Valhall News

These Norwegian Oil Fields Will Cut Output

May 11, 2020

Following Norway's decision in April to cut oil production to support oil prices, and the King's approval of the proposed cuts last week, the country's Energy Ministry on Monday announced the list of fields covered by the planned cuts that are expected to take effect from June…

Maersk Drilling Loses Two Offshore Rig Deals

Apr 20, 2020

Danish offshore drilling company Maersk Drilling has said it has received early contract termination notices for two of its drilling rigs.Maersk Drilling said Friday that Shell had the contract for the semi-submersible Mærsk Developer 'with immediate effect…

Aker BP Brings Norwegian Sea Project Online 3 Years Early

Apr 22, 2020

Norwegian oil firm Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea, which is, according to the company,  three years ahead of the original plan. The Ærfugl field produces via Skarv FPSO approximately 210 km west of Sandnessjøen…

Valhall Flank West Starts Production

Dec 17, 2019

Oil and gas company Aker BP announced on Tuesday it has produced first oil at its Valhall Flank West normally unmanned installation (NUI) in the Norwegian sector of the North Sea.The NOK 5.5 billion ($609.5 million) development aims to produce…

Aker BP Postpones Offshore Projects Due to Coronavirus

Mar 23, 2020

Norwegian independent oil firm Aker BP will postpone non-sanctioned projects to cut its planned 2020 capital and exploration spending by 20% due to the coronavirus but maintains its production guidance, it said on Monday.Capital spending for this year would be reduced to $1…

Aker BP Taps Tendeka for Sand-Face Completion Equipment

Mar 05, 2020

Offshore completions services company Tendeka has received a Letter of Intent for the supply of sand-face completion equipment to Aker BP’s Norwegian assets. Tendeka said the deal was a substantial one with a multi-million-pound scope.Over the next three years…

Kvaerner Says 2019 Result at 'Planned Levels.' Expects Revenue Drop in 2020

Feb 12, 2020

Norwegian offshore engineering and construction company Kvaerner expects 2020 revenue and EBITDA to be lower compared to 2019, citing an effect of the market cycle with few new orders in 2018 and 2019. Kvaerner on Wednesday released results for the fourth quarter and full year of 2019…

New Well Stimulation Method Debuts Offshore

Dec 10, 2019

The first successful “Single-Trip Multi-Frac” campaign has been executed on the Valhall field, marking the first time this specific well stimulation method has been performed offshore.“The traditional method takes two-three days to fracture a single zone of the reservoir…

Top 20 Stories of 2019

Dec 30, 2019

From reporting on major new deepwater discoveries and impressive engineering and technological feats, to expert commentary on impactful market trends, Offshore Engineer delivered no shortage of exciting offshore industry coverage throughout 2019…

Decommissioning Hard to Nail Down

Dec 23, 2019

The North Sea decommissioning picture is murky at best, and its constantly evolving timetable is proving difficult to plan for, judging by the qualifying comments of a number of operators and regulators, of late.While the technology of offshore…

Valhall West Flank to Start Up this Autumn

Oct 02, 2019

Norwegian authorities have given operator Aker BP the go-ahead to start up the Valhall West Flank facility in the North Sea this autumn.West Flank, a further development of the Valhall field, is an unmanned facility with 12 well slots, and it…

A Blue/Green Energy Revolution

Dec 17, 2019

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…

DeepOcean Extends with Solstad CSV

Dec 03, 2019

Offshore installation contractor DeepOcean has decided to extend the contract for Solstad Offshore's construction support vessel (CSV) Normand Jarstein.Solstad Offshore, the Norwegian offshore service and supply ship shipping company, said that…

Aker BP Cuts 2019 Oil Output Guidance

Oct 22, 2019

Aker BP ASA cut its full-year oil output target on Tuesday as production problems at the oil explorer's Valhall field in the North Sea offset a boost from the early opening of its Johan Sverdrup field in Norway.The company, jointly controlled…

Aker BP Q3 Output Lags

Oct 14, 2019

Norway's Aker BP fell short of its third-quarter oil and gas output target and will take an impairment charge of $80 million, it said on Monday, sending its shares down more than 4%.Daily output fell to 146,100 barrels of oil equivalents per day (boepd) in the July-September quarter period from 150…

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