Johan Castberg News

 

Aibel Bags Johan Castberg M&M Work. Deal to Create Jobs in North Norway

May 23, 2023

Norwegian offshore engineering and construction services firm Aibel has won a contract with Equinor for Maintenance and Modifications works on Johan Castberg offshore field in the Barents Sea. The work will be carried out from Aibel’s office in Harstad…

Aker BP Keeps Dividend, Guidance Despite Q1 Profit Drop

Apr 27, 2023

Norway's second-largest listed oil company Aker BP said on Thursday it was maintaining its outlook, and its quarterly dividend at $0.55 per share, despite reporting an on-year fall in quarterly operating profit. The company, partly owned by BP…

Norway Crude Mops Up in Europe as Russia's Urals Heads East

Apr 18, 2023

The clear winner in the race to replace Russian oil at Europe's refineries is Norway's Johan Sverdrup crude, according to Refinitiv Eikon data and traders.Johan Sverdrup was launched in 2019, making it a relative newcomer compared to Russia's Urals grade…

Swedish Prosecutor Believes State Actor Behind Nord Stream Pipeline Blasts

Apr 07, 2023

A state actor's involvement in the blast of the Nord Stream pipelines last year is the 'absolute main scenario', though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday.In September 2022…

Nord Stream Pipeline Blasts Probe Continues, but Culprits Difficult to Determine

Apr 06, 2023

It will likely be difficult to determine who blew up the Nord Stream pipelines connecting Russia and Germany in the Baltic Sea last year, Sweden's prosecution authority, which is investigating the incident, said on Thursday. The Sept. 26 explosions…

Unnamed Client Chooses Odfjell Drilling's Deepsea Atlantic Rig for North Sea Operations

Mar 31, 2023

Norwegian offshore drilling firm Odfjell Drilling said Friday it had signed two letters of intent with an unnamed client for the use of Odfjell's Deepsea Atlantic semi-submersible drilling rig in the North Sea region.The LOIs have a combined…

Equinor Awards Transocean New Contracts for Two Offshore Drilling Rigs in Norway

Mar 28, 2023

Norwegian oil giant Equinor has, on behalf of several licenses in Norway, awarded contracts for the use of Transocean's offshore drilling rigs Transocean Encourage and Transocean Enabler.Transocean Encourage semi-submersible drilling rig will mainly be used in the Norwegian Sea…

Aker BP to Boost Dividend as Profits Soar

Feb 10, 2023

Norwegian independent oil firm Aker BP AKRBP.OL will boost its dividend by 10%, the company said on Friday after posting a $2.2 billion operating profit for the final quarter of 2022, up from $1.2 billion a year earlier. Norway's second-largest listed oil company…

Scana's PSW Technology Wins 3-year Mongstad Maintenance Services Deal with Equinor

Jan 25, 2023

Norway's Equinor has awarded Scana-owned PSW Technology a three-year contract for maintenance services at the Mongstad refinery, Equinor's largest. The oil to the Mongstad terminal mainly arrives through two pipelines from Troll B and Troll C and connected offshore oil fields…

Norway's December Oil Output Lags Forecast by 10%

Jan 20, 2023

Norway's crude oil output rose in December from the previous month, but lagged the official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output rose to 1.77 million barrels per day (bpd) in December…

Equinor Reports Partial Outage at Johan Sverdrup Oil Field Offshore Norway

Jan 16, 2023

The planned restart of the second process platform on Equinor's Johan Sverdrup oilfield has been postponed due to an equipment fault, and repairs are now ongoing, a company spokesperson told Reuters on Monday. Equinor's Sverdrup field last week suffered an outage due to a loss of power supply…

Norway's Giant Offshore Oil Field Fully Developed

Dec 15, 2022

The Norwegian oil and gas company Equinor has brought online the second phase of the giant Johan Sverdrup oil field in the North Sea, off Norway. Production started at 11:15 a.m. local time, on Wednesday, December 15.At plateau, the Johan Sverdrup field will produce 720…

Barents Sea: Equinor Starts Production from Askeladd Offshore Field

Dec 12, 2022

The Norwegian oil and gas company Equinor has started production from the Askeladd offshore field in the Barents Sea.The first phase of Askeladd will bring 18 billion cubic meters of gas and two million cubic meters of condensate to the market via the Hammerfest LNG plant on Melkøya…

Equinor Awards 5-well Extension for Odfjell Drilling's Semi-sub

Nov 28, 2022

Norwegian offshore drilling contractor Odfjell Drilling said Monday that Equinor had exercised its priced options for Odfjell's Deepsea Atlantic semi-submersible drilling rig.Under the extension to drill five additional wells on the Johan Sverdrup Phase 2 field development in the North Sea…

Aker Solutions to Keep Providing M&M Services for Giant Johan Sverdrup Field in Norway

Nov 18, 2022

Aker Solutions has secured a contract extension with Equinor in Norway to continue providing maintenance and modification services (M&M) on the Johan Sverdrup field in the North Sea.'The extension of the call off is done in accordance with an existing frame agreement that lasts until February 2026…

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