Norway News

 

Are O&G Digital Twins Useful? DNV GL Moves to Find Out

Apr 23, 2020

Offshore classification and technology advisory group DNV GL has set out to test and see if Digital Twin technology and data can be trusted and if they deliver value.The Norway-based firm has thus launched an international call to oil and gas…

Keppel Delivers New Jack-Up Drilling Rig to Borr Drilling

Apr 23, 2020

Singapore-based offshore drilling rig builder Keppel Offshore & Marine has delivered a newbuild jack-up drilling rig to Norway's Borr Drilling.The rig, named Hild, was built to Keppel's KFELS Super B Class design. The Hild is the sixth jack-up that Keppel has delivered to Borr Drilling…

Equinor Slashes Dividend by 67% to Preserve Cash

Apr 23, 2020

Norwegian oil firm Equinor will cut its quarterly dividend payment by two-thirds as part of an effort to preserve cash amid the collapse in crude prices, it said on Thursday.The first-quarter cash payout to shareholders will be $0.09 per share…

DOF: Several OSVs Might Go in Layup

Apr 22, 2020

Norwegian offshore vessel operator DOF has warned that several of its vessels might be laid up after the end of their current contracts, citing lack of new work opportunities amid the oil price rout and COVID-19 pandemic effects. On a positive note…

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…

Equinor Exploration Manager Steps Down to Take New Role

Apr 22, 2020

Norwegian oil and gas company Equinor has informed that its executive vice president Exploration Tim Dodson will step down as executive vice president Exploration, a role he held since 2011.In what Equinor said was a planned change to the leadership of Exploration…

Norway Deciding Whether to Cut Oil Output

Apr 21, 2020

Norway's oil minister reiterated on Tuesday that Western Europe's largest oil producer was soon to conclude whether to cut its output following historical curbs agreed by the OPEC+ group.Brent crude front-month contract fell to $18.10 a barrel on Tuesday…

Worker Injured aboard Oseberg B Platform

Apr 21, 2020

An offshore worker was injured last week after falling from a height of 3.6 meters aboard the Equinor-operated Oseberg B platform in the North Sea, offshore Norway.The country's offshore safety regulator PSA Norway said Tuesday it had launched…

Norwegian Supreme Court to Hear Lawsuit Against Arctic Drilling

Apr 20, 2020

Norway's supreme court will hear a lawsuit opposing the country's Arctic oil exploration brought by Greenpeace and other environmental groups, it said on Monday, in a landmark case for Western Europe's largest oil and gas producer.The environmental…

Vår Energi Names VP Field Development

Apr 20, 2020

Norwegian oil and gas firm Vår Energi will appoint Bjørn Thore Ribesen (49) to a newly created position as VP Field Development & Projects.Ribesen joins Vår Energi as from the position of Senior Vice President, Drilling & Wells in another Norwegian oil firm Aker Energy…

Equinor Gets Another Consent for Troll B Life Extension

Apr 20, 2020

After receiving consent from the Petroleum Safety Authority Norway for the extended operation of the Troll B offshore platform, oil firm Equinor has now received the green light from the Norwegian Petroleum Directorate, too.The authorities have…

Norwegian Seismic Firm Cleared of Tax Fraud Charges

Apr 17, 2020

Norwegian seismic data firm TGS has been cleared of charges for tax fraud laid by the country's prosecutors in relation to the company's seismic data deal in 2009.Back in October 2018, Oslo district court ruled TGS was guilty for aiding and abetting violations of the Tax Assessment Act…

Norway's Oil Output in March Lower than Expected

Apr 17, 2020

Norway's oil production fell in March from the previous month, missing official forecasts by 4.4% due to technical problems at some fields, the Norwegian Petroleum Directorate said on Friday.The country's crude oil output was down by 4.5% month-on-month from February to 1…

IKM Testing in Long-Term Barents Sea FPSO Work Award

Apr 16, 2020

Norwegian energy giant Equinor has awarded IKM Testing a long-term contract for work at Johan Castberg FPSO destined for deployment in the Barents Sea, offshore Norway.The scope of work for IKM Testing covers N2/He Leakage testing & PSV calibration and supplementary work related to testing such as…

Norway to Announce Oil Output Decision 'Soon'

Apr 13, 2020

Norway, Western Europe's largest oil producer, will announce its decision on whether to slash crude output soon, potentially adding its weight to a global push to shore up prices, the energy minister said on Monday.'The agreement among the OPEC+ producer nations is very positive…

Current News

Halted Shares of Sembcorp Marine, Parent in Focus in Singapore

Halted Shares of Sembcorp Marine, Parent in Focus in Singapore

Keppel, Borr Drilling Agree on Jack-Up Deliveries Delay

Keppel, Borr Drilling Agree on Jack-Up Deliveries Delay

Seacor Marine Takes Full Ownership of Seacosco

Seacor Marine Takes Full Ownership of Seacosco

Eidesvik Wins PSV Charters with Aker BP

Eidesvik Wins PSV Charters with Aker BP

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