Monday, October 14, 2019

Norway News

UK to Account for 35% Offshore Wind in Europe

Image: WindEurope

The UK will account for 35% of the growth in offshore wind over the next five years, followed by the Netherlands and Germany, said , according to WindEurope’s new ‘Wind Energy Outlook to 2023’.In the next five years 22 GW of wind energy capacity will reach the end of its normal operational life (20 years).

Novatek in Talks on LNG Transhipment

Photo: Novatek

Russia's liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia's Murmansk because it is unsure of the impact of U.S. sanctions on the Chinese COSCO tankers it uses, a Novatek official said.The United States imposed sanctions on Sept.

Energy Recruiters Name Scotland Regional Manager

Zander Thornton (Photo: MDE Group)

Norway-headquartered MDE Group, a global provider of energy recruitment services, continues to implement its UK sector growth strategy, by announcing the appointment of its first regional manager in Scotland.The company is a familiar name in the North Sea,…

Cost Estimates at Equinor Norway Fields Goes Up

Image: Equinor

The cost of developing two major Norwegian oil and gas fields has increased due to the complexity of the projects, with the start of production delayed for one of them.The Ministry of Petroleum and Energy reports on the status of major projects that are currently…

"Green" Ammonia's Future as a Marine Fuel

Longyearbyen is the largest town in Svalbard and may become one of the first large scale consumers of green hydrogen or ammonia produced from wind farms in Finnmark. Photo credit Visit Svalbard.

Ammonia, the same pungent solution used in fertilizers and cleaning agents, may one day be the key to transporting renewable energy around the world. There are currently a number of government and corporate projects assessing the feasibility of converting excess renewable energy from sources like wind…

Norway Sovereign Fund to Divest E&P Firms

© galina_savina / Adobe Stock

Norway's $1.1 trillion sovereign fund will divest companies solely dedicated to oil and gas exploration and production in a bid to shield itself from a long-term fall in oil prices, the finance ministry said late on Tuesday.The move will partly shift the world's largest sovereign wealth fund away from oil and gas…

Europe Looks for Gas as Groningen Folds

Image: Rystad Energy

Europe’s energy landscape will be completely changed once the Dutch shut down the largest gas field on the continent years ahead of schedule, according to Rystad Energy.The Netherland recently announced that production at Groningen – Europe’s largest gas field – will be halted in 2022…

Wintershall Dea Trims Norway Portfolio

Wintershall Dea is currently developing its operated Dvalin field on the Norwegian continental shelf (Photo: Wintershall Dea)

Wintershall Dea has agreed to sell its stakes in Norway's Nyhamna gas processing terminal and the Polarled gas pipeline to CapeOmega and Solveig Gas to focus on its upstream oil and gas activities, the German oil and gas company said on Tuesday.Cape Omega will acquire a 5% interest in the Nyhamna terminal…

NGA in Rig Settlement Pact with Industri Energi

 Image: Norwegian Shipowners' Association

The Norwegian Shipowners' Association (NGA) reached an agreement with Industri Energi and SAFE in the Mid-Term Settlement for employees on mobile offshore units, drilling and catering on permanently placed facilities on the Norwegian Continental Shelf, after…

Var Energi Buys Exxon's Norway Assets for $4.5 Bln

ExxonMobil's stake in the Equinor-operated Grane field is one of more than 20 picked up by Vår Energi in a $4.5 billion deal. (Photo: Øyvind Hagen / Equinor)

ExxonMobil said on Thursday it will sell its Norwegian upstream oil and gas assets to independent exploration and production company Vår Energi for $4.5 billion as part of an ongoing large-scale global divestment plan.The deal, which is expected to close in the fourth quarter…

Oil Companies Push Carbon-capture Efforts

Since 1996, the Equinor-operated Sleipner field offshore Norway has been used as a carbon capture and storage facility, marking the longest ongoing CO2 storage project in the world. (Photo: Harald Pettersen / Equinor)

A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York.Oil chiefs grappling with growing demand for action to fight climate change have looked to invest…

Vestas Gets 34-MW Turbine Order from Norway

Image: Vestas

The sustainable energy solutions provider Vestas Wind Systems A/S has received a 34 MW order for the Haramsfjellet wind project on the island of Haramsøya in western Norway.The Danish manufacturer has developed a solution to fit the site’s wind conditions that…

Non-Opec Supply Set to Surge

Graph: Rystad Energy

Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost 2.9 million barrels per day (bbl/d).For this year, the trend suggests that non-OPEC countries’ liquid production will reach above 2 million bbl/d once again…

Fire Reported on Tanker at Sture Terminal

A fire onboard an oil tanker at Norway's Sture crude export terminal has been put out, the fire service told Reuters on Friday.The fire broke out in the engine room of the Dubai Harmony tanker during loading at the Equinor oil terminal on Norway's west coast…

MAN Cryo to Supply LNG Fuel-Gas System

Image: MAN Energy Solutions

MAN Energy Solutions said that its marine LNG fuel-gas-system manufacturer MAN Cryo has been contracted to supply an LNG fuel-gas supply system for Norwegian shipowner, Egil Ulvan Rederi newbuild.According to MAN,  the LNG fuel-gas system will be supplied for a ‘multipurpose palletized cargo and refrigerated vessel…

2/3 of Electricity by Solar PV, Wind by 2050

Remi Eriksen, Group President and CEO of DNV GL. Photo: DNV GL

Share of electricity in the final demand energy mix will more than double from today’s level to 40% in 2050, with two thirds of that electricity provided by solar PV and wind, said DNV GL.Electrification will transform how energy is produced and consumed. By midcentury…

Increased Confidence in CO2 Storage

The bespoke drill rig being lowered over the side of the RRS James Cook. The rig is designed to push the curved steel pipe into the seabed sediment. Image: Copyright STEMM-CCS Project

If we are going to store large volumes of carbon dioxide (CO2) in depleted oil and gas reservoirs beneath the seabed we need to be sure that, in the unlikely event of a leak, we can detect it. A research expedition, carrying a world-first experiment designed to develop methods for the detection and monitoring of leaks…

Exxon Discussing Norway Asses Sale with Var Energi

(Photo: Harald Pettersen / Equinor)

Oil major ExxonMobil said on Friday it had signed an exclusivity agreement with Var Energi for negotiations regarding a possible sale of Exxon's Norwegian upstream assets.An acquisition of Exxon's production assets in Norway would cement Var Energi's position…

Industry Showcases Positive Changes at OE 2019

Photo: SPE Offshore Europe

Commitment to accelerating the energy transition is gathering pace, as operators and technology developers at SPE Offshore Europe 2019 said they will invest to secure a more sustainable energy mix.In another encouraging sign that the energy industry is steadily continuing to emerge from the downturn…

NGO Pushes for Green Recycling in North Sea

Pic: NGO Shipbreaking Platform

With the oil and gas sector seeing a downturn since 2014, the Platform has documented an increasing number of offshore units sold for scrap.While the recycling of fixed installations occurs under strict regulations, there are serious concerns regarding the recycling of floating structures…