Production at the Equinor-operated Johan Sverdrup oilfield, the North Sea's largest, is expected to start declining from peak levels in about a year, partner Aker BP said on Thursday.Sverdrup's production was ramped up last year to 755,000 barrels of oil per day (bpd)…
Norwegian offshore wind vessel owner Edda Wind announced it has appointed Hermann Hovland Øverlie as its new chief financial officer (CFO) following the resignation of Tom Johan Austrheim. Øverlie will join Edda Wind March 1, 2024.Øverlie is…
COSLProspector semi-submersible drilling rig has departed from the shipyard in Canary Islands, and it’s now on its way to Norway, where it will undergo repairs ahead of assignment with Vår Energi in the Barents Sea.COSL's 4,921-ft semisubmersible…
Norwegian oil and gas giant Equinor is collaborating with the maritime and offshore technology company Kongsberg Digital to boost its personnel skills to protect the environment, prevent offshore incidents, and perform holistic crisis management in advanced offshore operations…
Norwegian oil group Aker BP on Friday reported better-than-expected third-quarter operating profit, and said the cost per barrel produced could be slightly lower this year than previously anticipated.Aker BP, which is partly owned by BP, said earnings before interest and tax declined to $2…
The Swedish investigation into the sabotage last year of the Nord Stream pipelines is at a sensitive stage and the prosecutor hopes to decide whether to bring any charges before the end of this year, he told Reuters on Wednesday.In September 2022…
Costs at Equinor-operated Johan Castberg offshore field development project have increased by almost NOK 13 billion (currently $1,2 billion) since last year, but the production start-up date remains unchanged and is still slated for the fourth quarter of 2024…
Vår Energi has secured the COSLProspector drilling rig for a two-year drilling program in the Barents region offshore Norway, which the company sees as an important strategic priority area.Signed in cooperation with Equinor, the rig contract…
TGS announced a collaboration agreement with Apparition Geoservices to jointly provide integrated, encoded simultaneous source acquisition solutions to drive the next level of efficiency in seismic surveys.During the agreement term of four years…
Equinor posted on Wednesday a 57% year-on-year decline in second-quarter core profit, in line with expectations as oil and gas prices fell, while maintaining its dividend and share buyback levels.The Norwegian energy group's adjusted earnings before interest and tax for April-June fell to $7…
Norwegian oil group Aker BP on Thursday reported a rise in second-quarter earnings that matched expectations as record production offset weaker prices for oil and gas, and lifted its full-year production outlook. Norway's second-largest listed oil company…
SeaTwirl, a Swedish company developing vertical-axis floating wind turbines, said Wednesday it had received its first commercial revenues.'The purchase order applies to a bid for a new wind turbine application in the North Sea,' SeaTwirl said…
Aquila Holdings, through its subsidiary Axxis Multi Client AS, on Tuesday announced a USD 0.34 million - net to Aquila Holdings - multi-clientseismic data licensing contract with an existing customer. Under the contract, the customer will license…
Sweden hopes to be able to determine who was behind the Nord Stream gas pipeline sabotage by the autumn, the prosecutor leading the country's investigation told Swedish radio.In September 2022, several unexplained underwater explosions ruptured…
Norwegian offshore services company Aker Solutions has won a contract with the oil and gas company Equinor to deliver the first Submersible Wireless Installer for Tubing (SWIFT™) for 18 tubing hanger installations on the Johan Castberg field…
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