Norway's Equinor is on a mission to give new life to more than 20 aging assets on the Norwegian continental shelf (NCS).Over the course of the last three years, the oil company has received the authorities’ approval for extending the life of…
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced Monday that it encountered oil in the Pecan South-1A well south of the main Pecan field offshore Ghana.Aker Energy said it is in the process of analyzing…
Norske Shell, the Norwegian subsidiary of Royal Dutch Shell, announced it has decided to go with subsea compression as a concept for the Ormen Lange Phase 3 to increase the recovery rate from the reservoir.'This is an important choice, where we have evaluated a number of alternative concepts…
Norwegian major Equinor has awarded an engineering, procurement and construction (EPC) contract to domestic services company Aibel for the final bridge on the Johan Sverdrup field.The deal, worth an estimated NOK 200 million, was included as…
Production from the Aasta Hansteen gas field in the Norwegian Sea began Sunday, opening a new region for gas export to Europe, Norway's Equinor announced Monday.The Aasta Hansteen field, named after the Norwegian feminist, social commentator…
Aker BP has agreed to buy Hess Norge, which includes major stakes in the Valhall and Hod fields, from Hess for US$2 billion as the US oil firm continues an offshore asset sale. Yesterday, Kosmos Energy said it had agreed to acquire Hess' 85% stake in two long-producing oil fields…
ABIS Holdings Energy Services has signed an agency agreement to support the development and operation of an offshore supply base on the Spanish island of Gran Canaria. The UK-based energy services provider will act as the agent for Gran Canaria Subsea and Offshore Base (GCSB)…
DONG Energy has today agreed to sell its E&P business, including a stake in the Rosebank field, west of Shetland, to petro-chemical business Ineos for US$1.05 million, plus $250 million in contingent payments. Ineos, which recently acquired the Forties pipeline system from BP…
Aibel was awarded the modification assignment to ready the Heidrun platform to receive the production from the Dvalin field (formerly Zidane). The Heidrun platform (image: Øyvind Hagen/Statoil)…
Statoil, Centrica and ExxonMobil, and Tord Lien, the minister of petroleum and energy, celebrated the 5 billion boe mark that has been delivered by Statfjord since first oil in 1979 today (19 September). Arne Sigve Nylund (left)…
Hess Denmark awarded DNV GL a contract to provide asset integrity inspection management of its South Arne field in the Danish North Sea. The agreement, which is estimated to be US$1.5 million (10 million DKK) per year, includes risked…
Aibel cut the first steel for the DSM module for Statoil’s Johan Sverdrup drilling platform at its Haugesund yard, where a busy period awaits until the platform is completed in 2018. Aibel expects to finish the DSM module come summer 2017…
Aibel, along with other companies, is working on a C study for the second phase of Statoil’s Johan Sverdrup development. The study is managed from Aibel's Oslo office. Image from Aibel. Aibel's…
Hess Corp.’s 2016 exploration and production capital and exploratory budget has been reduced 40% compared to 2015, with the bulk of it going to offshore production, developments, exploration, and appraisals. Tubular Bells in the Gulf of Mexico…
Centrica signed a string of partnership agreements with three suppliers - Subsea 7, Aibel and DNV GL. The firm says it is looking to create a strategic partner alliance (SPA) model covering all phases of project execution, with duration…
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