Norway/NCS ///

Still plenty of discoveries to be made on the Norwegian shelf, NPD says

The Norwegian Petroleum Directorate (NPD) has published the 2018 Resource Report for Exploration. The report shows that production of oil and gas will increase going forward – but that new and larger discoveries have to be made in order to maintain the same level after the mid-2020s.

Equinor, Microsoft partner for cloud services delivered from new cloud data centers in Norway

Equinor and Microsoft have entered into a strategic partnership agreement. As part of the agreement, Equinor will provide industry knowledge and business needs to support Microsoft in developing new solutions for the industry. Microsoft will provide expertise to accelerate Equinor’s IT development and establish new data center regions in Stavanger and in Oslo.

Oil explorers get best results in Norway since 2010 bonanza

Oil companies in Norway have more to rejoice about than just higher crude prices: they’re now boasting the best exploration results in almost a decade.

Shell sells Draugen, Gjøa interest in Norway

Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway for $556 million (NOK 4,520 million).

Wintershall awarded new acreage in Norway's 24th licensing round

Wintershall Norge AS has announced that the company has been awarded new acreage in the 24th licensing round on the Norwegian Continental Shelf (NCS).

EMGS announces multi-client revenues related to 24th license round awards

The Norwegian Ministry of Petroleum and Energy (MPE) has announced the awards of new production licenses in the 24th licensing round on the Norwegian continental shelf.

Equinor offered seven licenses in Norway's 24th licensing round

The Ministry of Petroleum and Energy has offered Equinor seven licenses in the 24th licensing round – five operatorships and two partner positions.

Companies in the news

Michele Cowart, World Oil

Baker Hughes, a GE company, has been awarded, by Equinor ASA and Aker Solutions, a contract to provide turbomachinery equipment for the topside structure on the Johan Castberg FPSO.

Exceptional concepts go the distance

Rob Oberhofer, Rodney Schnell, Packers Plus Energy Services

Proven completion technologies combine for an effective, elegant solution.

Equinor reports discovery at Utsira High, northwest of Johan Sverdrup

Equinor and partners Lundin and Spirit Energy have struck oil in the PL 167 license at the Utsira High in the North Sea. The discovery is currently estimated to contain 15-35 MMbbl of recoverable oil equivalent.

Johan Sverdrup drilling platform installed

After initial preparations, the actual installation job took only three hours. This makes it likely the fastest ever installation of a large, fully completed topside.

Equinor announces sailaway of Johan Sverdrup drilling topside

The Johan Sverdrup drilling topside is now sailing from the Aibel yard in Haugesund, on its way to the North Sea. The topside is the first, and biggest, structure to be completed and 85% fully tested onshore before being installed offshore in a single lift.

Aker BP awards Valhall Flank West contract to PG Flow Solutions

Aker BP, on behalf of the Wellhead Platform Alliance, has awarded PG Flow Solutions a contract to supply a number of pump systems to the Valhall Flank West wellhead platform.

TGS, PGS announce new Nansen 3D multi-client project in Norway

TGS and Petroleum Geo-Services (PGS) announce a new multi-client project in the Barents Sea. The new Nansen 3D Geostreamer survey will cover ~6,100 km² in an active APA area of the Hammerfest basin.

Return to $100-oil is far from unlikely, Norway minister says

Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back. Now Norway’s changed its tune.

Equinor granted consent to extend life of Oseberg Øst facility

Equinor (formerly Statoil) has been granted consent for continued use of the Oseberg Øst facility until March 31, 2031.

Equinor awards drilling contract for Fram, Askeladd licenses

Equinor (formerly Statoil) has awarded Odfjell a contract for drilling two times three production wells for the Fram and Askeladd licenses by using the Deepsea Atlantic rig. Odfjell has also been awarded a master framework agreement (MFA).

Equinor invests in Fram field, nearly doubling remaining reserves

Equinor (formerly Statoil) and its partners make investments in Fram field that will almost double remaining reserves.

Faroe Petroleum commits to Brasse East exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brasse East exploration well and award the associated rig contract, with commencement of drilling operations expected in fourth-quarter 2018.

Norway's $1-trillion wealth fund moves closer to oil exit

Norway’s $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks.