Barents Sea News

 

Norway's Aker BP to Drill Wells in Arctic Barents Sea, CEO Says

Aug 29, 2022

Aker BP plans to drill up to 15 exploration wells next year, including in the Arctic Barents Sea, Aker BP Chief Executive Karl Johnny Hersvik said on Monday.'Our plan is to drill somewhere in the range of 12-15 wells and I'm assuming we will have the same level going forward,' he told Reuters on the sidelines of an energy conference.Aker BP also plans to drill at least one well and possibly more near the Arctic Wisting discovery…

Oil Companies Must Boost Offshore Exploration in Norway to Unlock Potential, NPD Says

Aug 25, 2022

Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea for the country to find the remaining reserves of oil and gas beneath its oceans, the Norwegian Petroleum Directorate said on Thursday…

Barents Sea: Equinor Makes Oil and Gas Find in Johan Castberg Area

Jun 09, 2022

Equinor has made an oil and gas discovery Skavl Stø, an exploration well 7220/8-3, in the Johan Castberg area.The well was drilled five kilometers south-southeast of the discovery well 7220/8-1 210 kilometers northwest of Hammerfest in the production licence 532…

Norway's Hammerfest Plant Resumes LNG Production almost Two Years After Fire

Jun 02, 2022

Norway's Hammerfest liquefied natural gas plant has restarted LNG production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.The company last week told Reuters the plant had completed repairs and was preparing to restart output…

Equinor Makes Oil Discovery Near Johan Castberg Field in Barents Sea

May 25, 2022

Norwegian oil and gas company Equinor has made an oil discovery at the Snøfonn Nord exploration well in the Johan Castberg area in the Barents Sea, off Norway.According to Vår Energi, Equinor's partner in the license, the exploration well, in PL 532…

Vår Energi Increases Dividend as Q1 Profit Soars

Apr 27, 2022

Norway's Vår Energi raised its annual dividend and posted a sharp rise in first-quarter profit on Wednesday, aided by a surge in oil and gas prices following Russia's invasion of Ukraine.Vår Energi, majority-owned by Italy's Eni, reported a pretax profit of $1…

VIDEO: Boskalis' Boka Vanguard Carrying Johan Castberg FPSO to Norway

Apr 07, 2022

Dutch marine services contractor Boskalis has shared a video of its BOKA Vanguard semi-submersible heavy transportation vessel carrying the Equinor's Johan Castberg FPSO to Norway.In mid-February, the BOKA Vanguard loaded with the 70,000-ton…

Equinor, Vår Energi, Horisont Energi Awarded CO2 Storage License in Barents Sea

Apr 05, 2022

Norwegian oil and gas company Vår Energi has together with its partners Equinor (operator) and Horisont Energi, been awarded the Polaris CO2 storage license in the Barents Sea,The Polaris CO2 storage reservoir is located in the Barents Sea, ca 100 km off the coast of Finnmark…

PHOTO & VIDEO: Johan Castberg FPSO Sets Off for Norway

Feb 17, 2022

Singapore's Sembcorp Marine has delivered the Norwegian Barents Sea-bound Johan Castberg FPSO to Equinor. The FPSO has set off for Norway, loaded aboard Boskalis' Boka Vanguard semi-submersible heavy transportation vessel.Johan Castberg is Sembcorp Marine’s first EPC newbuild FPSO…

Equinor Files Impact Assessment for Wisting Project in Barents Sea

Feb 01, 2022

Norwegian oil and gas company Equinor has filed an impact assessment for the development and operation of the Wisting oil field in the Barents Sea. The plan for development and operation (PDO) is planned to be completed at the end of 2022.The…

Equinor's Hammerfest LNG Plant Extends Outage

Jan 31, 2022

Norway's Hammerfest LNG plant faces a further delay before restarting production following a fire in 2020, Equinor and Norwegian gas system manager Gassco said on Monday.The plant, operated by Equinor, is now expected to resume output on May 17…

Equinor Wins 26 Production Licenses Off Norway. Plans to Drill 25 Exploration Wells in 2022

Jan 18, 2022

Norwegian oil and gas firm Equinor has been awarded 26 new production licenses by Norway’s Ministry of Petroleum and Energy Award in Predefined Areas. In total, Norway has offered 28 companies ownership interests in a total of 53 offshore oil…

OMV Exits Barents Sea Oil Field With $320M Sale to Lundin Energy

Dec 17, 2021

Austrian oil and gas company OMV has completed the sale of its stake in the Wisting oil field in the Barents Sea, offshore Norway, to Lundin Energy.The two companies had signed the sale and purchase agreement in October 2021, and after obtaining the necessary approvals from Norwegian authorities…

Equinor's Barents Sea Johan Castberg Project Faces Further Delay, Cost Overrun

Oct 12, 2021

Equinor's Johan Castberg Arctic oilfield will cost some 10% more to develop than expected a year ago, and will start production later than expected, primarily due to the pandemic, the Norwegian government's budget showed on Tuesday.The project…

Wood to Support Horisont Energi's Barents Blue Project

Oct 06, 2021

Horisont Energi, a low-carbon technology company based in Norway, has signed a framework agreement with Wood, a major global consulting and engineering firm.As Horisont Energi continues to mature projects in clean ammonia and hydrogen, Wood…

Current News

Stephen Chazen, Long-time Occidental Petroleum Executive, Dies at 76

Stephen Chazen, Long-time Occidental Petroleum Executive, Dies at 76

OMV Confirms Find in One of "Largest Prospects in Norway"

OMV Confirms Find in One of "Largest Prospects in Norway"

Maersk Drilling Tapped for Danish Drilling

Maersk Drilling Tapped for Danish Drilling

TechnipFMC Wins North Sea EPCI Project

TechnipFMC Wins North Sea EPCI Project

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