Norway's Johan Sverdrup oilfield, the largest in western Europe, is ramping up production in the fourth quarter after the government increased its production permit, Lundin Energy, a partner in the field, said on Friday.Equinor-operated Sverdrup increased its production capacity to 470…
Norwegian oil and gas company Aker BP has extended the charter with Eidesvik Offshore's LNG-powered platform supply vessel Viking Lady.The extension for the 92,2-meter ship built in 2009, will take effect upon the expiration of the current four-month contract that started earlier this month…
Norwegian oil company Aker BP is ready to start production from the first phase of its Ærfugl gas and condensate field in the Norwegian Sea, the Norwegian Petroleum Directorate said Friday.Ærfugl will be developed in two phases, both with three wells…
Oil firms are expected to drill just 30 exploration wells off the coast of Norway this year, the lowest level in 14 years as companies seek to manage spending amid a pandemic, the Norwegian Petroleum Directorate (NPD) said on Tuesday.The search…
Swedish oil firm Lundin Energy has won permission to drill an exploration well in the North Sea, using the West Bollsta semi-submersible drilling rig.The Norwegian Petroleum Directorate, which on Monday said it had issued a drilling permit to Lundin Energy Norway for the North Sea well 16/4-12…
Norway's Johan Sverdrup oilfield, the North Sea's largest with an output capacity of up to 470,000 barrels of oil per day, will have to close down production unless a strike among workers ends by Oct. 14, operator Equinor said on Wednesday.Four…
Marwell, a recently established, Stavanger-based, wellbore and completion services company, has made two new senior appointments to run drilling and completions branches. Øystein Eide, until recently with Aker BP, will join the company to lead the drilling and well construction business…
Oil firms and labor officials in Norway are to meet on Friday with a state-appointed mediator to try to end a strike that threatens to cut output from western Europe's biggest oil and gas producer by some 25%.Six offshore fields shut on Monday…
Norwegian oil firms struck a wage bargain with labor union officials on Friday, ending a 10-day strike that had threatened to cut the country's oil and gas output by close to 25% next week, negotiators for each side told Reuters.Brent oil prices fell by more than 1% on the news to $42…
A strike by oil workers in Norway could cut output from western Europe's biggest oil producer by almost a quarter, operators have warned, though the striking union said a resolution remained possible.Widening strike action raised the prospect…
Norway's Aker ASA will create more value from IT and low carbon energy businesses in the next decade than from its traditional oil and gas operations, billionaire investor Kjell Inge Roekke said on Wednesday.Via his 67% stake in the Aker group…
The Norwegian authorities on Wednesday granted oil company Aker BP consents to use the Maersk Integrator and Deepsea Nordkapp drilling rigs at the Ivar Aasen and Alvheim fields, respectively.At the Ivar Aasen field in the North Sea, Aker BP…
The Norwegian authorities have received applications from 33 oil companies for the offshore acreage to be awarded in the licensing round Awards in Predefined Areas (APA) 2020.Norwegian Minister of Petroleum and Energy, Tina Bru: 'In a challenging year for the petroleum industry…
Norwegian oil company Aker BP has awarded an offshore maintenance and modification contract worth around $175,5 million to its compatriot offshore services provider Aker Solutions.The contract is for two years and is for maintenance and modification services at Aker BP's Ula…
Norwegian oil company Aker BP has named Ine Dolve as SVP Operations & Asset Development. She will replace Kjetel Digre who has accepted the role of the new CEO of Aker Solutions.Dolve will be part of the Executive Management Team of Aker BP…
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