Norway’s government will earn around NOK 265 billion ($30 billion) taxing and taking up stakes in its oil and gas fields in 2019, and Norwegian production is on the rise. In contrast, Britain in 2019 will earn about GBP 1.1 billion ($1.34 billion)…
The oil industry has a host of methods for keeping hydrocarbons moving smoothly through flowlines, depending on what might restrict production.Hydrates, or ice-like solids resulting from the combination of free water and natural gas at high pressure and low temperature…
While operators are in the business of producing oil and gas, their wells eventually produce sand. In addition to constricting the well’s oil and gas output, sand that reaches the topsides can damage critical equipment.Preventing sand production through completions is critical…
A gas module is being installed on the Equinor-operated Troll C platform to accelerate production from the Fram license in the northern part of the North Sea offshore Norway.The Fram field includes a number of reservoirs and is developed with…
Oilfield services company Churchill Drilling Tools revealed that an operator was able to improve its wellhead base jetting operations by deploying the DAV MX CircSub downhole circulation tool.The client, a major North Sea operator, having completed…
Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken, the Norwegian energy company announced on Thursday. It said the well was drilled by the Askepott rig and the discovery will soon…
Spanish public multinational utility company Iberdrola said that its gross operating profit (EBITDA) grew by 12.5% to €4.99 billion, due to the positive performances in the United States, Mexico and Brazil and the contribution of the Wikinger offshore wind farm…
European oil major Equinor said on Thursday it expects less capital expenditure this year, partly due to further cost savings at its Johan Sverdrup oilfield, after reporting quarterly earnings slightly below forecasts.Adjusted earnings before interest and tax (EBIT) fell to $3…
Williams, the provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks, acquired a deepwater natural gas pipeline system that connects offshore output to its Mobile Bay processing plant…
At the end of last week, Vroon subsea-support walk-to-work unit VOS Start arrived in IJmuiden after almost two years engaged in operations for offshore renewables client MHI Vestas Offshore Wind (MVOW).The Netherlands-flagged vessel commenced duties for MVOW in August 2017…
TechnipFMC announced on Monday it has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract from Neptune Energy for the Seagull project, located in the UK North Sea.The contract, which is said to be worth $75 million-$250 million…
The Norwegian Petroleum Directorate (NPD) expects that more than 50 exploration wells will be drilled in 2019. This is just as many as in 2018. Most of the wells being drilled in 2019 are wildcat wells, while in 2018 there was an almost equal number of wildcat and appraisal wells…
The gas platform for the Leviathan natural gas field is on its way to Israel from the Gulf of Mexico, the partners in the project said on Sunday.The first of four barges transporting the production structure units has left Texas and the other three will set sail in the coming weeks…
Production from the Trestakk subsea field on Haltenbanken in the Norwegian Sea started on July 16, the field's operator Equinor announced. Tied back to the Åsgard A floating production vessel, the field has estimated recoverable resources of 76 million barrels of oil…
The Gudrun partners have decided to invest in a water injection plant to improve declining production the Gudrun field in the middle of the North Sea, field operator Equinor announced on Tuesday. This will extend the field life by three years compared to the original plan…
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