Sunday, February 25, 2018

Norway News

Sweden Dwarfs Norway in New Wind Power, but Not for Long

Norway has lagged neighbour Sweden in attracting wind power projects but planned changes to tax rules are expected to lure investors back. Norway and Sweden launched a common renewable support scheme in 2012, the first of such kind in the world, to boost output from green energy sources…

Greenpeace Appeals after Losing Norwegian Arctic Lawsuit

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

Environmental groups launched an appeal on Monday after an Oslo court rejected their arguments that Norway's oil and gas exploration in the Arctic violates citizens' right to a clean environment. Greenpeace and Nature and Youth disputed the Oslo District Court's verdict last month…

Solstad Farstad: OSV Market Improving

File Image: CREDIT Sparrow Group

The market for offshore service vessels (OSVs) has bottomed out and is expected to rise from now onwards, with anchor handler and supply vessels benefiting from increased drilling activity, the CEO of Norway's Solstad Farstad said on Friday. "We are positive about the market…

Germany's EWE Presents Plan for Cut in Dutch Gas Use

German energy company EWE has presented a plan to reduce its use of gas from the Dutch field at Groningen by 1.7 billion cubic metres (bcm) annually, the Netherlands' Economic Affairs Ministry said on Wednesday. EWE's plan involves converting higher calorific…

Subsea 7 Bags Contracts Offshore Norway

Photo: Subsea 7

Subsea 7 S.A. said it was awarded a contract from Statoil for the Johan Castberg field development, located 240 km from Hammerfest in Norway. The contract comprises the design, coating, fabrication and installation of a 53 km rigid flowline including 34 km of pipe-in-pipe flowline.

Norwegian Oil Spend to Shrink Further in 2017

Investment in Norway's oil and gas sector, a cornerstone of the country's economy, will continue to fall next year as weak crude prices curb oil firms' spending, a survey conducted by Statistics Norway (SSB) showed on Thursday. Norway's offshore sector generates…

Statoil Contracts West Hercules Rig

The West Hercules drilling rig in the Barents Sea. (Photos: Ole Jørgen Bratland)

The West Hercules semi-submersible rig has been contracted for drilling two exploration wells in the Barents Sea in 2018, and options to drill another five exploration wells. Statoil and the licence partners have signed a contract with North Atlantic Norway Ltd for use of the 6th generation West Hercules rig.

Eolus Vind to Build 330 MW Wind Power Farm in Norway

Norway's oil and energy ministry on Wednesday said it gave final approval to Sweden's Eolus Vind to build a 330-megawatt wind power plant in Oeyfjellet, northern Norway. The plant will be able to produce up to one terawatt-hour (TWh) per year, sufficient to meet the annual demand of 50…

Rex IH Gives Norway Drilling, License Updates

Måns Lidgren, Chief Executive Officer of Rex International Holding

Rex International Holding Limited, one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, shared its latest developments in its Norway portfolio, held through its 65 percent owned indirect subsidiary, Lime Petroleum Norway AS and investee company, North Energy ASA.

Police Investigate 2016 Hydrogen Leak at Statoil Refinery

Statoil's Mongstad refinery (Photo: Øyvind Hagen / Statoil)

Norwegian police have launched an investigation into a hydrogen gas leak at Statoil's Mongstad refinery in October 2016, the company said on Friday. Statoil temporarily shut and evacuated its main refinery on Norway's west coast when a rusted pipe socket ruptured.

Aquaterra Appoints Berven

Christian Berven joings Aquaterra Energy as director of business development. Photo: Aquaterra Energy

Aquaterra Energy appointed Christian Berven as Business Development Director, as it strengthens its EMEA operations by opening offices in Stavanger, Norway. The company, headquartered in Norwich, UK, was the first to secure a multi-million pound investment from EV Private Equity…

DNV GL Oil & Gas to Expand in Norway

Marianne Hauso

DNV GL is relocating its oil and gas head office in Norway from Høvik to Stavanger in order to be even closer to its customers, the company said. Local delivery capacity will be expanded in Stavanger and Bergen and operations will continue in Høvik, Sandefjord, Trondheim and Harstad.

Norway Finds Planned Gas Link to Poland Interesting

Norway finds interesting Poland's plans to build a pipeline that would allow the central and eastern Europe's biggest economy receive gas from the Norwegian shelf via Denmark and the Baltic Sea, Norway's foreign minister said on Friday. The plan to receive…

Integrated Drilling Service Agreement to Schlumberger

Schlumberger Norway has been awarded a contract with Statoil to provide integrated drilling services for the Norwegian continental shelf licenses Gullfaks, Gullfaks Satellites, Snorre, Statfjord , Tordis/Vigdis, Visund. The agreement also covers exploration drilling on the Norwegian continental shelf (NCS).

Lime Petroleum Takes Stake in Lundin Norway Well

The Gemini prospect in PL338C has been spudded using the semi-submersible Island Innovator (Photo courtesy of Lime Petroleum Norway)

Rex International Holding Limited’s jointly-controlled entity, Lime Petroleum Norway AS has signed an agreement with Lundin Petroleum Norway AS to acquire a 30 percent stake in license PL338C in the Norway’s North Sea, pending regulatory approval. The North…

Norway Planning to End Renewable Subsidy Scheme by 2021

Norway is planning to end its green energy subsidy scheme by 2021 and aims to increase competition in building power lines to other countries, the government said on Friday. Norway launched a common renewable energy support scheme with Sweden in 2012, so called "el-certificates"…

Norway's Gas Plant Suffers Unexpected Outage

File photo of Nyhamna natural gas processing plant

Norway's Nyhamna natural gas processing plant, which supplies Britain through a pipeline under the North Sea, suffered an unexpected outage on Saturday due to power loss, its operator told the Nordic Power bourse. The plant, which supplies about a fifth of…

Norway: Gas Output Could Increase During Crisis

Norway could increase exports to the European Union slightly during winter in the event of any supply crisis caused by the dispute between Ukraine and Russia, but there is little capacity to spare, Norway's energy minister said on Thursday. "The capacity on…

Norway's Kollsnes Gas Output Reduced due Repairs

Natural gas output from Norway's natural gas processing plant Kollsens will be reduced by 16.5 million cubic metres per day on Monday and Tuesday due to corrective maintenance, gas system operator Gassco said on Saturday. The 143 mcm/day capacity plant on Norway's…

Norway Wants Oil & Gas Licensing Round before Christmas

Norway hopes to launch its 23rd oil and gas licensing round before Christmas, though that timeline is still subject to change, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Wednesday. Norway earlier said it plans to award oil and gas licenses in new offshore areas…