Gro Stakkestad, manager of subsea intervention and pipeline repair, Equinor, weighs in on her company’s thoughts on subsea resident vehicles.Why are subsea resident vehicles attractive now?The recent downturn in the oil price combined with ever…
Sinomine Specialty Fluids (formerly Cabot Specialty Fluids) said it has signed a framework agreement with Equinor for supply of cesium drilling and completion fluids to the company’s operations on the Norwegian Continental Shelf. The contract…
The number of wells drilled could challenge all-time high levels by the end of the year in the Norwegian Continental Shelf (NCS), while global offshore exploration activity has been flat year-to-date.Rystad Energy expects that this high activity…
Transocean has deployed the world’s first hybrid energy storage system aboard a floating drilling unit. The system is now operational on the Transocean Spitsbergen, engaged in drilling operations at the Snorre field in Norway, the drilling contractor said on Wednesday…
Wintershall Dea has agreed to sell its stakes in Norway's Nyhamna gas processing terminal and the Polarled gas pipeline to CapeOmega and Solveig Gas to focus on its upstream oil and gas activities, the German oil and gas company said on Tuesday…
The starting gun on a subsea space race has now officially been fired with the first ever award of a contract that includes services from a subsea resident drone.But, what is less known is that the award, made by Equinor to Saipem for operations on the Njord field…
ExxonMobil said on Thursday it will sell its Norwegian upstream oil and gas assets to independent exploration and production company Vår Energi for $4.5 billion as part of an ongoing large-scale global divestment plan.The deal, which is expected to close in the fourth quarter…
Late last week, a large Equinor spending allotment passed under the radar of many a news stream: the Norwegian offshore operator was given a $230 million grant by largest shareholder, Oslo, to pursue wind projects, or at least one in particular…
Equinor will receive a 2.33 billion Norwegian crown ($260 million) subsidy for its planned construction of floating wind turbines to supply power to North Sea oil platforms, Norwegian state investment agency Enova said on Thursday.Equinor says…
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)…
In one month – from June 11 to July 13 – 14 templates delivered by Aker Solutions and TechnipFMC were installed by vessels Edda Freya and Normand Vision on behalf of Equinor at four fields on the Norwegian continental shelf. The templates are all built according to the same…
Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.Equinor’s objective was to investigate potential reservoir rocks in several levels: Upper Jurassic intra Draupne Fm sandstones, Upper Triassic Skagerrak Fm…
Subsea services firm DeepOcean said it has been awarded a contract from Norwegian energy company Equinor for marine operations for the installation of the Vigdis boosting station.The award to covers project management, engineering and offshore installation activities…
With more demonstrators in the water, more substantial players are taking interest in floating offshore wind.For some time, floating offshore wind has been something of a niche, but now full-scale demonstrators are in the works, and bigger players – including oil and gas companies – are taking note…
ExxonMobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.Two years ago the U.S. major – the world's largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other fields…
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