy

    Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.

  • DNV GL Helps Trim Subsea Documentation

    13 June 2016
    Business & Finance, Equipment, Research & Development

    A two-year cross-industry project led by DNV GL has delivered a publicly available Recommended Practice which can reduce the amount of subsea documentation and enable documentation reuse in a typical subsea field development project. DNVGL-RP-O101 ‘Technical documentation for subsea projects’ details a required minimum set of documentation transferred between E&P companies, operators and contractors for the construction, […]

  • DNV GL’s guideline moves to trash excess subsea paperwork

    13 June 2016
    Equipment

    Offshore and maritime classification society DNV GL has launched a guideline which “trashes unnecessary subsea documentation.” According to DNV GL, customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. The guideline “Technical documentation for subsea projects” details a required minimum set of documentation transferred between […]

  • Aker Solutions posts 4Q loss. Cuts dividend

    12 February 2016

    Aker Solutions, a Norway-based oilfield services provider, has reported a net loss for the fourth quarter of 2015, and it has decided not to pay dividend for 2015. The loss was NOK 250 million, compared to a net profit of NOK 359 million a year ago. Converted to US dollars 4Q net loss was $29 […]

  • Maersk Oil profits from cost cuts. Eyes North Sea merger options

    8 February 2017

    Danish oil company Maersk Oil, set to separate from the Maersk Group, will narrow its focus on the North Sea and continue cutting costs and exploration activities in 2017. In the financial report posted on Wednesday, Maersk Oil reported a $230 million profit for the fourth quarter of 2016, an improvement from a net loss […]

  • Aker BP gearing up to sanction multiple oil & gas projects in December

    26 October 2022
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Transition

    Aker BP is preparing to make FIDs and submit plans for development and operations (PDOs) for several oil and gas projects by year-end.

  • Lower profit and revenues for Subsea 7 in 2Q

    25 July 2019
    Business & Finance

    Subsea 7 saw a decrease in both profit and revenues during the second quarter 2019 affected by lower activity in its Renewables and Heavy Lifting business unit. 

  • 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 […]

  • 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.

  • 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.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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.

  • 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.