965 results found for 'johan sverdrup'

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

  • Equinor picks Aibel for work on Oseberg fields

    8 July 2020
    Business & Finance, Business Developments & Projects

    Norwegian oil major Equinor has awarded Aibel a portfolio agreement for the Oseberg fields for the period 2020-2026.

  • Statoil takes Total’s Martin Linge field stake for $1.45B

    27 November 2017
    Business & Finance

    Statoil will take over Total’s stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf (NCS). Statoil will take over both operatorships and pay Total a consideration of $1.45 billion. Total E&P Norge is the operator of the Martin Linge field, which is located offshore Norway near the British part […]

  • Number of oil and gas wells set to hit 20-year low, Rystad says

    15 July 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy

    The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment.

  • Statoil Delivers Solid Operational Performance in Second Quarter

    25 July 2014
    Business & Finance, Operations & Maintenance

    Statoil’s second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We […]

  • Statoil Presents Perspectives on Its Oil and Gas Operations on NCS

    20 June 2013
    Business & Finance, Operations & Maintenance, Research & Development

    This week, Statoil presents perspectives on its oil and gas operations on the Norwegian continental shelf. The company is on track to fulfil its ambition of producing more than 1.4 million barrels per day in Norway in 2020. The perspectives are presented in connection with the company’s site visit for investors and analysts at the […]

  • Norway: Statoil Delivers Strong Third Quarter Results

    26 October 2012
    Business & Finance, Operations & Maintenance

    Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same period last year, and […]

  • Aker BP to boost output in 2017

    16 January 2017

    Norwegian E&P player Aker BP expects to boost its production in 2017, aiming for a 12 percent growth rate by 2023.  In 2016, Aker BP’s production was 118,200 barrels of oil equivalents per day (boepd), about 80 percent oil and 20 percent gas, the company said on Monday. In 2017, production is expected to increase […]

  • UK and Norway chasing electrification of North Sea assets to reach climate goals

    14 June 2021
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Operations & Maintenance, Outlook & Strategy, Rules & Regulation, Transition

    No stone is left unturned when it comes to options for reducing carbon emissions, including electrification of oil and gas assets, carbon capture usage and storage, replacing fossil with renewable sources of energy and introducing alternative fuels like hydrogen and ammonia.

  • Lundin to change name amid plans to reach carbon neutrality by 2030

    27 January 2020
    Business & Finance

    Swedish oil and gas company Lundin Petroleum has launched its Decarbonization Strategy, which targets carbon neutrality by 2030.

  • Wood Mackenzie: Exploration to slow down in 2015 (Norway)

    13 January 2015

    Wood Mackenzie, an energy intelligence company has, in its annual review of Norway’s upstream oil and gas sector, said that despite the dramatic fall in oil prices in the last quarter, on the surface 2014 was business as usual for the country’s buoyant upstream sector. However, the company we expect to see a slow down in exploration, […]

  • Statoil in Aasta Hansteen, Polarled farm-downs

    12 September 2014

    Statoil has today announced it will farm down stakes in Aasta Hansteen, Asterix and Polarled projects and exit two assets on the NCS for a consideration of USD 1.3 billion, including contingent payment.

  • Norway: Statoil Delivers Strong Third Quarter Results

    26 October 2012
    Business & Finance

    Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same period last year, and […]

  • Statoil reports solid Q2 results

    25 July 2014

    Statoil’s  second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We […]

  • Norway Upstream Sector Thriving, Wood Mackenzie Report Says

    10 January 2013

    Wood Mackenzie’s annual review of the Norwegian upstream sector shows that the country’s oil and gas industry is thriving: 2012 was a record year for capital investment, M&A activity, and licences awarded. However, this was tempered by an underwhelming year for exploration and concerns about the sector overheating, as the ramp-up in activity on the […]

  • Norway shows lowest and Canada highest upstream carbon footprint, Rystad says

    29 May 2020
    Authorities & Government, Environment, Exploration & Production, Infrastructure, Outlook & Strategy, Transition

    Canada has the highest carbon emission intensity per barrel of oil equivalent produced, while Norway has the lowest, a Rystad Energy analysis shows.

  • High oil & gas production and prices lift Equinor’s profit

    28 October 2022
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Transition

    Equinor has recorded “strong financial results” in 3Q of 2022 thanks to increased output, primarily gas, and elevated energy prices.

  • Equinor to produce less oil & gas and spend more on renewables in energy transition push

    15 June 2021
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Transition

    Equinor is accelerating its energy transition with plans to produce less oil and gas and increase investments in renewables.

  • Norway to introduce oil output cuts until end of 2020

    30 April 2020
    Authorities & Government, Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy, Regulation & Policy

    The Norwegian Government has decided to make oil production cuts in an attempt to more rapidly stabilise the oil market.

  • Statoil tightens 3Q net loss, delays two projects

    28 October 2015

    Norwegian oil and gas giant Statoil has reported a net loss of NOK 2.8 billion ($330.7 million) in the third quarter of 2015, mainly due to net impairment charges and provisions. Statoil narrowed its losses when compared to the same period last year and a net loss of NOK 4.8 billion ($566,1M), but in the previous […]

  • Odfjell Drilling-managed rig going back to Europe for multimillion-dollar work in Norwegian waters

    18 November 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    Northern Ocean (NOL) has won a short-term gig with an undisclosed operator and a long-term assignment with Norway’s energy giant Equinor on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently in Africa.

  • PSA: Industry needs to deal with cutbacks without affecting safety

    27 November 2014

    The Petroleum Safety Authority (PSA) Norway has held a dialogue meeting with the industry on November 25, 2014. Subjects under discussion at this session included changes in the petroleum industry, where several years of strong growth have now been replaced by a slowdown. According to the PSA, the big topic just a year ago was how the […]

  • Statoil CEO: In oil industry geology takes precedence over geography

    12 March 2014

    Statoil invited politicians, suppliers and other important stakeholders to Stavanger Concert Hall today to share challenges and increase understanding for the changes that are the inevitable outcome of tighter margins in the oil and gas industry. Stavanger Day, being arranged this year for the first time, is set to become Statoil’s most important arena for […]