"Balder X" News

Skarpenord to Upgrade Jotun FPSO's Valve Control Systems

Oct 05, 2020

Scana's affiliate company Skarpenord has signed a letter of intent to upgrade valve control systems on Var Energi's Jotun floating storage and production unit in Norway.Skarpenord signed a letter of intent for the valve control systems upgrade with Rosenberg Worley…

Drydocks Starts Work on Jotun FPSO TMS

Sep 30, 2020

Dubai's Drydocks World has begun work on a part of a turret mooring system for Jotun FPSO, for Bluewater Energy, with the end client being Var Energi in Norway.Namely, Drydocks said Wednesday it had held a steel-cutting ceremony to mark the start of production of the turntable project for the FPSO…

Oil & Gas FIDs to Rebound to Pre-Pandemic Levels from 2022, Rystad says

Sep 22, 2020

Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said…

Borr Drilling Posts $109,6M 2Q Loss

Aug 28, 2020

Jack-up drilling rig contractor Borr Drilling on Friday reported a $109,6 million net loss for the second quarter of 2020, on revenues of $84 million.For comparison, Borr provided the 1Q 2020 figures, in which it posted a loss of $87 million…

PHOTO: Heerema's Heavy Lifter Installs Yaxche-C Platform in Mexico

Aug 21, 2020

Dutch offshore installation and construction company Heerema Marine Contractors has installed Pemex's Yaxche-C jacket and topside in Mexico, under a contract awarded by Cotemar.Heerema used its 'most experienced vessel' semi-submersible crane…

Welaptega's Riser Cleaning Tech in Successful Debut Offshore Norway

Aug 19, 2020

Underwater asset integrity company Welaptega's recently launched system for marine growth removal from offshore risers recently had a debut at Var Energi's Balder X project, in the North Sea, offshore Norway. Welaptega delivered the system called…

Remazel Engineering Wins Jotun FPSO Gig

Aug 05, 2020

Italian engineering firm Remazel Engineering has won a contract with Bluewater for work on the Jotun FPSO upgrade.The Jotun FPSO which has been producing oil from the Jotun field in Norway's part of the North Sea since 1999, was recently moved by ashore for upgrades…

Var Energi Seeks $1B for Jotun FPSO

Jul 27, 2020

Norwegian oil and gas producer Var Energi, backed by Eni and private equity firm HitecVision, is seeking around $1 billion for its Jotun production ship, a source with direct knowledge of the matter told Reuters.Var would then lease the floating production…

Var Energi Resumes Drilling Offshore Norway Citing Positive Effect of Tax Breaks

Jul 16, 2020

Norwegian oil company Var Energi is restarting drilling offshore Norway after it had postponed drilling operations in the spring due to the corona pandemic and oil price collapse. 'The decision [to resume drilling] has been made possible by the temporary changes in the petroleum tax…

Rystad: Number of Drilled Wells in 2020 to Hit Lowest Point in Two Decades

Jul 15, 2020

The number of drilled oil and gas wells this year is expected to reach about 55,350 this year, the lowest since at least the beginning of the century, Norwegian energy industry intelligence firm Rystad Energy said. The demand for drilling equipment is also down…

Vår Energi Takes Jotun FPSO Ashore for Upgrades

Jun 15, 2020

Norwegian oil company Vår Energi is taking the Jotun FPSO ashore for upgrades, as part of a project designed to extend the life of the Balder Area in the Norwegian part of the North Sea.The FPSO, which has been producing oil from the Jotun field in the North Sea since 1999…

Equinor Drills Dry Well in North Sea

May 18, 2020

Norway's oil and gas company Equinor has completed the drilling of the exploration well 35/10-6 in the North Sea, offshore Norway. According to the Norwegian Petroleum Directorate, the well is dry.Equinor drilled the well around 20 kilometers…

These Norwegian Oil Fields Will Cut Output

May 11, 2020

Following Norway's decision in April to cut oil production to support oil prices, and the King's approval of the proposed cuts last week, the country's Energy Ministry on Monday announced the list of fields covered by the planned cuts that are expected to take effect from June…

Vår Energi Names VP Field Development

Apr 20, 2020

Norwegian oil and gas firm Vår Energi will appoint Bjørn Thore Ribesen (49) to a newly created position as VP Field Development & Projects.Ribesen joins Vår Energi as from the position of Senior Vice President, Drilling & Wells in another Norwegian oil firm Aker Energy…

Chinese Refiners Buy Rare North Sea, Guyana Crude at Low Prices

Apr 07, 2020

Chinese independent refiners have snapped up rare crude grades from the North Sea and Guyana at low prices in an oversupplied market after the coronavirus pandemic destroyed demand, four sources with knowledge of the matter said on Tuesday.The North Sea grades bought included Balder…

Current News

Unique Floating Offshore Wind Design Gets DNV GL Nod

Unique Floating Offshore Wind Design Gets DNV GL Nod

ConocoPhillips Posts Smaller-than-expected Loss

ConocoPhillips Posts Smaller-than-expected Loss

Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

Frequent Hurricane Shutdowns Weigh on US Energy Results

Frequent Hurricane Shutdowns Weigh on US Energy Results

Subscribe for OE Digital E‑News

Offshore Engineer Magazine