Offshore Arctic News - page 3

 

Norway's Hammerfest LNG Plant Extends Outage

May 16, 2022

Norway's Hammerfest LNG plant is now expected to restart on May 23, six days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco and operator Equinor said on Monday.'During the weekend…

NOIA: U.S. Gov't Move Against Offshore Oil & Gas Lease Sales 'Devastating to Americans'

May 13, 2022

Erik Milito, president of the U.S. National Ocean Industries Association, said this week that the U.S. government's decision not to hold offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet was expected, but also 'devastating to Americans…

Viking Supply Ships' Four AHTS Deal In Russia Canceled

May 13, 2022

Swedish offshore vessel operator Viking Supply Ships has informed that a previously announced contract in Russia for four of its anchor handling tug supply (AHTS) vessels has now been canceled.Viking Supply Ships had early on February 8 said it had secured a multi-season contract worth 18…

French NGOs Plan to Sue TotalEnergies Unless It Leaves Russia

Mar 15, 2022

Two leading French NGOs plan to take legal action against TotalEnergies over possible human rights abuses unless it cuts its business ties with Russia following the country's invasion of Ukraine, they said in a letter to the energy major's CEO…

Norway Wealth Fund's Russian Investments are Worthless, says CEO

Mar 03, 2022

The Russian assets of Norway's $1.3 trillion wealth fund, the world's largest, have become worthless following Russia's invasion of Ukraine and selling them as instructed by the government will take time, the fund's CEO said on Thursday.The…

Viking Supply Ships' AHTS Quartet Deal with Russian Client Hangs in Balance

Feb 25, 2022

Swedish offshore vessel operator Viking Supply Ships said Friday its contract for four anchor handling tug supply (AHTS) vessels announced earlier this month could be postponed or canceled due to the Russian invasion in Ukraine. Viking Supply…

Gazprom Neft Wraps Six-vessel Shallow Water Seismic Survey in Kara Sea

Feb 14, 2022

Russian oil firm Gazprom Neft has recently completed a seismic data acquisition project at the Yuzhno-Obsky license block, located in the waters of the Gulf of Ob in the Kara Sea.The objective of the six-vessel survey campaign was to clarify the structure of promising underlying geological features…

Ingersoll Rand Launches BOP Handling System for Arctic Temperatures

Feb 08, 2022

Ingersoll Rand has introduced the Ingersoll Rand Arctic Range Blowout Preventor (BOP) Handling System for safely transporting and handling B.O.P. stacks in ultra-low temperatures. This specially designed system can operate at temperatures as…

Equinor Files Impact Assessment for Wisting Project in Barents Sea

Feb 01, 2022

Norwegian oil and gas company Equinor has filed an impact assessment for the development and operation of the Wisting oil field in the Barents Sea. The plan for development and operation (PDO) is planned to be completed at the end of 2022.The…

OMV Exits Barents Sea Oil Field With $320M Sale to Lundin Energy

Dec 17, 2021

Austrian oil and gas company OMV has completed the sale of its stake in the Wisting oil field in the Barents Sea, offshore Norway, to Lundin Energy.The two companies had signed the sale and purchase agreement in October 2021, and after obtaining the necessary approvals from Norwegian authorities…

Paltry Bidding for Alaska Oil Lease Sale

Nov 04, 2021

Alaska oil and gas lease sales offering tracts on the North Slope and Beaufort Sea drew almost no bids, state officials said Wednesday.Only six bids were submitted for onshore tracts in the central North Slope, and no bids were submitted for tracts in the Beaufort Sea or the Brooks Range foothills…

OMV to Sell Stake in Arctic Offshore Oil Field Wisting to Lundin Energy

Oct 28, 2021

Austrian oil and gas company OMV has agreed to sell its 25% stake in the Wisting offshore oil field in the Barents Sea off Norway, to the Swedish oil firm Lundin Energy for $320 million. OMV, which discovered the oil field in 2013, said it was focusing increasingly on low-carbon projects…

ASCO to Provide Logistics Services for Horisont Energi's Barents Blue Project

Oct 27, 2021

Horisont Energi, a Norwegian company developing a blue ammonia project in Norway that involves offshore carbon storage, has signed a four-year framework deal with logistics and supply company ASCO Norge, with an option to extend it.Horisont…

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Oct 22, 2021

Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project.'We are studying the dossier ... though no decision has as yet been taken…

Equinor's Barents Sea Johan Castberg Project Faces Further Delay, Cost Overrun

Oct 12, 2021

Equinor's Johan Castberg Arctic oilfield will cost some 10% more to develop than expected a year ago, and will start production later than expected, primarily due to the pandemic, the Norwegian government's budget showed on Tuesday.The project…

Current News

New Grid-Scale Offshore Wind-Solar Project Planned for Italy

New Grid-Scale Offshore Wind-S

Wind of Change for Shetland Oil Hub, but Who Will Benefit?

Wind of Change for Shetland Oi

US Offshore Wind: Down but Not Out

US Offshore Wind: Down but Not

Quick Connect: OAL Subsea Pipeline Completed

Quick Connect: OAL Subsea Pipe

Subscribe for OE Digital E‑News

Offshore Engineer Magazine