Norway News

 

OKEA Moves Draugen Maintenance Forward as Norway Imposes Output Cuts

Jun 03, 2020

Norwegian oil and gas firm OKEA will carry out maintenance works on its Draugen platform earlier than initially planned, following the Norwegian government's decision in April to cut oil production to support oil prices.OKEA's Draugen field in the Norwegian Sea…

Solstad Offshore Names New CFO

Jun 02, 2020

Norwegian offshore vessel provider Solstad Offshore has appointed Kjetil Ramstad as the CFO position. Ramstad comes from the position as Finance Director in Solstad Offshore and has worked for the company since 2018. Prior to joining Solstad Offshore…

Aker Solutions CFO to Resign

Jun 02, 2020

Norwegian offshore engineering company Aker Solutions has said its Chief Financial Officer Ole Martin Grimsrud will resign in September.Aker Solutions said Tuesday that Grimsrud had given notice that 'he will leave the company September 1, 2020…

PSA Norway OKs Neptune's Gjøa Drilling Plans

Jun 01, 2020

Oil and gas company Neptune Energy has been given a regulatory consent to use the Deepsea Yantai drilling rig for production drilling at its Gjøa field, offshore Norway.According to the Petroleum Safety Authority Norway which gave the consent last week the drilling will take 240 days to complete…

Norway Earmarks $369M for Green Industry Investments

May 29, 2020

The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.'The crisis we are now in hasn't…

Siemens, Equinor Sign Safety and Automation Systems Deal

May 29, 2020

Siemens and Equinor have signed a framework agreement for the provision of safety and automation systems (SAS) for multiple oil and gas installations on the Norwegian continental shelf (NCS). The agreement, signed in late 2019, but revealed by Siemens this week…

Norway Raises Spending from Oil Fund to $44B in 2020

May 29, 2020

Norway's government has further raised its projected 2020 spending from the country's sovereign wealth fund to 424.6 billion Norwegian crowns ($43.67 billion) from 419.6 billion seen on May 12, it said on Friday.The so-called structural non-oil deficit corresponds to 4…

Aker BP Cleared to Use Maersk Invincible Rig for P&A at Valhall

May 29, 2020

Norwegian oil company Aker BP has secured consent from the Petroleum Safety Authority Norway to use the Maersk Invincible jack-up rig on its Valhall field in the North Sea, offshore Norway.The consent is for the use of the Maersk Invincible…

Heimdal Incident Could Have Been Fatal, Safety Body says

May 28, 2020

Norway's offshore safety authority PSA Norway has completed its investigation into the cylinder burst incident that happened aboard Equinor's Heimdal platform off Norway in November 2019.The incident, in which two workers were seriously injured…

Solstad: COVID-19, Low Prices to Hit 2020 Revenue

May 28, 2020

Norwegian offshore vessel owner Solstad Offshore on Thursday posted a higher 1Q revenue but expects its full-year revenue in 2020 to be negatively affected by the COVID-19 pandemic and sharp decline in the oil price.Solstad’s revenue for the first quarter of 2020 was MNOK 1…

Siem Offshore in Standstill Agreement with European Lenders

May 28, 2020

Norwegian offshore vessel owner Siem Offshore entered into a standstill agreement with its secured lenders in Europe and Norway for the period from May 29, 2020, until April 30, 2021. The terms of the agreement include 100% deferral of principal and interest until the end of the standstill period…

Photo: Johan Castberg Anchor System Installation Underway

May 27, 2020

Norwegian offshore vessel contractor Island Offshore has shared photos of what it says is one of the most comprehensive anchoring projects globally in 2020 - the installation of an anchor system for Equinor's Johan Castberg project in the Barents Sea…

Norway: OMV Gets NPD Nod for Hades Drilling

May 27, 2020

Austrian oil and gas firm OMV has been granted a permit for the drilling of the offshore well 6506/11-12 S in the Norwegian Sea.The company's Norwegian subsidiary OMV Norge will use the Island Innovator semi-submersible to drill the appraisal…

Worker Suffers 'Crushing Injury' During Pipelaying Works off Norway

May 27, 2020

One person suffered a 'crushing injury' earlier this week aboard the North Sea Atlantic offshore vessel working at Lundin Energy's Edvard Grieg field, offshore Norway.The person was flown to hospital by rescue helicopter for treatment following the accident…

TGS Starts Norwegian Sea Seismic Survey

May 27, 2020

Norwegian seismic data company TGS has begun its previously announced Atlantic Margin 3D multi-client seismic survey offshore north-west Europe using the Polarcus Adira survey vessel.The AM20 survey covers the latest APA19 awards in the Norwegian…

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