Tuesday, November 13, 2018

Norway News

Largest-ever Bismuth Plug Deployed

Valhall Field (Photo: AkerBP)

Metal-to-metal downhole sealing solutions provider BiSN said it recently deployed the largest-ever bismuth plug in the Valhall A-30 well, Norway, in conjunction with AkerBP and Altus Intervention.BiSN’s Wel-lok M2M technology – which can be utilized during…

Big Oil Spent 1% on Green Energy in 2018

© anweber / Adobe Stock

Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe's giants vastly outpaced their U.S. and Asian rivals, a study showed.Companies such as Royal Dutch Shell, Total and BP have in recent years…

Sture oil export terminal operates as normal

The Sture terminal northwest of Bergen (Photo: Helge Hansen / Equinor ASA)

Norway's Sture oil export terminal was operating as normal on Tuesday despite the nearby sinking of a shipwrecked navy vessel, operator Equinor said.The terminal was shut for several hours last Thursday after the Norwegian frigate collided with an oil tanker near the terminal."We are in normal operations.

Digitalization Can Save Upstream Business $73 Bln a Year

The Ivar Aasen platform in the North Sea transmits vast volumes of data back to shore. (Photo: Aker BP)

Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said.Exploration and production, known as the upstream industry…

Skangas Inks LNG Bunker Deal with Gothia Tanker Alliance

Image: Skangas

Skangas entered into an agreement with parts of the Gothia Tanker Alliance to supply liquefied natural gas (LNG) as fuel.The new agreement comprises current as well as new vessels with LNG propulsion soon to come, said a press release from the supplier of liquefied…

Uptime International Bags Contracts for Gangway Supply

Island Clipper. Photo: Island Offshore

Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore."Island Clipper has secured a three-year agreement with Equinor as combined PSV and walk to work vessel. The vessel will be equipped with battery package…

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…

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…

OKEA Gets Approval to Acquire Shell's Draugen, Gjoa Fields

Image: Shell

Norway's Ministry of Petroleum and Energy and Ministry of Finance has approved the transaction from AS Norske Shell and OKEA concerning the transfer of the licenses associated with the Draugen field in the Norwegian Sea and the Gjøa field in the North Sea.The…

Aquaterra Bags More Johan Sverdrup Work

(Photo: Aquaterra Energy)

Aquaterra Energy announced Thursday it has been awarded a contract by Equinor to deliver early well construction operations for the next 16 wells of the Johan Sverdrup field development in the Norwegian North Sea.The award follows Aquaterra Energy’s Phase I…

Higher US Export, Lower Fleet Growth Aid LPG Exports

Pic: Avance Gas

The Middle East is the most active export market of LPG exports on very large gas carriers(VLGC), said Norway-based LPG shipping firm Avance Gas.Oslo-listed Avance Gas said in a statement that traditionally Saudi Arabia was the largest exporter, but though…

HydraWell Completes TAQA Decommissioning

Image: HydraWell

The manufacturer of specialty equipment for the oil and gas industry HydraWell has completed an offshore decommissioning project for TAQA in the Netherlands.The plugging job was conducted at one of the fields connected to the TAQA-operated P15 platform, situated…

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.

OMV Forms JV with Sapura

(Photo: Sapura Energy)

Austria's OMV has agreed to establish a joint venture with Malaysia's Sapura Energy Bhd , paying $540 million for a 50 percent stake in its exploration assets in line with its strategy to expand in Southeast Asia.Sapura Energy will transfer $350 million of its debt into the new firm, called SEB Upstream Sdn Bhd (SUP),

Denmark-Netherlands Subsea Power Cable Reaches Dutch Coast

Photo: www.cobracable.eu

A subsea power line set to link the networks of Denmark and the Netherlands reached the Dutch coast on Friday as part of plans to share excess electricity from wind farms and other sources.The 325 km (202 mile) long COBRAcable, short for Copenhagen, Brussels and Amsterdam, has a capacity of around 700 megawatts (MW) an

Kvaerner Wins Sverdrup Jacket Number Four

(Image: Kvaerner)

Norway's Equinor has awarded a NOK 900 million ($107 million) contract to local contractor Kvaerner for delivery of the steel substructure for the Johan Sverdrup Phase 2 process platform.The engineering, procurement and construction (EPC) award will see Kvaerner…

DNO Beats Forecasts with Q3 Operating Profit

Norwegian oil firm DNO said on Thursday third-quarter earnings beat forecasts, helped by higher oil prices and rising output in the Kurdistan region of northern Iraq.The region's largest international oil producer posted a third-quarter operating profit of $71 million…

Petoro Flags Rising Costs for Oil Industry

Photo courtesy of Equinor

Norway's oil industry must harness digital technology and foster deeper partnerships across the sector to contain rising costs, Petoro, which manages the government's stakes in the country's offshore fields, said on Thursday.Executives of oil companies including…

Petrobras Sells Stake in Africa Unit

(Photo: Petrobras)

Brazil's Petroleo Brasileiro SA will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53 billion, the latest step in the state-controlled oil company's debt reduction drive, according…

ABB, Sintef to Test Hydrogen Fuel Cells

Pic: ABB

Norwegian Sintef Ocean and ABB Marine will use two 30kW hydrogen fuel cells, set up in laboratory to model the operation and control of a complete marine power system in a megawatt-scale propulsion plant."ABB and Sintef Ocean are undertaking groundbreaking…