Norwegian oil and gas investments, the key driver of the country's economy, will rise more than previously expected this year before declining in 2021, an industry survey by the national statistics agency (SSB) showed on Thursday.The survey is closely watched by Norway's central bank…
Norwegean geological services company Applied Petroleum Technology (APT) said that PGNiG Upstream Norway AS (PGNiG) has appointed it to conduct post-drilling analyses of its recent Shrek discovery in the Norwegian Sea.Under the agreement, Applied…
A handful of Norway-based arctic oil and gas explorers and their hydrocarbon finds might be the last at today’s recognized Barents Sea’s ice edge, if an expert group’s recommendation to bring offshore activity south gains political traction…
Aker BP has tapped Aker Solutions and Subsea 7 to deliver and install subsea infrastructure for the second phase of the Ærfugl development offshore Norway.The Aker BP operated Ærfugl development is a subsea project being developed in two phases…
Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the…
OSLO, Feb 4 (Reuters) - Norway may restrict oil firms' access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.The ice edge is…
Increasing activity, led by scaled down, accelerated projects and subsea tiebacks is helping drive an increasing business in the subsea industry. But there’s slim chance of revisiting the boom days of 2013, the Society of Underwater Technology’s…
The first successful “Single-Trip Multi-Frac” campaign has been executed on the Valhall field, marking the first time this specific well stimulation method has been performed offshore.“The traditional method takes two-three days to fracture a single zone of the reservoir…
An Oslo appeals court approved Norway's plans for more oil exploration in the Arctic on Thursday, dismissing a lawsuit by environmentalists who had said it violated people's right to a healthy environment. The verdict upheld a ruling made by a lower court…
Norway has offered exploration acreage in mature offshore areas to 28 companies of 33 which had applied as part of the Awards in Predefined Areas (APA) 2019.The Norwegian Petroleum Directorate said Tuesday that 28 oil companies had been offered…
A range of oil companies and their suppliers saw their market value enrichened Monday for reasons that included oil skipping its usual end-of-month dip in December, as WTI and Brent in 2020 still looking like 2019.With oil stable, even “minor”…
Sea usesWhile others are known as rulers of the seas, Norway has been more known as users, locally and worldwide. No wonder, since Norwegian waters are covering an area of close to six times the size of the Norwegian land areas.There is considerable…
Norway's Aker BP fell short of its third-quarter oil and gas output target and will take an impairment charge of $80 million, it said on Monday, sending its shares down more than 4%.Daily output fell to 146,100 barrels of oil equivalents per day (boepd) in the July-September quarter period from 150…
Maersk Drilling said it has secured a contract extension offshore Norway for the ultra-harsh environment jack-up rig Maersk Integrator from Aker BP. In continuation of the rig’s current workscope for Aker BP, the Maersk Integrator will drill a well at the Tambar field in the Southern North Sea…
From their base deep within a former World War II U-boat pen, Norwegian outfit, OceanTech, is developing a set of robot tools that cling to offshore structures in order to effect inspection, maintenance and repair, or IMR. Old submarine anchorages are now subsea testing and training sites…
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