Norway's largest oilfield Johan Sverdrup is expected to come off its production plateau early next year, operator Equinor said on Thursday.The field hit record daily output of more than 756,000 barrels of oil per day in September, equivalent to some 6%-7% of Europe's daily oil consumption…
Oslo-listed Vaar Energi, majority-owned by Italy's Eni, on Tuesday reported a stronger than expected third-quarter operating profit and guided for lower costs in 2024, boosting its shares in early trade.Its earnings before interest and tax (EBIT)…
Energy firms Equinor, Aker BP and Vaar Energi have raised their crown-denominate cost estimates for major oil and gas development projects offshore Norway, the country's government said on Monday.Equinor's Johan Castberg project is now expected to cost 86 billion crowns ($8…
Equinor, the operator of the Johan Castberg field, has anchored the floating production, storage and offloading vessel (FPSO) unit at the field in in the Barents Sea, which is expected to start producing at the end of 2024.The hook-up of the FPSO to the subsea facilities…
Transmission system operator TenneT and marine engineering and construction company Seatrium have held a strike steel ceremony at Tuas Boulevard Yard in Singapore, marking the start of construction of offshore platform IJmuiden Ver Beta, one of the first Dutch 2 GW grid connection projects…
Deliveries for exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway had a value of more than NOK 134 billion ($12.8 billion) in 2023, 94% of which were invoiced by Norwegian suppliers.The…
Equinor's Arctic Johan Castberg oilfield is expected to reach full production of some 220,000 barrels per day in the first half of 2025, a senior company official said on Tuesday.The oilfield in the Norwegian part of the Barents Sea is set to…
Equinor will establish and operate a new area-wide emergency preparedness solution for the southwestern Barents Sea.'Together with the other operators, the authorities and the supply industry, we have through 50years developed the preparedness…
Floating wind turbine developer SeaTwirl has signed memorandum of understanding (MoU) with offshore oil and gas operator Serica Energy to collaborate on exploring the feasibility of electrification of offshore assets and oil and gas activities with SeaTwirl's floating wind turbine…
Vaar Energi, majority-owned by Italy's Eni, posted a second-quarter operating profit below expectations on Tuesday, but maintained its dividend payment level and said it was on track to increase oil output.Earnings before interest and tax (EBIT)…
Equinor has drilled a dry wildcat well in the Snøras prospect, located in the Barents Sea, offshore Norway.The well, 7220/2-2, drilled by the Transocean Enabler rig, is located in production license 1080, which was awarded in the Awards in Predefined Area (APA) in 2020…
Equinor has informed that the floating production storage and offloading (FPSO) vessel Johan Castberg departed for sea trials from Aker Solutions’s Stord yard ahead of its deployment at Barents Sea field.The FPSO for sea trials in Klosterfjorden…
Kongsberg Maritime has been tasked to conduct energy efficiency upgrades on Solstad’s Normand Sentinel, one of its most prominent subsea construction vessels.This upgrade will see the vessel transition to Kongsberg Maritime’s electric rim-drive azimuth thrusters…
Van Oord has launched its new offshore installation vessel Boreas at the Yantai CIMC Raffles Offshore shipyard in China.The Boreas’ dual fuel engine set is able to run on methanol and is purpose-built for the transport and installation of the…
Energy firms Equinor and Petoro have entered into a value-neutral asset swap agreement for the Haltenbanken area, including the Heidrun and Tyrihans producing fields, offshore Norway.Equinor will increase its ownership in the Heidrun field and…