961 results found for 'johan sverdrup'

961 results found for 'johan sverdrup'
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  • Statoil: 14 Pct Increase in First Quarter Results (Norway)

    8 May 2012
    Business & Finance, Operations & Maintenance

    Statoil’s first quarter 2012 net operating income was NOK 57.9 billion, a 14% increase compared to NOK 50.8 billion in the first quarter of 2011. “Statoil grew production by 11% and realised high oil and gas prices in the first quarter of 2012, generating strong financial results for the period. Production was as expected, and […]

  • Equinor in small oil discovery in North Sea

    26 July 2019
    Exploration & Production

    Norwegian oil and gas company Equinor has made a small oil discovery in production license 167 at the Utsira High in the North Sea. According to the Norwegian Petroleum Directorate’s report on Friday, Equinor has completed drilling appraisal wells 16/1-30 S and 16/1-30 A located in the North Sea. The wells are located in production […]

  • Faroe to become operator of two North Sea licences

    20 January 2016

    Faroe Petroleum, an independent oil and gas company, has been awarded six new prospective exploration licences, including two operatorships, under the 2015 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf. The oil and gas company was awarded three licences in the Norwegian Sea and three in the Norwegian sector of the […]

  • Total buying Maersk Oil in $7.45 billion deal

    21 August 2017

    French oil giant Total is set to acquire its Danish rival Maersk Oil and Gas for $7.45 billion dollars. Danish Maritime giant Maersk A/S informed on Monday it had entered into an agreement to sell its subsidiary Mærsk Olie og Gas A/S to Total S.A. for $7.45bn in a combined share and debt transaction. This […]

  • NPD reports high exploration activity in first six months

    30 June 2014
    Business & Finance

    Exploration activity on the Norwegian shelf remains vigorous. Norwegian Petroleum Directorate has reported that thirteen new discoveries have been made this year, the largest of these in the Norwegian Sea. Eight exploration wells are currently being drilled. As of 24 June, 33 exploration wells have been spudded and 33 terminated. For comparison, the number of […]

  • Norway racks up high gas production while pursuing decarbonisation with CCS and offshore wind

    5 July 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    Norway’s role as natural gas exporter becomes more entrenched, with the country keeping up high gas production.

  • Norway: 2020 was still strong for oil and gas despite pandemic

    14 January 2021
    Authorities & Government, Market Outlooks, Outlook & Strategy, Regulation & Policy

    Despite the ongoing coronavirus pandemic, activity on the Norwegian continental shelf last year remained at a high level with high production and significant investments in developments and projects on the fields.

  • Norway: Statoil Delivered Record Financial Results, CEO Says

    8 February 2012
    Business & Finance

      Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved safety and made important strategic progress […]

  • Norway: Statoil Reports Growth in Fourth Quarter of 2011

    8 February 2012
    Business & Finance, Operations & Maintenance

    Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved safety and made important strategic progress in […]

  • NPD: Total recoverable resources up

    3 March 2014
    Business & Finance

    The Norwegian Petroleum Directorate’s resource accounts show that the total recoverable petroleum resources are estimated at 14.2 billion standard cubic metres (Sm3) of oil equivalents (o.e.). New acreage in the southeastern Barents Sea and the shelf around Jan Mayen is included in the resource accounts, which are updated as of 31 December 2013. The main […]

  • Offshore facility electrification to slash O&G industry’s CO2 emissions, Axiom says

    8 July 2020
    Environment, Exploration & Production, Research & Development, Technology, Transition

    Offshore energy research and advisory firm Axiom has studied how the electrification of platforms can have a meaningful impact on the carbon intensity of offshore oil and gas production. The above chart highlights Axiom’s view on how the 2020-2024 fixed production market has evolved through February to June 2020. Recent market conditions have pushed operators […]

  • Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

    25 April 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

  • Euronav Taps Into Market’s Best Quarter in 10 Years

    30 January 2020
    Business & Finance

    Belgian tanker shipping major Euronav has enjoyed strong tanker dynamics in the fourth quarter of 2019.

