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…
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…
A potentially cost-effective, efficient means to develop remote oil & gas fieldsSubsea tieback projects are transforming the offshore oil and gas industry by enabling efficient extraction from remote fields and satellite reservoirs, an approach aiming to significantly reduce capital…
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…
Equinor has received consent from Norwegian regulator to use Transocean Enabler rig for production drilling/completion and drilling of exploration segment in the Barents Sea.The Norwegian Ocean Industry Authority (Havtil) issued a permit to Equinor for drilling operations at Johan Castberg field…
Marine geophysical services company PXGEO on Monday announced it has acquired Modus Subsea Services to boost its subsea offering.Modus Subsea Services is a U.K.-based provider of offshore life-of-field support services specializing in autonomous…
Aker BP-operated Hanz field in the Norwegian part of the North Sea, which is tied into the Ivar Aasen platform, has started production.Hanz is operated by Aker BP with 35% working interest, with partners Equinor owning 50% and Sval Energi 15% stake…
The Sleipner field center, along with the Gudrun platform and other associated fields - operated by Equinor - is now partly operating on power from shore in a decarbonization effort that will reduce annual emissions from the Norwegian continental shelf (NCS) by 160…
Equinor, on behalf of the partners, is exercising two options to extend contracts with Archer AS, KCA Deutag Drilling Norway AS and Odfjell Operations AS for a total of four years.The options for drilling services on fixed installations on the Norwegian continental shelf provide jobs for 2…
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