Norway News

 

A Dutch decommissioning opportunity - seeking renewables and CCS alternatives

Dec 27, 2017

While decommissioning is often seen as a challenge, to the Dutch it is also an opportunity. Elaine Maslin reports (First published in the December 2017 OE, access the full issue here). The Dutch don’t have the largest patch of the North Sea by a long shot…

Year in review: 2017

Dec 27, 2017

Taking a look back on the year that was 2017, our OEdigital.com website's most popular stories pretty much tell everything you need to know.  While the industry is still adjusting to the downturn, the bright spots are few, but significant…

Saipem wins Angola's West Hub SURF

Dec 22, 2017

Saipem has signed a contract with Eni Angola in relation to the West Hub Development project in Angola, which incorporates the work orders previously assigned and communicated in 2016 and 2017 and adds the scope of work for the development of the Vandumbu field in Block 15/06…

North Sea Giant to be fitted with energy storage "world's first"

Dec 22, 2017

Finnish power firm Wärtsilä is to retrofit an energy storage solution on to Norwegian North Sea Shipping's North Sea Giant offshore construction vessel in what's being described as a world's first. The energy storage system will reduce the DP3 vessel’s energy consumption…

Petrobras to maintain E&P spend in 2018

Dec 21, 2017

Petrobras has released its new 2018-2022 business plan, in which the Brazilian giant has promised to maintain about the same level of investments in exploration and production (E&P) as it listed in last year's plan.  Photo from OE/Audrey Leon…

Russia makes most discoveries in Q3 2017

Dec 21, 2017

A total of 30 oil and gas discoveries were made in Q3 2017. Of these, 18 were conventional oil, one was heavy oil, one was unconventional gas, and the remaining 10 were conventional gas, according to analytics firm GlobalData. Among countries…

Statoil moves on $2.27 billion Snorre Expansion Project

Dec 21, 2017

Norway's Statoil is planning to start production from a US$2.27 (NOK19 billion) expansion project on its Snorre field in the Norwegian North Sea by 2021, tapping an additional 200 MMbo from the field and extending its life out to at least 2040…

SBM taps Drydocks for Johan Castberg turret

Dec 20, 2017

Turret specialist SBM Offshore has contracted Dubai based Drydocks World to construct the turret mooring system for Statoil’s Johan Castberg floating production storage and offloading (FPSO) vessel.  The Johan Castberg FPSO will be permanently…

North Sea's first FPSO heads to Brazil

Dec 20, 2017

Teekay's Petrojarl I floating production, storage and offloading (FPSO) vessel has sailed away from Aibel's shipyard in Norway. The TenTech 685-design vessel, which was the North Sea's first FPSO when it was delivered in 1986 by NKK in Japan…

Repsol files revised Yme field plan

Dec 20, 2017

A revised plan for development and operation (PDO) for the Yme field in the Norwegian North Sea has been submitted to Norway's Ministry of Petroleum and Energy by operator Repsol. Repsol says it's going to invest about US$960 million (NOK8 billion) in the Yme New Development project…

TechnipFMC banks Fenja iEPCI, with longest ETH pipeline planned

Dec 20, 2017

VNG Norge has made a contract award to TechnipFMC for integrated engineering, procurement, construction and installation (iEPCI) on the Fenja field in the Norwegian Sea offshore Norway. The contract covers the provision of subsea equipment including umbilicals…

Year in review: Top 10 2017 capex projects

Dec 19, 2017

Audrey Leon takes a look through some of the industry’s biggest ongoing projects by capex in 2017. Five of the 10 biggest projects by capex were offshore projects in 2017, led by Inpex’s Ichthys LNG project offshore Australia.  Ichthys…

Statoil adds Roncador stake off Brazil

Dec 18, 2017

Norway's Statoil is set to triple its production in Brazil after agreeing to acquire a 25% stake in the Roncador oil field in Brazil's Campos Basin from Petrobras. Statoil CEO Eldar Sætre (left) and Petrobras…

Wintershall's Maria online, ahead of schedule

Dec 18, 2017

Germany's Wintershall has started production from the Maria subsea tieback offshore Norway a year ahead of schedule and 20% under budget.  The Maria field development cost about US$1.43 billion (NOK12 billion), $358.9 million below the original budget…

Aker BP submits three PDOs

Dec 15, 2017

Norwegian operator Aker BP has submitted three plans for development and operations to the Norwegian Ministry of Petroleum and Energy for projects on the Norwegian Continental Shelf.  Aker BP is planning to develop Valhall Flank West…

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