  • Norway boasts 20 development projects as exploration activity rises

    16 July 2018

    As many as 20 development projects are currently under way on the Norwegian Shelf, and 13 exploration wells in the first half of 2018 have yielded six discoveries, according to the Norwegian Petroleum Directorate (NPD). However, production has been somewhat lower in the first six months of the year as compared with the same period […]

  • Maersk Oil makes ‘unsettling’ changes

    29 September 2016

    Danish oil firm Maersk Oil on Thursday outlined plans to review the scope and scale of its headquarters organization over the next three months. The to-be CEO Gretchen Watkins said the changes could be unsettling for the employees. The move is a response to the recent outcome of the Maersk Group’s strategic business review and […]

  • Coronavirus crisis forces Aker BP to delay projects and exploration wells

    23 March 2020
    Business & Finance, Project & Tenders

    Aker BP is putting on hold all non-sanctioned field development projects, postponing exploration wells and reducing production costs in order to reduce spending in response to uncertainty caused by the coronavirus crisis.

  • Denmark: Maersk Profit Slightly Higher

    22 February 2013
    Business & Finance

    The Group delivered a profit of USD 4.0bn (USD 3.4bn), which was slightly higher than the latest announced outlook of around USD 3.7bn expressed on 9 November 2012. The return on invested capital (ROIC) was 8.8% (8.3%). Profit was positively affected by the settlement of an Algerian tax dispute in Q1 of USD 899m combined […]

  • Kvaerner Posts Loss

    11 February 2015
    Business & Finance, Equipment

    Kvaerner, an engineering, procurement and construction (EPC) contractor, has reported operating revenues in fourth quarter 2014 amounted to NOK 3591 million, compared with NOK 3 939 million for the fourth quarter 2013. The decrease from last year is mainly due to reduced activity with in the jackets business. Kvaerner reported operating revenues of NOK 13 […]

  • NPD: Discovery Rate Below Average in the First Six Months 2013 (Norway)

    28 June 2013

    The Norwegian Petroleum Directorate has announced that far this year, 28 exploration wells have been spudded on the Norwegian shelf. Of these, 19 were wildcat wells and nine were appraisal wells. Eight discoveries were made; six in the North Sea and two in the Norwegian Sea. “The past six months have been busy for the Norwegian […]

  • Equinor files plan for further development of North Sea field, unveils investment of over $1.1bn

    26 November 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Market Outlooks, Rules & Regulation, Transition

    Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.

  • Decommissioning – Just Round the Corner

    7 November 2016

    The maritime industry is gearing up for exciting times in an expanding sector The next 30 to 40 years will see the full-scale removal of the North Sea oil and gas industry’s production infrastructure. To say that this will be a considerable task is very much an understatement. For example, it is estimated that the North […]

  • Europe redraws black gold map by switching out Russian oil with barrels from other top producers

    20 July 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    With the demand for black gold still going strong, Europe has replaced Russian oil barrel for barrel by importing more from other producers.

  • Lundin Sets 2014 Capex at USD 2.1 Bln

    8 January 2014
    Business & Finance

     Lundin Petroleum AB (Lundin Petroleum) announces its 2014 development, appraisal and exploration budget which totals USD 2.1 billion. The 2014 expenditure on development projects is budgeted at USD 1.4 billion which represents a 25 percent increase on forecast 2013 development expenditure. The 2014 budgeted expenditure on exploration activity is USD 380 million which is approximately […]

  • Norway’s offshore industry through Øyvind Sætre’s lens

    13 December 2017

    Browsing through Linkedin the other day, I’ve stumbled across a beautiful photo of two heavy lift vessels carrying the giant Aasta Hansteen topside out of the Westcon yard in Ølensvåg, Norway.

  • Energy transition: Will the Netherlands lead the private investment charge?

    20 April 2020
    Authorities & Government, Business & Finance, Rules & Regulation

    Moving from carbon-intensive fossil fuels to more sustainable forms of energy is an area of major focus in the Netherlands as it is across Europe, but investing in energy transition involves navigating complex regulatory systems and bridging crucial knowledge gaps. On 28 November 2019, the European Parliament declared a global climate and environmental emergency. MEPs, […]