Norway News

 

Key Offshore Wildcat Wells At Risk of Being Suspended

11 hours ago

At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the blended impact of COVID-19 on oil and gas activities and the oil price war, Rystad Energy said Tuesday.These wells, the Norwegian energy intelligence firm said, located in Norway, Brazil, the Bahamas, Guyana, the US, Gambia, and Namibia would target a combined 7 billion barrels of oil equivalents (boe)…

Ocean Installer Charters Island Victory for Barents Sea Work

3 hours ago

Offshore installation company Ocean Installer has chartered Island Offshore's Island Victory vessel for work in the Barents Sea, offshore Norway.Island Offshore said Wednesday the vessel had already started working for Ocean Installer on a 60…

Equinor's $466M Floating Wind Farm Plan Approved

5 hours ago

Norway approved on Wednesday Equinor's 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, the energy ministry said.The long-planned project…

Nova Module Set for Gjøa Platform Installation, Neptune Energy Says

9 hours ago

Oil and gas firm Neptune Energy has announced the load out of the 740-tonne topside module for the Nova brownfield project in the Norwegian North Sea.The module was lifted onto a barge at the Rosenberg Worley yard in Stavanger and will be transferred to the world's largest crane vessel…

Norway Economic Activity Shrank 14% in March

10 hours ago

Norway's economic activity excluding the offshore oil and gas industry fell 14% as of the end of March compared with the end of February, preliminary data from Statistics Norway showed on Wednesday in a new snapshot look at how the economy is doing…

Allseas' Pioneering Spirit Vessel to Remove Valhall Platforms

10 hours ago

Offshore installation and decommissioning firm Allseas has won a contract to remove three complete offshore platforms and two jackets in Norway for Aker BP.The company said on Wednesday that Aker BP had awarded it a deal to Aker BP for the removal…

Gallery: Giant Crane Vessel Lifts Snorre A Module

Apr 07, 2020

World's largest semi-submersible crane vessel Sleipnir on Saturday picked up a module for Equinor's Snorre A platform from the quayside at Aibel's yard in Haugesund, Norway.The 220-meter long and 102-meter wide vessel Sleipnir recently arrived…

Havila Shipping Reaches Debt Restructuring Deal

Apr 07, 2020

Norwegian offshore vessel owner Havila Shipping has struck a debt restructuring deal with lenders, conditional upon approval from formal bodies. At January 1, 2020, Havila's outstanding debt was NOK 4,222 million (around $410 million), which…

Wintershall Dea Discovers Oil at Bergknapp Prospect Off Norway

Apr 07, 2020

Wintershall Dea Norge has made an oil discovery at the Bergknapp prospect in the Norwegian Sea, offshore Norway.The wildcat well 6406/3-10 (as it is formally named) is located in the production license 836 S, about eight kilometers west of the…

Norway May Join OPEC Meeting

Apr 06, 2020

Norway has been invited to and is considering attending the OPEC meeting on April 9 as an observer, and would reduce output provided there is broad support to do so, the country's oil ministry said on Monday.The ministry reiterated in an email…

Aker BP Makes Small Gas Discovery off Norway

Apr 06, 2020

Norwegian oil company Aker BP has made a minor gas discovery in the Norwegian Sea, 210 kilometers west of Brønnøysund.The Norwegian Petroleum Directorate reported on Monday that Aker BP had completed the drilling of the wildcat well 6506/5-1 S…

Norway May Cut Oil Output if Other Big Producers Agree Deal

Apr 05, 2020

Western Europe's largest oil and gas producer Norway said on Saturday it would consider cutting its oil production if a global deal to curb supply is agreed by the world's biggest producers.OPEC and its allies are working on a deal for an oil…

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

Apr 03, 2020

Pipeline gas flows from Norway to Britain fell 44% on Friday from the start of the week as the summer gas season starts and coronavirus lockdowns continue to hit demand, data shows.Pipeline gas flows to Britain fell to 49.7 million cubic meters (mcm) per day on Friday…

Head Energy's EPCIC Engineering Division Names Operations Manager

Apr 03, 2020

Norwegian offshore engineering company Head Energy has made a new addition to its EPCIC Engineering Division. EPCIC stands for Engineering, Procurement, Construction, Installation & Commissioning.Head Energy said Friday that Oskar Leirgulen had joined the division as operations manager…

EU Funds Floating Wind Turbine Project in Norway

Apr 03, 2020

The European Union has granted funds to an international consortium led by Spain's Iberdrola, to install and test a floating wind turbine in Norway.Norwegian Offshore Wind Cluster said earlier this week that the EU had granted NOK 290 million (~$27…

Current News

Ocean Installer Charters Island Victory for Barents Sea Work

Ocean Installer Charters Island Victory for Barents Sea Work

Oil Holds near $32 ahead of OPEC-Led Talks on Output Cuts

Oil Holds near $32 ahead of OPEC-Led Talks on Output Cuts

Arup Names Americas Offshore Wind Head

Arup Names Americas Offshore Wind Head

Equinor's $466M Floating Wind Farm Plan Approved

Equinor's $466M Floating Wind Farm Plan Approved

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