DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken £112million of impairments costs related to its newly-acquired fields in the North Sea.
Throughout my time in the upstream oil and gas industry I have always considered Norway to be best in class when it comes to environmental management.
Equinor has made a "profitable oil discovery" at its Oseberg area in the Norwegian North Sea.
Statoil has commenced drilling on the Vestflanken 2 well in the North Sea Oseberg area.
Statoil has installed its first unmanned wellhead platform.
Footage of a North Sea storm has attracted more than 50,000 views in about two days. The video, posted on YouTube, shows waves crashing against the steel jacket of one of Statoil’s bridge-linked Oseberg platforms. The clip is dated December 26 and was published online a day later.
Statoil and its partners have decided to develop the Oseberg Vestflanken 2 covering the Alpha, Gamma and Kappa oil and gas structures. The Oseberg Vestflanken covers the Alpha, Gamma and Kappa oil and gas structures, which are located around eight kilometres northwest of the Oseberg field centre.
Statoil said it plans to present its development plan for its Oseberg Vestflanken 2 project offshore Norway tomorrow.
Statoil has started production from its Oseberg Delta 2 field in Norway. It is the tenth project in the company’s fast-track portfolio to be completed, with the total investment coming to slightly less than NOK7 billion. The field, which is tied back to the Oseberg field centre, has been developed using two subsea templates with capacity for a total of eight wells.
Statoil and its licence partners have chosen an unmanned wellhead platform as the concept for the Oseberg Future development phase I project in the North Sea. The platform will be controlled from the Oseberg field centre and three concept studies have been made. It will have no living quarters, helicopter deck or lifeboats.