Saturday, October 21, 2017

Statoil News

World’s First Floating Wind Farm Starts Production

The Hywind Scotland floating wind farm. (Photo: Øyvind Gravås / Woldcam - Statoil ASA)

The world's first offshore floating wind farm has started to deliver electricity to the Scottish grid, providing power to approximately 20,000 households. The 30MW Hywind Scotland wind farm, operated by Statoil in partnership with Masdar 25 kilometers offshore Peterhead in Aberdeenshire, Scotland…

Statoil: UK Exploration Wells Disappoint

Statoil's exploration campaign off Britain yielded one discovery, one dry well and one non-commercial discovery this year, the company said on Monday. Results of the Mariner Segment 9 and Jock Scott wells were disappointing, while the third, a sidetrack to Statoil's Verbier well in the outer Moray Firth, proved at least 25 million barrels of oil.

Statoil to Drill in Arctic Despite Previous Disappointments

File Image (CREDIT: AdobeStock / (c) ggw)

Statoil's exploration campaign in the Barents Sea was disappointing this year, but the company has firm plans to drill another five wells there in 2018, a spokesman said on Monday. Statoil's last Barents well of 2017, at Koigen Central some 100 kilometres northwest of the Johan Castberg discovery…

Total, Eni, Statoil Seek to Shed Teesside Terminal Stakes

Total, Eni and Statoil are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives crude from the Norwegian Ekofisk fields, part of the global Brent benchmark, banking sources said. The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million, according to the sources.

Statoil Says Ireland's Corrib Gas Outage Extended

An outage in the output of Ireland's Corrib gas field has been extended by 24 hours to Oct. 7 at 0600 CET (0400 GMT), Norway's Statoil said in a statement on Thursday. The Corrib field's output will be reduced by 9.9 million cubic metres per day. Statoil did not say why the outage was extended.   Reporting by Lefteris Karagiannopoulos

Statoil Takes First Bite of Solar Market

(Photo: Scatec Solar)

Norway's Statoil is taking its first step into the solar sector on Wednesday, partnering up with Oslo-listed renewable energy firm Scatec Solar in a joint venture aiming to build several large-scale solar plants in Brazil. Bruised by pressure on oil prices over the last two years, European…

Randgrid FSO Begins Gina Krog Field Contract

Image of Randgrid FSO by Teekay Corporation

Teekay Offshore Partners announced the Randgrid FSO, which was converted from one of the Partnership’s shuttle tankers at Sembcorp’s Sembawang shipyard in Singapore, has commenced its charter contract with Statoil ASA (Statoil) on the Gina Krog oil and gas field in the Norwegian sector of the North Sea.

Ireland's Corrib Gas Outage Extended to Oct. 5

An ongoing reduction in the output of Ireland's Corrib gas field has been extended by 24 hours to Oct. 5 at 0600 CET (0400 GMT), Norway's Statoil said in a statement. The Corrib field's output will still be reduced by 9.9 million cubic metres per day. Statoil did not say why the outage was extended.

Norway Approves Snefrid Nord Gas Development Near Aasta Hansteen

Photo of upending operation of the huge substructure for the Aasta Hansteen gas platform in Klosterfjorden near Haugesund.(Photo: Espen Rønnevik and Roar Lindefjeld/Statoil)

Norway has approved the Statoil-operated Snefrid Nord gas development near the Arctic Aasta Hansteen field in the Norwegian Sea, the oil and energy ministry said on Tuesday. The field is estimated to hold about 5 billion cubic metres of gas which will be produced by using a subsea installation…

Statoil Awards Long-Term ISO Contracts

Scaffolding work on the Sleipner field. (Photo: Harald Pettersen)

Statoil is awarding renegotiated framework agreements to Bilfinger Industrier Norge AS and Kaefer Energy AS for ISO services (insulation, scaffolding and surface treatment). Valued at a total of more than NOK 7 billion ($87mln), the contracts will run until the end of 2030. The framework…

Norway Remains Among World's Top 10 Places to Discover Oil

© h368k742 / Adobe Stock

Norway remains among the top 10 places to find oil worlwide, with the Arctic region still having much potential despite recent disappointing exploration results, consultancy firm Wood Mackenzie said on Thursday. Earlier this week Norway's Statoil reported yet another dry well in the Barents sea, some 100 kilometres northwest of the Johan Castberg discovery.

Statoil, Partners to Boost Capacity at Troll Field

File Image: Statoil's offshore Troll B facility (CREDIT: Statoil)

Aker Solutions awarded contract to boost output capacity; Troll is Norway's largest gas field. Norway's Statoil and partners are working to increase the output capacity of Troll, the country's largest gas field, a move traders say would enable the firms to produce more flexibly and cover production shortages at other fields due to outages.

Statoil’s Investigates into Helicopter Accident

Eldar Sætre Photo Statoil

The mandate for Statoil’s in-house investigation of the helicopter accident on 29 April is ready. The purpose of the investigation is to identify measures to improve Statoil’s work on helicopter safety on the Norwegian continental shelf. The Accident Investigation Board Norway is responsible for identifying the chain of events and the cause of the accident.

TechnipFMC Wins Peregrino 2 Contract

TechnipFMC  has been awarded by Statoil an Engineering, Procurement, Construction and Installation contract. It covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil. This new fixed platform…

Statoil Adjusts Portfolio in Angola

Tove Stuhr Sjøblom, Statoil sub-Saharan Africa senior vice president. (Photo: Ole Jørgen Bratland)

Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P. The transaction, subject to customary closing conditions, includes a consideration of $200 million and an effective date of January 1, 2013. “This transaction…

Statoil Wins licence Bids in Offshore Canada

Statoil owns interests in several exploration, development and production licenses offshore Newfoundland, and has an office in St. John’s courtesy Statoil

Statoil and its partners were the successful bidders for six exploration licences in the Flemish Pass Basin, offshore Newfoundland, and two licences offshore Nova Scotia. The licences offshore Newfoundland total 1,466,918 hectares (14,670 km2), and are located in an area in proximity to the Statoil-operated Bay du Nord discovery.

Statoil: New Offshore Indonesia License Awarded

Statoil depiction of Indonesian offshore acreage

Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia. The licence covers an area of approximately 8,300 square kilometres, adjacent to Statoil’s existing exploration acreage in the Aru and West Papua IV licences. Statoil will operate the licence with a 100% working interest.

Statoil Farms Down in Angolan Pre-salt

Image: Statoil

Statoil has signed an agreement to farm down a 15% interest to WRG Angola Block 39 Limited in the Statoil-operated block 39 offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint venture comprising White Rose Energy Ventures and Genel Energy plc. “This is part of Statoil's active portfolio management.

Statoil, Repsol Transactions in Priority Areas

Transactions increase the number of Statoil’s operatorships in priority areas Courtesy Statoil

Statoil and Repsol announce transactions in Norway, UK, US and Brazil. These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies. * Statoil farms down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf.

Statoil: Reduced Ownership in Agbami Field

Statoil has been in Nigeria since 1992 and we have an interest in the largest deepwater producing field, Agbami

Statoil has received an Expert calculation of revised tract participations for the Agbami field in Nigeria. Assuming implementation, this calculation will result in a reduction of 5.17% in Statoil’s equity interest in the field from 20.21% to 15.04%. Statoil previously initiated arbitration proceedings to set aside interim decisions made by the Expert.