Norway News

 

COVID-19 Challenges for UK's and Norway's E&P

Apr 03, 2020

The world has been transformed in the past month since the Covid-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand and has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilize oil prices…

TGS to Use Polarcus Adira Vessel for Norwegian Sea Survey

Apr 02, 2020

TGS, a Norwegian provider of multi-client geoscience data for exploration & production firm, has said it will be starting the Atlantic Margin 20 (AM20) 3D multi-client project as soon as the marine seismic acquisition season gets underway in north-west Europe this summer…

Aker Solutions Slashes 650 Jobs in Norway and UK. More Cuts Ahead

Apr 01, 2020

Norwegian offshore engineering and construction company Aker Solutions laid off 400 employees in Norway and 250 employees in the UK, as per April 1, and it might need to lay off up to 6000 employees in Norway. The company has said the layoffs are temporary…

Norway: No Oil Production Cuts Despite Price Drop

Mar 31, 2020

Norway's oil production remains profitable despite the recent plunge in prices and it does not plan to shut output, the country's Minister of Petroleum and Energy said on Tuesday.The price of North Sea Brent crude fell to its lowest level in…

Equinor Extends Facility Management Contract with Coor

Mar 31, 2020

Swedish company Coor has won offshore facility management services extension with Norway's oil company Equinor.Coor, which has delivered facility management services to five of Equinor's oil platforms since 2015, has won now won a three-year extension…

Norway to Admit Non-Resident Europeans Working in Oil Industry

Mar 31, 2020

Norway will allow entry to certain European citizens for work in sectors critically short of labor including agriculture and the oil industry despite its lockdown to fight the coronavirus pandemic, the government said on Monday.The measure, which takes immediate effect in the Nordic country…

40th Anniversary of Norway's Worst Offshore Disaster

Mar 30, 2020

It was March 27th, 1980. The Alexander Kielland offshore accommodation unit was linked to the Edda platform in the Ekofisk area of the North Sea, offshore Norway.Workers aboard were weather-bound to the floatel, because of the fog, and then the storm began to blow up…

Norway Offers 36 Offshore Blocks, None in Barents Sea

Mar 30, 2020

Norway is offering oil firms 36 offshore exploration blocks in this year's licensing round in mature areas and for the first time in a decade did not offer any blocks in the Barents Sea.All the blocks are offered in the western part of the Norwegian Sea…

Equinor's Johan Sverdrup to Hit Upgraded Oil Output Target in May

Mar 30, 2020

Norwegian oil company Equinor has said its Johan Sverdrup field will reach plateau production faster than previously expected. The company also said that the North Sea field's plateau target will increase.The giant oil field's first phase is now expected to reach plateau production in early May…

Equinor to Quit U.S. Lobby Group Over Climate Policy

Mar 27, 2020

Equinor will leave industry lobby group the Independent Petroleum Association of America (IPAA) over a disagreement about climate policy, the energy producer said on Friday.The Norwegian company is undertaking a review of its memberships of…

EMGS in Survival Mode. Cuts Workers, Vessels

Mar 27, 2020

Norwegian offshore survey company has announced severe cost-cutting measures that will lead to termination of most employees and consultants and cold stacking of vessels.EMGS recently lost what was expected to be a long-term contract with Pemex in Mexico…

Equinor Resumes Martin Linge Work, after Coronavirus-linked Halt

Mar 27, 2020

Norway's Equinor has restarted work at its Martin Linge development in the North Sea following a haltafter an offshore worker tested positive for coronavirus, the company said on Thursday.'We are gradually stepping up activities again. We have cleaned and disinfected facilities…

Norwegian Workers Might Need to Stay Offshore for 28 Days

Mar 26, 2020

Coronavirus outbreak in Norway has led some oil companies to extend offshore stays for its workers from 14 days to 21 days. The offshore stays might now be extended to 28 days.In an update on Thursday, the Petroleum Safety Authority said: 'In…

Norway Takes More Time to Decide on North Sea Cable Project

Mar 25, 2020

Norway is postponing a decision on whether to allow companies to construct a new subsea power cable between it and Scotland, the government said on Wednesday.Known as NorthConnect and partly owned by Swedish energy group Vattenfall, the project…

Equinor Cuts Capex, Opex. Says Can Be Cashflow Neutral at $25 a Barrel

Mar 25, 2020

Norwegian oil firm Equinor will cut investments, exploration drilling and operating costs as part of a $3 billion plan to help the company weather the coronavirus crisis and low oil prices, it said on Wednesday.Equinor will halt its onshore drilling in the United States…

Current News

Oil Prices Up as Faith in Supply Cuts Grows

Oil Prices Up as Faith in Supply Cuts Grows

AET Takes Delivery of Petrobras-bound Shuttle Tanker

AET Takes Delivery of Petrobras-bound Shuttle Tanker

UK: All-Energy Event Postponed Again

UK: All-Energy Event Postponed Again

OGA: UK North Sea Gas Less Carbon Intensive than Imported LNG

OGA: UK North Sea Gas Less Carbon Intensive than Imported LNG

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