Friday, April 19, 2019

Edvard Grieg News

Lundin Granted North Sea Drilling Permit

Image: Lundin Petroleum

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for a wildcat well in the North Sea.The NPD said on Tuesday that the wildcat well, designated 16/1-31 S, would be drilled from the Leiv Eiriksson drilling rig…

Lundin Buys Stakes in Rolvsnes, Goddo

 Image: Lundin Petroleum

Lundin Petroleum, Europe's independent oil and gas exploration and production company with operations focused on Norway, has increased its stake in the major Rolvsnes oil discovery in the Norwegian North Sea, flagging a potential tieback eventually…

Lundin Norway Awards EPCI Contract to WorleyParsons

Managing Director of Rosenberg WorleyParsons, Jan T. Narvestad and Managing Director of Lundin Norway, Kristin Færøvic. Photo:  Lundin Norway

Rosenberg WorleyParsons has been awarded an engineering, procurement, construction and installation contract (EPCI) by Lundin Norway ASO in the Norwegian Continental Shelf.The services include planning, engineering, prefabrication, offshore installation and commissioning support.

Norwegian Oil, Gas Plants Restart after Ship Collision

Sture Terminal (Photo: Equinor)

An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields.The frigate…

BREAKING: Tanker, Frigate Collision Shuts Down Norwegian Oil, Gas to Europe

Sinking frigate (screenshot of NRK streaming coverage at https://www.nrk.no/. NRK is the Norwegian government-owned radio and television public broadcasting company)

Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline of heating gas to Europe — after an early morning collision between a $440-million frigate and an oil tanker.The frigate Helge Ingstad…

Clean Ops Offshore: Johan Sverdrup Powered from Shore

The Johan Sverdrup field in the North Sea. (Photo: Equinor ASA)

With a flip of the switch, Kjell-Børge Freiberg, Norway's Minister of Petroleum and Energy, opened a new era in offshore oil and gas operations, initiating the "power-from-shore solution" that will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years.

Aker Bets on Software Engineers for Its Oil Business

(Photo: Aker BP)

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets…

Efficient Cable Installation Slashes Emissions at Johan Sverdrup

The cable-laying vessel NKT Victoria at the Johan Sverdrup converter station at Haugsneset near Kårstø.(Photo: Øyvind Gravås - Woldcam / Statoil)

The laying of the cable supplying Johan Sverdrup with power from shore started last week. This helps make the North Sea giant one of the oil and gas fields with the lowest CO2 emissions worldwide.On Wednesday last week the cable-laying vessel NKT…

Løken Named CEO at Kvaerner

Karl-Petter Løken (Photo: Kvaerner)

Karl-Petter Løken has been appointed President and Chief Executive Officer (CEO) for the international contracting company Kvaerner. Løken succeeds Jan Arve Haugan, who left Kvaerner for a position at Aker Energy. Kvaerner's EVP & CFO Idar Eikrem…

Lundin Petroleum's Grieg Output Back to Normal

File Image: A typical North Sea installation (CREDIT: Craig Int'l)

Production at Lundin Petroleum's Edvard Grieg oil and gas field off the coast of Norway is back at normal levels following a partial outage that began when the Forties pipeline was shut earlier this month, Lundin said. "Production at Grieg is going as normal.

Lundin Cuts Output From Edvard Grieg Field

Production at the Edvard Grieg field off Norway had to be temporarily reduced following the Forties pipeline shutdown, the field's operator, Lundin Petroleum, said on Tuesday. "Following the Forties pipeline shutdown, Lundin Petroleum has had to…

Aker BP to Drill 6-8 Wells in 2018

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

Aker BP plans to drill between six and eight exploration wells off Norway next year, including four in the Barents Sea, the Norwegian oil firm's chief executive told Reuters. One of these will target a prospect in the southeast Barents on the maritime…

Lundin Raises Output Guidance Despite Arctic Setback

Sweden's Lundin Petroleum lifted its full year production guidance on Wednesday and said it still expected to find more oil in the Barents Sea despite a recent setback. Lundin, a partner in Norway's giant Johan Sverdrup field, reported $355.8 million in earnings before interest…

Island Innovator Has Left Hanøytangen

Island Innovator (Photo: Semco Maritime)

Semco Maritime, Norway has completed the upgrade project on the rig Island Innovator. The rig left the Semco Maritime yard at Hanøytangen on Friday, February 24th. It has been in the yard since September 2016. After various modification and service…

Aker BP Fires up Ivar Aasen

CEO Karl Johnny Hersvik Photo BP Aker

The first oil is produced by Ivar Aasen field in the North Sea. The start is in line with the plan, and the development is completed within budget. Aker BP is operator of the field, which started production on 24 December 2016. First oil from Ivar…

Statoil to Increase Ownership in Lundin Petroleum

Statoil ASA has entered into an agreement with Lundin Petroleum AB to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum. The transaction also includes divestment of a 9 percent interest…

Statoil Swings to Profit

Drilling of the first of a total of 35 wells for the first phase of the Johan Sverdrup field development commenced early March  Photo Statoil

"Our financial results were affected by low oil and gas prices in the quarter. We delivered strong operational performance across all business areas, high production efficiency and results in line with expectations from liquids trading and refining.

Aker Solutions Wins Lundin Norway Deal

Courtesy Aker Solutions

The agreement covers early-phase studies, pre-engineering (FEED) work, verifications and follow-on engineering for Lundin Norway. It encompasses engineering work from Aker Solutions' three business areas - Engineering, Subsea and Maintenance, Modifications…

Lundin Petroleum Slashes 2016 CapEx

Sweden's Lundin Petroleum said on Friday it will cut its 2016 capital spending by around a quarter compared to last year and doubled its production guidance due to a new oilfield coming onstream. Oil and gas firms have been squeezing costs as crude prices have dropped by around 70 percent since mid-2014.

Statoil Acquires Minority Stakes in Lundin Petroleum

Statoil acquires shareholding in Lundin Petroleum Courtesy Statoil

Statoil ASA has acquired 37,101, 561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and votes, at a total purchase price of approximately SEK 4.6 billion. The investment in Lundin Petroleum will increase Statoil’s…