Partners in the Northern Lights project will drill an exploration well south of the Troll field in the North Sea with the objective to not find oil and gas.Wildcat well 31/5-7 Eos is being drilled to investigate whether the reservoir in the…
A seismic shift in the dialogue around big oil and climate has occurred in the past 12 months. It’s a change in how big oil is orientating itself around what many call the energy transition. Climate goals - governmental, international and industry…
Aker Solutions aims to adjust its portfolio of products and technologies to include more renewable energy and low-carbon technologies over the next decade, Norway's largest oilfield services firm said on Wednesday.While oil and gas will remain its biggest market…
Norway's Equinor and its partners in the Northern Lights underground carbon dioxide (CO2) storage project offshore Norway have signed preliminary agreements with seven potential industrial customers for the venture.The agreements are a crucial…
Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion…
A/S Norske Shell has completed the sale of its interests in the Draugen and Gjøa offshore fields in Norway for 4.52 Billion NOK (US$526 million) to Norwegian focused OKEA AS.The deal is part of Shell's global $30 billion divestment program and will see the supermajor exits its 44…
Statoil has awarded Norwegian firm Multiconsult a for site preparation and marine structures for Statoil's carbon capture and storage (CCS) demonstration project offshore Norway. The project, called Northern Lights by Statoil, will see…
Lundin believes the future is in the north. Elaine Maslin reports on the firm’s plans for the Alta Gohta development. An artist’s impression: Alta Gohta. Image from Lundin. Norway’s far north…
Lundin Petroleum's latest well on the Alta field in the southern Barents Sea has confirmed reservoir communication and qualities. Lundin is now planning a sidetrack well, which will help to plan for the drilling of a horizontal well for use as in an extended well test…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Petroleum subsidiary Lundin Norway AS a drilling permit to drill a wildcat well in the Barents Sea. The company will drill well 7220/6-3 in Production License 609 using the Leiv Eiriksson semisubmersible…
GE’s Marine Solutions was awarded a service contract by CIMC Raffles to provide the first dry-dock services on two of Gazflot’s semisubmersible drilling vessels, the Northern Lights and Polar Star. During the dry-docking, GE’s Marine…
The North Sea basin has a two-year transformation window in which to ensure a strong, productive and profitable future for the sector according to senior oil and gas executives interviewed for PwC’s latest report, 'A Sea Change.' While…
Statoil will launch a drilling campaign in the Norwegian Barents Sea before the end of the year with four exploration wells in the Skrugard area, the company announced at this year’s Offshore Northern Seas (ONS) conference in Stavanger. But its Arctic ambitions go much farther…
Subscribe
