Horisont Energi News

Indonesia Offers 8 Oil and Gas Blocks for Bids

Nov 29, 2021

Indonesia is putting eight new oil and gas blocks located across the archipelago up for bids, Tutuka Ariadji, the director general of oil and gas at the country's energy ministry, said on Monday.The oil and gas blocks had a total capacity of…

IKM Elektro to Maintain Electrical Equipment on Vår Energi's Offshore Platforms

Nov 23, 2021

Norwegian offshore oil and gas producer Vår Energi has signed an agreement with IKM Elektro for support to all its operated facilities on the Norwegian continental shelf (NCS). IKM Elektro will be responsible for inspection, service, and maintenance of electrical equipment and rotating machines…

Eni Hires JP Morgan to Work on Vår Energi Listing - Sources

Nov 10, 2021

Italian energy group Eni has hired JP Morgan to work on a possible listing of its Vår Energi joint venture which could value the Norwegian oil and gas operator at up to $15 billion, three sources familiar with the matter said.A final decision…

Norway: ConocoPhillips Files Plan for Tommeliten A Offshore Field Development

Nov 08, 2021

ConocoPhillips presented on Monday plans for the development of Norway's Tommeliten A gas and condensate discovery, with total investments expected to amount to 12.5 billion crowns ($1.46 billion), the U.S. oil firm said.Located in the southern sector of Norway's North Sea…

Wintershall Dea Starts Drilling Production Wells at Nova Field Off Norway. First Oil in 2H 2022

Nov 04, 2021

German oil and gas firm Wintershall Dea has started drilling production wells at its Nova field in the Norwegian North Sea.Using Saipem's Scarabeo 8 semi-submersible rig, Wintershall Dea will drill three production wells and three water injection wells through two subsea templates…

OMV to Sell Stake in Arctic Offshore Oil Field Wisting to Lundin Energy

Oct 28, 2021

Austrian oil and gas company OMV has agreed to sell its 25% stake in the Wisting offshore oil field in the Barents Sea off Norway, to the Swedish oil firm Lundin Energy for $320 million. OMV, which discovered the oil field in 2013, said it was focusing increasingly on low-carbon projects…

A Seismic Shift

Oct 28, 2021

Despite oil prices recently edging past $80 a barrel, scars from two recent oil industry downturns in five years have forced offshore seismic surveyors to look at ways to diversify.Marine seismic survey companies provide essential data to offshore…

ASCO to Provide Logistics Services for Horisont Energi's Barents Blue Project

Oct 27, 2021

Horisont Energi, a Norwegian company developing a blue ammonia project in Norway that involves offshore carbon storage, has signed a four-year framework deal with logistics and supply company ASCO Norge, with an option to extend it.Horisont…

Vår Energi's Shareholders Launch Strategic Review

Oct 27, 2021

Eni and Point Resources plan to launch a strategic review regarding the future ownership structure of the Norwegian offshore oil and gas company Vår Energi.Italian oil giant Eni a owns 69.85% stake in Vår Energi, and HitecVision-backed Point Resources owns the remaining 30…

Neptune Energy Starts Drilling Production Wells at Fenja Field. First Oil in 1H 2023

Oct 26, 2021

Oil and gas company Neptune Energy has started drilling the first of four production wells on the Fenja field in the Norwegian Sea.The wells are being drilled by the Deepsea Yantai semi-submersible rig, owned by CIMC, and operated by Odfjell Drilling…

Equinor's Barents Sea Johan Castberg Project Faces Further Delay, Cost Overrun

Oct 12, 2021

Equinor's Johan Castberg Arctic oilfield will cost some 10% more to develop than expected a year ago, and will start production later than expected, primarily due to the pandemic, the Norwegian government's budget showed on Tuesday.The project…

Vår Energi Makes Discovery at Rødhette Offshore Well

Oct 11, 2021

Norwegian oil and gas company Vår Energi has made a smaller than expected discovery at the Rødhette exploration well in the North Sea, off Norway.Vår Energi's partner Longboat said Monday that the well formally named 7122/6-3 S had encountered…

Horisont Energi Picks Port of Rotterdam as European Distribution Hub for its Blue Ammonia

Oct 08, 2021

Horisont Energi, a company working to develop its blue ammonia project in Norway, has signed a deal with liquid bulk storage company Koole Terminals to develop an ammonia terminal and storage facility at the Port of Rotterdam, for further distribution…

Wood to Support Horisont Energi's Barents Blue Project

Oct 06, 2021

Horisont Energi, a low-carbon technology company based in Norway, has signed a framework agreement with Wood, a major global consulting and engineering firm.As Horisont Energi continues to mature projects in clean ammonia and hydrogen, Wood…

Aker BP Files Development Plan for North Sea Oil Field

Sep 27, 2021

Norwegian oil and gas company Aker BP has filed a development plan for the Frosk offshore field to the Norwegian Ministry of Petroleum and Energy.The Frosk field, found in 2019, is situated some 25 kilometers southwest of the Alvheim FPSO in the North Sea…

Current News

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Floating WInd Tech: TetraSpar Demonstrator Starts Operation Off Norway

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Ørsted Reaches FID on Two German Offshore Wind Farm Projects

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UAE's ADNOC to Invest $127B in 2022-26 as Oil, Gas Reserves Rise

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