Offshore Arctic News - page 2

 

Wintershall Dea Targets Record 200,000 boed Production from Norway in 2023

Jan 11, 2023

Germany's Wintershall Dea aims to produce a record 200,000 barrels of oil equivalent per day (boed) from Norwegian oil and gas fields in 2023 and will continue to expand its business there, the head of the company's Norwegian unit told Reuters…

Norway Awards 47 Offshore Oil and Gas Exploration Licenses

Jan 10, 2023

Norway has awarded 47 new offshore oil and gas exploration permits to 25 firms in its latest mature areas licensing round, the energy minister said on Tuesday. 'Today's award is an important contribution to ensuring that Norway remains a safe and predictable supplier of oil and gas to Europe…

Vår Energi Makes Norway's 'Largest Discovery of 2022' in Barents Sea

Dec 23, 2022

Norway's Vår Energi, majority owned by Italy's Eni, said on Friday it had made a gas discovery near the Goliat field in the Arctic Barents Sea, supporting the group's long-term plans to expand in the area. 'This is the largest discovery on the…

Barents Sea: Equinor Starts Production from Askeladd Offshore Field

Dec 12, 2022

The Norwegian oil and gas company Equinor has started production from the Askeladd offshore field in the Barents Sea.The first phase of Askeladd will bring 18 billion cubic meters of gas and two million cubic meters of condensate to the market via the Hammerfest LNG plant on Melkøya…

Equinor to Drill 25 Offshore Exploration Wells in Norway in 2023

Nov 29, 2022

Norwegian major Equinor plans to drill 25 exploration wells off the Nordic country next year, compared with 22 wells this year, most of them in the North Sea, a senior executive said on Tuesday. A 'small handful' of wells will be drilled in the Norwegian and Barents Seas each…

Plans for World's Northernmost Offshore Oil Field In Doubt as Costs Soar

Nov 10, 2022

Soaring costs and supply chain bottlenecks have put a question mark over plans for what would be the world's most northern oilfield in production, with Norway's Equinor and its partners postponing a decision on the Arctic project. Environmental…

Arctic LNG 2 Project on Track for 2023 Output Start, Mitsui CFO

Nov 01, 2022

The Arctic LNG 2 project in Russia is on track to start production of the first train in 2023, Mitsui & Co Ltd Chief Financial Officer Tetsuya Shigeta said on Tuesday. The Japanese trading house intends to stay in the Sakhalin-2 gas and oil…

Equinor to Issue Complementary Assessment for Wisting Oil Field Project

Oct 24, 2022

The Norwegian energy giant Equinor said Monday it would issue a complementary assessment for the Wisting oil field development in the Barents Sea for public consultation.'The complementary assessment elaborates some key subjects from the impact assessment…

Technip Energies to Leave Arctic LNG 2 Project in H1 2023

Oct 20, 2022

Technip Energies TE.PA expects to fully exit the liquefied natural gas project (LNG) Arctic LNG 2 led by Moscow-listed gas producer Novatek next year, the French oil and gas services provider said on Thursday.The group, which said in March it was renouncing new business opportunities in Russia…

Russia Says Output Recovery at Sakhalin 1 Depends on Exxon

Sep 07, 2022

Russia's energy minister said on Wednesday the recovery of oil production at the Sakhalin-1 oil and gas project in Russia's Far East would depend to a large extent on the position of ExxonMobil, Russian news agencies reported.ExxonMobil said…

Norway's Aker BP to Drill Wells in Arctic Barents Sea, CEO Says

Aug 29, 2022

Aker BP plans to drill up to 15 exploration wells next year, including in the Arctic Barents Sea, Aker BP Chief Executive Karl Johnny Hersvik said on Monday.'Our plan is to drill somewhere in the range of 12-15 wells and I'm assuming we will have the same level going forward…

Oil Companies Must Boost Offshore Exploration in Norway to Unlock Potential, NPD Says

Aug 25, 2022

Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea for the country to find the remaining reserves of oil and gas beneath its oceans, the Norwegian Petroleum Directorate said on Thursday…

Norway Scraps Three Arctic Oil Exploration Blocks

Jun 14, 2022

Norway's minority government will remove three Arctic oil exploration blocks from its licensing round as part of a deal with the opposition to secure backing for its 2022 budget.The Norwegian oil industry lobby said it was disappointed by the…

Norway's Hammerfest Plant Resumes LNG Production almost Two Years After Fire

Jun 02, 2022

Norway's Hammerfest liquefied natural gas plant has restarted LNG production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.The company last week told Reuters the plant had completed repairs and was preparing to restart output…

Norway's Hammerfest LNG Plant Resumes Operation After 20-month Outage

May 27, 2022

Norway’s Hammerfest liquefied natural gas plant has resumed operation as planned and is preparing to restart LNG production, a spokesperson for operator Equinor told Reuters on Friday.The plant has been offline for 20 months following a fire in September of 2020…

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