Equinor has signed an agreement to acquire Chevron’s 40 percent operated interest in the Rosebank project, one of the largest undeveloped fields on the U.K. Continental Shelf (UKCS). The parties did not disclose the commercial terms of the agreement…
Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms…
Oceaneering International has secured a contract from Norwegian giant Statoil to supply umbilicals for the Johan Castberg Project in the Barents Sea. Field illustration. From Statoil. The contract is for dynamic and static control umbilicals…
Turret specialist SBM Offshore has contracted Dubai based Drydocks World to construct the turret mooring system for Statoil’s Johan Castberg floating production storage and offloading (FPSO) vessel. The Johan Castberg FPSO will be permanently…
Norway's Statoil, with partners Eni (30%) and Petoro (20%), has submiited a plan for US$5.9 billion (NOK49 billion) development and operation for the Johan Castberg field in the Norwegian Barents Sea. The development cost is more than half of the original estimated cost for the project…
A new report by analyst firm Rystad shows that Norway is leading the comeback after a sanctioning drought in the offshore industry in 2015 and 2016. Johan Castberg. Illustration from Statoil. Recent…
SBM Offshore has been awarded a contract for the delivery of a turret mooring system for Statoil's US$5.9 billion Johan Castberg floating production, storage and offloading (FPSO) vessel. The Norwegian Barents Sea project will tap an…
Statoil has picked Sembcorp Marine Rigs & Floaters for the hull and living quarters for its Johan Castberg floating production development in the Norwegian Barents Sea. Statoil has signed a letter of intent with Sembcorp Marine Rigs & Floaters…
Norway's Statoil is planning to start production from a US$2.27 (NOK19 billion) expansion project on its Snorre field in the Norwegian North Sea by 2021, tapping an additional 200 MMbo from the field and extending its life out to at least 2040…
Norwegian oil major Statoil has awarded three new subsea maintenance framework agreements, extending to 2023, to Aker Solutions, TechnipFMC and OneSubsea, with a total estimated value of more than US$970 million (NOK8 billion). In addition…
Swedish headquartered Lundin Petroleum has started drilling on the Hurri prospect in the southern Barents Sea, offshore Norway. Exploration well 7219/12-3, in PL533, is about 2 km southwest of the Filicudi oil discovery and south of the Statoil-operated Johan Castberg development…
The floating production systems (FPS) has seen a return to activity in 2017, says analysts Westwood Global Energy Group. The firm says that in 2016 no FPS units were ordered. With two months of the year remaining, 11 units have been ordered this year…
Having a power hub, to supply future Barents Sea developments, could help operators mitigate CO2 emissions – and the regulations that they could come up against. Marius Kluge Foss, of Rystad Energy, explains. The Barents Sea is the last Norwegian oil province with anticipated future growth…
A steady recovery is in motion in the subsea business with the potential for major subsea awards in the remaining months of this year and throughout 2018, according to TechnipFMC's boss Doug Pferdehirt. The firm won US$2.5 billion in…
2017 is set to be a record year for exploration in the Barents Sea, with one prospect in particular getting most of the attention. Edison Investment Research’s Elaine Reynolds explores the scene. Tapping Korpfjell: the Songa Enabler…
Subscribe
