Equinor has announced an oil discovery in Norway of 37 – 50 million recoverable barrels.
Norwegian E&P Vår Energi (VAR:NO) has reported pre-tax profits of $1.65 billion for Q1 2022, in its first quarterly results posting since its February 2022 listing.
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
Following a string of delays, Sembcorp Marine has completed construction of the hull and living quarters for the Johan Castberg unit, which has now begun dry transport from Singapore to Norway.
The Johan Castberg production vessel is to set sail for Norway next month after it left the dock in Singapore.
Equinor said today there was no single “event” that could have directly caused the welding issues found on the hull of its Johan Castberg production vessel.
Westwood Global Energy reports that there were five exploration well programmes active on the Norwegian Continental Shelf as of February 24. A total of three exploration wells have completed to date in 2021, from which one commercial discovery was made with total resources of c. 57 mmboe, giving a 33% commercial success rate.
Work has restarted in Singapore on a vessel for Energean that is due to begin producing gas off Israel in 2021.
Last year saw a “record number” of oil and gas fields producing in Norway, according to new analysis.
Engineering and constriction firm Kvaerner has today outlined its plans to increase its offshore wind work, alongside a concerted push for floating production storage and offloading (FPSO) vessel manufacturing contracts.
Equinor and partners have detected 12-25 million recoverable barrels of oil at the Skruis exploration well in the Johan Castberg licence.
The development plan for Equinor’s huge Johan Castberg field has been granted approval by Norway’s Ministry of Petroleum and Energy.
Technology giant ABB has received an £18million contract to provide automation and safety systems for Statoil’s Johan Castberg development.
Baker Hughes, a GE Company (BHGE), has won a contract with Statoil to provide turbomachinery equipment for the Johan Castberg development.
Norwegian firm Kvaerner has announced plans to invest 370 NOK (£33.8million) in a major extension to its quay site in Stord.
Energy giant Statoil has awarded Norwegian engineering firm Kvaerner a 3.8billion NOK contract for construction and installation of the floating production, storage and offloading (FPSO) vessel to be used in the Johan Castberg field.
Norwegian subsea company Ocean Installer has announced a substantial contract award from Statoil ASA for marine operations on the Johan Castberg project.
Oil services firm Subsea 7 has announced it has been awarded a “sizeable” contract from Statoil for work on the Johan Castberg field development in the Barents Sea.
Offshore service provider Drydocks World has signed an agreement to carry out construction of the Turret Mooring System (TMS) for Statoil’s Johan Castberg Floating Production Storage and Offloading (FPSO) vessel.
Aker Solutions won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's floating production, storage and offloading vessel (FPSO).
The licensees involved in the Johan Castberg discovery in the Barents Sea submitted their development and operation plans to authorities today.
Statoil has awarded Sembcorp Marine in Singapore the £375million contract to build the hull and integrated living quarters for the vessel which will serve the Johan Castberg field in the Barents Sea.
Swedish engineering giant ABB have struck a deal with Statoil over its Johan Castberg development in the Barents Sea.