Norway/NCS
News
June 09, 2023
The updated estimate of the discovery size is 53-90 MMboe, which is twice as large as the original pre-drill estimate and slightly larger than the preliminary estimates announced on May 25.
News
June 09, 2023
The plans for a strategic relationship between Vår Energi and Halliburton build on the already established one-for-all and all-for-one model and represents incentives to work as an integrated team toward common goals.
News
June 08, 2023
The Alvheim field is one of the most successful developments on the Norwegian continental shelf. When PDO was submitted to the Government in 2004, the reserves estimate was 171MMboe. Production from the Alvheim field exceeded this volume in early 2014.
News
June 08, 2023
The Tyrving development will utilize the planned extended lifetime for the Alvheim field, increase production and reduce both unit costs and CO2 per bbl.
News
June 05, 2023
The Storting, Norway’s legislative body, has approved Aker BP's plans for development and operation of the Yggdrasil area and Fenris, as well as further development of Valhall.
News
May 24, 2023
Johan Sverdrup produces at some of the lowest CO2 emissions of any oil field in the world at 80-90 % lower than the global average.
News
May 11, 2023
PGS has entered into a seismic acquisition contract for carbon storage offshore Norway by an independent energy company. The project is scheduled to start in September and has a duration of approximately one month.
News
May 03, 2023
Estimated to hold more than 60% of Norway’s undiscovered hydrocarbon resources, the Barents Sea has long been seen as the future of the country’s oil and gas industry. But exploration successes have been few and far between and the lack of infrastructure has made development difficult.
News
May 01, 2023
The development consists of two subsea templates tied back to the Equinor-operated Njord A platform. A 36 km electrically trace-heated (ETH) pipe-in-pipe solution transports oil from the Fenja field to the platform for processing and transport.
News
April 28, 2023
The firm term of the contract is two wells approximating to 270 days. The contract value for the firm period excluding certain integrated services is approximately $61 million.
News
April 27, 2023
The new well is expected to produce approximately 4,000 boed, enough gas to heat approximately 200,000 UK homes. Together with the 10th well which started up earlier this year, the Cygnus facility is expected to produce enough gas per day to meet the needs of around 1.9 million UK households.
News
April 26, 2023
Norway is now Europe’s biggest supplier of natural gas after the outbreak of the war in Ukraine, and its petroleum producers are keen for new acreage in the Barents to offset an expected decline in output in a few years.
News
March 31, 2023
Norway has the largest underground storage potential in Europe and can play a key role in efforts to achieve climate targets when efficiently linked to continental European emitters.
News
March 28, 2023
Transocean Encourage and Transocean Enabler are 6th generation fully winterized, harsh environment semisubmersible rigs with automated drilling control specially designed for operations on the Norwegian continental shelf.
News
March 27, 2023
ABL’s operation in Norway, based in Stavanger, has been appointed to provide marine warranty services for the transportation and installation operations relating to both fields.
News
March 21, 2023
The total recoverable resources from these development projects were estimated to 730 MMboe net for Aker BP, with net investments of approximately $19 billion in nominal terms and an average break-even price of $35-40 per bbl.
News
March 20, 2023
The total consideration is $220 million plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Øst Unit and 15.4% in Sygna Unit.
News
March 14, 2023
Named Heisenberg, the oil and gas discovery well was drilled by the Deepsea Stavanger drilling rig. Equinor is the operator, and DNO is a partner.
News
March 02, 2023
Vår Energi confirms an oil discovery in the operated 7122/8-1S Countach well in production license PL229, northwest of Hammerfest, including updated volume estimates. The well was drilled in one of the segments that form the Countach prospect.
News
March 01, 2023
Equinor has signed an agreement to acquire equity interest in five oil and gas discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf from Wellesley Petroleum AS.
News
February 27, 2023
The company seeks to fill gaps in the market to help meet operator demand for high-quality services and offer clients a more streamlined, efficient approach to delivering projects under a single supplier.
