Statoil has agreed to sell off stakes in the Aasta Hansteen spar development, the Polarled pipeline, and a discovery neighboring Aasta Hansteen to Germany’s Wintershall in a US$1.3 billion deal. As part of the deal, Statoil will also…
Kongsberg Oil & Gas Technologies has been awarded a contract for delivery of an extended concept study and pre-front end engineering design (FEED) on infield flowline and riser systems for the Statoil-operated Johan Castberg project in the Barents Sea…
There are currently 271 projects proposed or under development on the UK Continental Shelf (UKCS) and the Norwegian Continental Shelf (NCS) and a total potential investment of US$262.3 billion. These were among the topline figures according…
North Energy and Noreco Norway have agreed to swap interests in two offshore Norway production licences (PL). North Energy will acquire 15% of PL 484 in the Norwegian Sea and transfer a 10% holding in PL 616 in the North Sea to Noreco…
Statoil and Norwegian Prime Minister Erna Solberg officially opened the company's new Gudrun platform, on the Norwegian Continental Shelf (NCS). Gudrun installation. Photo from Statoil…
Ingrid Sølvberg, director for the Norwegian and Barents seas, Norwegian Petroleum Directorate. Photo from UTC. Challenges to produce new areas, like the Barents, and extend the life of more mature regions…
Doubt still hangs over Statoil’s Barents Sea Johan Castberg project after the firm made an oil and gas discovery in its fifth and final exploration program around the field. The latest well, 7220/7-3 S, was on the Drivis prospect in production license (PL) 532…
UK-based energy analysts Wood Mackenzie have suggested Statoil and its partners use a floating production, storage, and offloading (FPSO) vessel option for on the Johan Castberg development in the Norwegian Barents Sea. The firm undertook an analysis of the project…
Exploration activity on the Norwegian shelf 'remains vigorous', with 13 new discoveries made this year, according to the Norwegian Petroleum Directorate (NPD). As of 24 June, 33 exploration wells (23 wildcat and 10 appraisal wells) have been spudded and 33 terminated…
Norway’s state oil firm Petoro has said it wants to double the number of wells on the Norwegian Continental Shelf and halve their cost in order to realize the great potential of discoveries and existing fields in the Norwegian State’s Direct Financial Interest (SDFI) portfolio…
GDF SUEZ E&P Norge's wildcat well 7218/8-1 on the Byrkje prospect in the Barents Sea has been classified as dry, with traces of gas. The well, in production licence 607, well was drilled about 65km southwest of the oil and gas discovery…
Statoil has made a small gas discovery in the Kramsnø prospect in production license 532, near to the Johan Castberg oil field, in the Barents Sea. The discovery is the fourth well in a five-well drilling campaign targeting oil in PL532…
For the first time in 20 years, Norway's government is looking to include a new area in the Barents Sea in its next exploration licensing round. Blocks in the Barents Sea south-east have been included in consultation documents issued…
Statoil ASA and partners Eni Norge AS and Petoro AS made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, drilled by the semisubmersible rig West Hercules, proved a 22m…
Wood Mackenzie’s annual review of Norway's upstream oil and gas industry concludes that the sector showed no signs of slowing down in 2013.The review cites high levels of development spend, asset deals, exploration activity, and a record NKr 176 billion (US$30 billion) capital investment…
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