Norway News

 

Equinor, Shell in Digital Solutions Alliance

Mar 05, 2020

Energy majors Shell and Equinor have signed a Memorandum of Understanding on digital collaboration to develop solutions and methods together through the exchange of expertise within areas like data science, artificial intelligence, and 3D printing…

TGS Delivers Utsira OBN Data

Mar 05, 2020

Norwegian offshore seismic data company TGS has said that processing of the northern half of its landmark ocean-bottom node (OBN) multi-client Utsira survey in the Norwegian North Sea is complete and has been delivered to pre-funding customers…

Investigation Launched After Gangway Disconnects from Floatel Endurance

Mar 05, 2020

The Norwegian authorities have launched an investigation after the gangway aboard the offshore accommodation rig Floatel Endurance disconnected from the unit last week.According to the Petroleum Safety Authority Norway, the incident happened on February 29…

Island Victory Vessel in Barents Sea Debut

Mar 04, 2020

Norwegian offshore vessel owner Island Offshore has informed that its Island Victory installation vessel – delivered in February – has finished mobilizing for its first campaign in the Barents Sea.Island Offshore said that the versatile vessel…

Equinor's Sverdrup Output to Reach Full Capacity in April

Mar 04, 2020

Output at Norway's Johan Sverdrup oilfield will rise to 433,000 barrels per day (bpd) in April from around 350,000 bpd at the end of last year, according to a schedule seen by Reuters which operator Equinor shared with oil traders. The first…

Equinor gets OK for Topaz Rig Use on Heimdal

Mar 04, 2020

The Norwegian energy company Equinor has received a regulatory consent to use the Topaz modular drilling rig at the Heimdal field in the North Sea, offshore Norway. More specifically, the Petroleum Safety Authority Norway has given its approval for the Equinor to install…

Wintershall DEA Gets OK for Island Constructor Use

Mar 03, 2020

Wintershall DEA Norge has received consent to used the Island Constructor well-intervention vessel at its Vega and Maria offshore fields in Norway.The Petroleum Safety Authority Norway said Monday that its consent applied for the use of the…

Endur Saves Endur Industrier

Feb 27, 2020

Norwegian company Endur has struck a deal with the bankruptcy estate to buy back Endur Industrier, a part of the recently bankrupted Endur Energy Solutions.As previously reported, Endur Energy Solutions, a provider of maintenance, modification…

Norway's Oil Fund Earned $180B in 2019

Feb 27, 2020

Norway's sovereign wealth fund, the world's largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion) as stock markets rallied, it said on Thursday. The $1.1 trillion fund's return for the year was stronger than that of its benchmark index…

Wellesley Charters Dolphin Drilling Rig for NCS Ops

Feb 26, 2020

Norwegian offshore drilling company Dolphin Drilling has signed a drilling contract for one of its rigs with Wellesley Petroleum.According to a statement released by the Dolphin Drilling CEO Bjørnar Iversen, the contract is for one firm well on the Norwegian Continental Shelf…

Wintershall Cuts Balderbrå Discovery Estimate After Appraisal Duster

Feb 26, 2020

Wintershall Dea Norge has reduced the size estimate of its Baldebra discovery in the Norwegian Sea, after an appraisal well near the 2018 gas find proved dry.The 6604/5-1 gas discovery was proven in Upper Cretaceous reservoir rocks (the Springar Formation) in 2018…

Eight Candidates Vye for Top Job at Norway's Oil Fund

Feb 25, 2020

Eight candidates are seeking to become the next head of Norway's sovereign wealth fund, in charge of managing a global portfolio of stocks, bonds and real estate worth $1.1 trillion, the Norwegian central bank said on Tuesday.The all-male list of candidates…

Oslo on Monday: 45 Oil Stocks Rattled

Feb 24, 2020

Despite a string of good-news messages in recent weeks, the price of oil continued its weeklong slide on Monday, taking with it many of Norway’s oil-focused stocks.A large swathe of listed offshore suppliers and energy companies took a pounding…

Aker BP Gets Skogul Start-Up Nod

Feb 24, 2020

Norwegian oil company Aker BP has received regulatory consent for the start-up of the Skogul field in the North Sea, offshore Norway.The Norwegian Petroleum Directorate granted its consent for the of the field in production license 460 on Monday…

OMV to Drill Hades Appraisal Well with Island Innovator Rig in June

Feb 21, 2020

OMV Norway has applied for an environmental permit to drill the Hades appraisal well in the Norwegian Sea about 280 kilometers north of Kristiansund.The subsidiary of Austria's OMV plans to use the Island Innovator semi-submersible drilling…

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Gallery: Giant Crane Vessel Lifts Snorre A Module

Gallery: Giant Crane Vessel Lifts Snorre A Module

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