Johan Castberg News

 

Oil and Gas in Norway Set for Record Investments in 2025

Dec 16, 2024

Oil and gas companies operating in Norway expect to invest a record 275 billion Norwegian crowns ($24.68 billion) in 2025, up from 263.7 billion this year and more than previously expected, the Offshore Norge industry association said on Monday…

Equinor Delays Johan Castberg Field Start-Up to Early 2025

Dec 10, 2024

Equinor and its partners Vår Energi and Petoro have postponed the start-up of Johan Castberg field, located in the Norwegian part of the Barents Sea, to January or February 2025 from the initial plan to bring the field on stream by the end of 2024…

Oil Steadies as Sverdrup Restart eases Geopolitical Jitters

Nov 19, 2024

Oil prices traded steady on Tuesday as Norway's Johan Sverdrup oilfield restarted production and there were reports of Iran offering to cap its uranium stockpile, factors that offset investor concerns about escalation of the Russia-Ukraine war…

Equinor Hires Northern Ocean’s Deepsea Bollsta Rig for Ops Off Norway

Nov 18, 2024

Equinor has awarded a two-year firm contract to Northern Ocean Wind to employ the mobile rig Deepsea Bollsta, operated by Odfjell Drilling, on the Norwegian continental shelf.The contract value for the firm period is calculated at around $335 million…

Viridien, TGS and Aquila Holdings Deliver Utsira OBN Reprocessing Project

Nov 04, 2024

Viridien and its partners TGS and Aquila Holdings, under its subsidiary Axxis Multi Client, have completed the reprocessing of the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea.Utsira is the largest OBN survey conducted…

Aker BP More Optimistic on Johan Sverdrup Peak Output as its Q3 Profit Grows

Nov 01, 2024

Aker BP expects Norway's largest oilfield Johan Sverdrup to produce at peak levels well into 2025, it said on Wednesday, taking a more bullish view than the field's operator and boosting its shares.The Norwegian company, partly owned by BP,…

Johan Sverdrup Oil Field’s Output Set for Decline from 2025

Oct 24, 2024

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…

Vaar Energi Exceeds Profit Expectations, Plans 8 New Oil and Gas Projects in 2025

Oct 22, 2024

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)…

Norway's Offshore Project Costs on the Rise

Oct 07, 2024

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…

Johan Castberg FPSO Anchors at Barents Sea Field

Sep 17, 2024

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…

First Steel Cut for IJmuiden Ver Beta HVDC Offshore Platform

Sep 11, 2024

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…

Equinor Generating Billions for Norwegian Suppliers

Aug 28, 2024

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…

Johan Castberg Oilfield Expected to Reach Full Output in H1 2025

Aug 27, 2024

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…

New Emergency Vessel Part of Equinor Plan to Fortify Barents Sea Safety

Aug 27, 2024

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…

SeaTwirl, Serica Energy to Explore Electrification of Offshore Assets with Floating Wind

Aug 12, 2024

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…

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