Friday, January 18, 2019

North Sea News

Norway Awards 15 Exploration Licences to Lundin Petroleum

Map: Lundin Petroleum AB

Europe’s independent oil and gas exploration and production company Lundin Petroleum announced that its wholly owned subsidiary Lundin Norway has been awarded a total of 15 exploration…

LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG…

Ivar Aasen Now Operated from Land

Ivar Aasen platform (Photo: Aker BP)

Aker BP on Wednesday said it has begun operating the permanently manned North Sea platform Ivar Aasen from an onshore control room in Trondheim, Norway.The Ivar Aasen platform was constructed…

Aker BP Plans Output, Dividend Hike

Valhall field (Photo: Kjetil Alsvik / Aker BP)

Norway's Aker BP will boost dividend payments between now and 2023 and step up investment in developing offshore oil and gas fields next year, the independent oil company said on Thursday.The…

Shell Appoints Sawan as Upstream Boss

Wael Sawan (Photo: Shell)

Royal Dutch Shell has appointed Wael Sawan to head its oil and gas production division, replacing Andy Brown who will step down after 35 years at the Anglo-Dutch company.Sawan, 44, a Canadian citizen of Lebanese origin…

Seacor Marine Acquires Three Cosco PSVs

Image: DNV GL

The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry…

Oil Majors Join Blockchain Platform

© spainter_vfx / Adobe Stock

Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.Vakt, already in…

TenneT, Vattenfall Pact on Hollandse Kust Zuid

TenneT’s offshore transformer platform (artist’s impression). Image: TenneT Holding

European transmission system operator TenneT Holding and offshore and wind farm developer Vattenfall  have signed agreements for the offshore grid connection for the Hollandse Kust…

Aker BP Bags 21 in Norwegian Licensing Round

Image: Aker BP

The oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf Aker BP has been offered interests in 21 new production licenses in Norway…

Equinor Grabs 29 New Licenses on Norwegian Continental Shelf

Image: Equinor

Norwegian energy major Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as…

Total Seeks Exit from Dutch Upstream

© zoneteen / Adobe Stock

Total has launched the sale of its offshore gas fields in the Netherlands, a move that would mark the French energy giant's exit from Dutch upstream production after 55 years, industry…

Norway Awards Record Number of Exploration Blocks

© h368k742 / Adobe Stock

Norway awarded a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, in a sign of continuing interest from oil companies in the country's oil sector…

Premier Oil Eyes North Sea Deals

(Photo: Premier Oil)

Britain's Premier Oil Plc said on Monday it was looking to buy U.K. North Sea assets, after the Sunday Times reported that it was preparing to tap shareholders for cash to help it buy…

Faroe Execs Quit After DNO Takeover

© wittybear / Adobe Stock

Faroe Petroleum's Chief Executive Graham Stewart, Chief Financial Officer Jonathan Cooper and Chief Operating Officer Helge Hammer will resign, Faroe said on Friday after the company…

Norway Ready to Claim Share of Russia's Arctic Finds

© Ivan Kurmyshov / Adobe Stock

Norway will step up preparations to claim its share of oil and gas resources if Russia finds petroleum on its side of a border in the Barents Sea, the head of Norwegian Petroleum Directorate…

Norway 2019 Oil Output Forecast Cut to 30-year Low

(Photo: Jan Arne Wold / Woldcam)

Norway's oil output in 2019 will be smaller than previously forecast and its lowest level in three decades, although it should rebound in the following years, the country's oil industry…

German North Sea Wind Capacity Up 12.7%

(Photo: TenneT)

Offshore wind power operators in the German North Sea raised generation capacity by 12.7 percent to 6,232 megawatts (MW) last year, nearing a government target of 6,500 MW national offshore capacity by 2020, grid company Tenn

Exploration Firms Drill Dry Well in North Sea

Image: Lundin Petroleum

Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed exploration well 2/6-6S, targeting the Oppdal and Driva prospects in PL860 in the North Sea.

PGNiG's LNG Imports Rises in 2018

Graphics: PGNiG

Polish energy firm PGNiG said that the share of gas imports from Russia in total import volume fell last year to less than 67%. The share of LNG imports, however, increased to over 20%.In 2018…

Solstad Offshore Wins Contracts for CSVs

Image: Solstad Offshore

Norwegian offshore service and supply ship shipping company Solstad Offshore has secured work for two of its offshore construction vessels.First, the company signed a contract with DeepOcean AS for the CSV Normand Jarstein.