Wednesday, December 13, 2017

Norway News

Norway Open to Offshore Floating Wind Power

Norway plans to open one or two offshore regions for construction of floating wind turbines, the Ministry of Petroleum and Energy said in a statement on Wednesday. Norway is western Europe's top producer of oil and natural gas, and has so far lagged Nordic neighbours Denmark and Sweden in wind power developments.

Norway Gives Approval to Restart Arctic Goliat oilfield

File Image: an offshore Norway oil iunstallation. CREDIT: Statoil)

Italian oil firm Eni has received permission to restart production at its Goliat oilfield in the Arctic Barents Sea following a shutdown lasting more than two months, Norway's Petroleum Safety Authority (PSA) said on Friday. The PSA ordered the company to shut the 100,000 barrels-per-day field on Oct.

Statoil Works to Restart Troll A Gas Platform

File Image: one of Statoil's Troll installations located in the North Sea. (CREDIT: Statoil)

Norway's Statoil is working on start-up procedures to restore gas production from its Troll A platform in the North Sea, which was shut on Tuesday following a power outage and a related gas leak, the firm said on Wednesday. Tuesday's Troll A closure landed another blow to Britain's gas supplies that…

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…

Statoil Confident Eni Will Resolve Problems at Goliat Field

Photo: Statoil

Norway's Statoil said on Tuesday it was confident Eni would resolve problems besetting their joint Arctic Goliat oilfield, as a shutdown there neared its second month. The 100,000 barrels-per-day field - operated by Eni, the senior partner in the licence -…

Maersk Drilling: One Dead After Tambar Oilfield Accident

File Image: An Aker BP offshore installation at the Tambar Field. (CREDIT: Aker BP)

Maersk Drilling said on Friday that an employee, a Norwegian citizen, has died following an accident on a drilling rig at Aker BP's Tambar oilfield off Norway on Thursday. Another person was injured and is receiving medical treatment but his condition is not critical, said Maersk Drilling, which is owned by A.P.

Statoil Shutters Troll A Output After Power Outage

File Image: one of Statoil's Troll installations located in the North Sea. (CREDIT: Statoil)

Norway's Statoil has shut down production at its Troll A gas platform in the North Sea following a power outage, the company said on Tuesday. "The production has been closed down due to the power outage and at the same time a gas alarm was detected," Statoil spokesman Morten Eek said.

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 temporarily…

SBM Offshore Wins Johan Castberg Turret Mooring System Contract

SBM Offshore said it was awarded the contract and received the corresponding notice from Statoil to proceed with the engineering, procurement, construction (EPC) work scope for a large-scale turret mooring system for its Johan Castberg development. The contract…

Two Injured on Rig at Aker BP Oilfield

File Image: a Tambar offshore oil installation (CREDIT: Aker BP Photography)

Two people were injured on a Maersk-owned drilling rig at Aker BP's Tambar oilfield off Norway on Thursday, Aker BP said. One of the two individuals fell into the sea and was picked up by a ship that was on standby at the field, Aker BP said. It did not provide details of how the second person was injured.

Total CEO Not Worried over Possible Norway Fund Capital Exit

Patrick Pouyanne (File photo: Total)

The possible exit of Norway's sovereign wealth fund from the capital of French oil and gas major Total will take place over time and is thus unlikely to hurt Total's stock price, Chief Executive Officer Patrick Pouyanne said on Friday. "I can tell you that…

Total Sells Two Norwegian Oilfields to Statoil

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

Statoil will become operator of both fields. French oil and gas major Total said on Monday it had agreed to sell its stakes in two Norwegian oilfields to Statoil for $1.45 billion as it reviews its North Sea portfolio after acquiring Denmark's Maersk Oil in August.

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 to Step Up Offshore Norway Exploration

File Image: an offshore Statoil Installation (CREDIT: Statoil)

Norway's Statoil will ramp up its search for oil and gas deposits on the Norwegian continental shelf next year, the company said on Friday. Oil companies are stepping up efforts to find more oil and gas offshore after cutting exploration budgets following the oil price drop since 2014…

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.

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…

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…

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).