Offshore Arctic News - page 2

 

Russia: Gazprom Reports 'Record-high' Gas Inflow on Kara Sea Shelf

Nov 04, 2020

Following a recently announced gas discovery at an exploration well at the Kara Sea, off Russia's North, Gazprom has tested the upper levels at the same well at the Leningradskoye field, and has reported 'record high' results.'In the course of the exploration activities…

Fire-hit Hammerfest LNG Will be Shut for Up to a Year, Equinor Says

Oct 26, 2020

Norwegian oil company Equinor said Monday that its LNG plant, damaged in a fire on September 28, would be closed for up to a year for repairs.To remind, Equinor earlier this month said it expected to resume operations at the plant that processes…

Equinor Gets Clearance to Drill Barents Sea Wildcat

Oct 23, 2020

Norwegian energy giant Equinor has received approval to drill a wildcat well in the production license 960, in the Barents Sea, off Norway.Equinor will use Seadrill's 2008-built West Hercules semi-submersible drilling rig to drill the offshore well 7018/5-1 at the Spissa prospect…

Norway: Probe Launched after 26.5t Pipe Drops on Offshore Rig's Drill Floor

Oct 20, 2020

The Norwegian oil and gas safety body PSA Norway has launched an investigation into an incident that occurred last weekend aboard the West Bollsta semi-submersible drilling rig, just a week after the rig had started drilling its first-ever well…

Equinor's Fire-hit Arctic LNG Plant to Resume Operations on Jan. 1

Oct 13, 2020

Equinor's Melkoeya liquefied natural gas (LNG) plant in Norway is expected to resume output on Jan. 1, 2021, after it was damaged in a fire last month, the company said in a regulatory statement on Monday.The fire on Sept. 28 in one of the plant's…

Gazprom Finds "Substantial Amounts of Gas" in Kara Sea Field

Oct 12, 2020

Russian gas giant Gazprom has found a new gas deposit in the Kara Sea, at the Leningradskoye field of the Yamal gas production center.Gazprom said: 'As a result of drilling and testing of an exploratory well, commercial gas inflow was obtained with a flow rate of about 600…

West Bollsta Rig Set to Spud First Well for Lundin Energy

Oct 06, 2020

The West Bollsta semi-submersible drilling rig, managed by Seadrill, is currently in the Barents Sea, being towed to an offshore drilling location where it will drill its first well, the rig's AIS data shows. The drilling rig is on hire with the Swedish company Lundin Energy…

Lundin Boosts Barents Sea Presence with $125M Worth of Acquisitions

Oct 05, 2020

Swedish oil company Lundin Energy is expanding its oil and gas acreage in Norway through the acquisition of Idemitsu Petroleum's Barents Sea assets, including a stake in the Wisting oil discovery, for $125 million.Under the agreement announced Monday…

Aibel Picks Up Snøhvit Future FEED Contract

Sep 02, 2020

Norwegian oil and gas company Equinor has awarded its compatriot Aibel a front-end engineering and design contract (FEED) for modification of the Hammerfest LNG plant in connection with the Snøhvit Future project. Snøhvit is the first development in the Barents Sea…

Rosneft Restarts Kara Sea Drilling After Sanctions Pause

Aug 18, 2020

Russia's largest oil producer Rosneft has started drilling on two wells in the Kara Sea in the Russian Arctic, its Chief Executive Igor Sechin said on Tuesday.It is the company's first project in the Kara Sea since it was forced to suspend a joint venture project in the area with U…

Lundin: Offshore Activities Returning to Pre-Covid-19 Levels

Jul 29, 2020

Swedish oil firm Lundin Energy, a partner in Norway's giant Johan Sverdrup oilfield, reported worse-than-expected operating profit in the second quarter as the fall in prices due to the COVID-19 pandemic more than offset record output.Earnings before interest and tax (EBIT) fell to $166…

PGS Kicks Off Barents Sea Seismic Survey

Jul 06, 2020

Norwegian seismic acquisition company PGS has started an ultra-high-density seismic survey in the Barents Sea. The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High. The first data will be available Q4 2020…

BP Wraps Sale of Alaska Business

Jul 02, 2020

BP Plc said it completed the sale of its Prudhoe Bay oil and gas producing properties to closely-held Hilcorp Energy, ending 60 years as a top Alaskan oil producer.BP and other oil majors have reduced their production roles in the northernmost U…

Aker Solutions, Equinor Sign LoI for Askeladd Subsea System

Jun 30, 2020

Norway's Aker Solutions has received a letter of intent from Equinor to deliver the subsea production system for the Askeladd Vest natural gas development in the Barents Sea in northern Norway.The development of Askeladd Vest is phase two of…

Alaska Greenlights BP's Sale of Oil Leases to Hilcorp

Jun 30, 2020

Alaskan officials on Monday approved BP Plc's sale of its oil and gas leases in the state to closely held Hilcorp Energy Co. as part of a previously announced $5.6 billion deal.BP last year agreed to sell its Alaskan properties, including interests…

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