Norway/NCS
News
February 26, 2021
The Nordic country’s oil and gas industry has been keen for new acreage to offset an expected decline in production toward the middle of the decade. The Barents is estimated to hold more than 60% of the undiscovered resources off Norway, according to the nation’s petroleum directorate.
News
February 11, 2021
Oil prices in New York slid 0.8% on Thursday, the biggest decline in two weeks, after rising for eight straight sessions. The IEA said the re-balancing of the global oil markets remains “fragile” and slashed its forecasts for world oil consumption in 2021 as the pandemic continues to limit travel and economic activity.
News
February 04, 2021
Norway’s $1.3 trillion wealth fund is set to take a critical look at the stakes it holds in national oil companies, as its ethics council expands scrutiny of corruption in its latest set of guidelines.
News
February 04, 2021
Under the terms of the life of field contract, THREE60 Energy will carry out operations and maintenance duties on behalf of the Galoc Joint Venture, with the objective of improving performance and extending the field’s economic life.
News
January 19, 2021
“This year’s award of 61 new production licenses to as many as 30 companies shows that the petroleum industry still has significant expectations of making profitable discoveries on the Norwegian Shelf,” said Kalmar Ildstad, director of license management in the Norwegian Petroleum Directorate.
News
January 14, 2021
Equinor plans to build a floating pilot plant off Frøya near Trondheim in the late summer of 2021. It is set to become the world’s first pilot plant for floating solar power in rough waters.
News
January 12, 2021
The expandable drilling liner enabled the operator to kick-off much deeper in the well, eliminating the need to drill a section of the wellbore and install a tie back. The system was fully expanded within six hours and the entire project was completed in less than 40 hours.
News
January 12, 2021
To meet the requirements of the study, CGG Satellite Mapping custom-tasked next-generation SAR satellites to acquire a large collection of high-spatial-resolution SAR imagery at a high revisit frequency.
News
December 22, 2020
Equinor and its license partners have decided to invest NOK 3 billion in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent.
News
December 22, 2020
The Nordic government beat back a lawsuit by environmental groups in the country’s Supreme Court, which ruled on Tuesday the authorities had acted lawfully by awarding exploration licenses in the Barents Sea to companies including Equinor ASA, Aker BP ASA and Lundin Petroleum AB.
News
December 17, 2020
The installation of low-emission technology on offshore rigs is one of several initiatives that support Maersk Drilling’s efforts to reach the company’s recently announced target of reducing its CO2 emissions intensity by 50% by 2030.
News
December 15, 2020
The funding decision demonstrates the Norwegian government's support for the development of a Carbon Capture and Storage value chain, which is essential if Europe is to achieve its carbon neutrality targets.
News
December 11, 2020
Espen Barth Eide, a lawmaker for the Labor Party, says there’s “room for a more explicit form of corporate governance” in the way Norway uses its Equinor stake.
News
December 09, 2020
A survey of Norwegians in November showed that only 36% were favorable about onshore wind as an energy source, down from as much as 84% in 2011. Oil’s popularity has increased to 29% from just 16% five years ago.
News
December 07, 2020
Over the past several weeks, Asian refineries have snapped up crude oil from the Middle East, the U.S. and Russia as buyers received more government allowances to boost imports after the start of next year. Demand for North Sea barrels was slow to pick up, but even that’s now started to change.
News
December 04, 2020
Denmark, the European Union’s biggest oil producer, will stop offering new licenses in the North Sea and phase out production altogether in 2050 as it takes an historic step toward a fossil-fuel free future.
News
October 07, 2020
Equinor’s Johan Sverdrup offshore platform will have to close production until further notice if an ongoing labor strike continues into next week, the Norwegian supermajor said in a statement.
News
September 17, 2020
Wood has secured a new $42m contract from international energy company Equinor, on behalf of operator Gassco, to provide engineering, procurement, construction and installation services at the Kollsnes gas processing plant in Norway.
News
September 08, 2020
In four gas wells that were drilled at Martin Linge before Equinor took ownership in 2018, well barrier deficiencies that are considered to make them inappropriate for safe production have been identified.
News
September 01, 2020
The Johan Sverdrup is one of Norway’s largest oilfields and will, at peak production, supply 25% of the Norwegian oil supply. Production started in October 2019 where Clariant was awarded the production chemical supply contract in 2017 and has been part of the project phase supporting Equinor in the development of this giant new oil field.
News
August 10, 2020
While Norway isn’t officially participating in production cuts orchestrated by the Organization of Petroleum Exporting Countries and allied nations, it nonetheless pledged to curb output.
