Norway/NCS ///

Faroe Petroleum reports discovery in Norwegian Sea

LONDON -- Faroe Petroleum has reported an oil and gas discovery at the Njord North Flank in the Norwegian Sea.

Aker Solutions wins contract to upgrade Mongstad terminal for Johan Sverdrup

Aker Solutions has been awarded a contract to upgrade the Mongstad terminal for oil from Johan Sverdrup from late 2019.

AGR names new head for Well Management business in Norway

AGR has appointed Tore Øian to lead the company’s Well Management business in Norway.

Aker Solutions, MAN to cut cost of subsea compression systems

Aker Solutions and MAN Diesel & Turbo expect to cut the size and weight of subsea compression systems by at least 50% just a year after the first such system successfully went on stream at Statoil’s Åsgard field.

Statoil cleared to drill four survey wells at Johan Sverdrup

Statoil has received consent to drill four survey wells at Johan Sverdrup field, Petroleum Safety Authority (PSA) Norway said Monday.

Johan Sverdrup shipment arrives at Kvaerner’s Verdal yard

The first of two shipments of pile clusters and flotation tanks have arrived at Kvaerner’s yard in Verdal, Norway.

Wintershall sells stake in North Sea’s Yme license to OKEA

Wintershall Norge has signed a sales agreement with OKEA, a Norwegian oil company which was established in Trondheim last year, to sell its 10% share in the Yme license on the Norwegian Continental Shelf.

Oil tankers piling up in North Sea show glut facing OPEC

A pile up of tankers waiting in the North Sea suggests a glut is building again in the market where benchmark crude is traded, highlighting the task facing OPEC as it seeks to rein in a global glut.

Aker Solutions wins subsea contracts for DEA’s Dvalin field

DEA Norge has awarded Aker Solutions two contracts, worth at least NOK 900 million ($113 million), to deliver the subsea production system, maintenance and services at the Dvalin natural gas development offshore Norway.

Aker BP to acquire Norwegian licenses from Tullow

Aker BP has agreed to acquire stakes in a number of offshore licenses from Tullow Norge. The transaction comprises working interests in eight licenses, including 15% in the Oda—previously known as Butch—discovery in PL405.

Songa Offshore to temporarily cut 430 workers amid strike

Songa Offshore is to temporarily dismiss hundreds of workers amid a Norwegian labor dispute.

Lundin completes Alta appraisal well in Barents Sea

Lundin Norway has completed the drilling and testing of the re-entry of appraisal well 7220/11-3 A (Alta-3) on the eastern flank of the Alta discovery in PL609. The Alta discovery is estimated to contain gross contingent resources of between 125 MMboe and 400 MMboe.

Deep Sea Mooring to supply mooring equipment services to Safe Zephyrus semisubmersible

Global Maritime Deep Sea Mooring, the leading provider of offshore mooring services in Norway, has signed a contract with Norwegian operator Det norske oljeselskap to support Prosafe’s semisubmersible Safe Zephyrus accommodation rig in the Ivar Aasen North Sea field.

$1-billion price tag no problem as Det Norske seeks fresh oil deals

Billionaire Kjell Inge Roekke has already seized on the collapse in crude prices to merge his oil company, Det Norske Oljeselskap, with BP’s Norwegian unit. As he looks for more deals, money’s not the issue.

How actual nuts and bolts are bringing down oil prices

Last spring, Statoil announced it had used the same oil well design and components to drill three reservoirs for the price of one.

Eni restarts Goliat production after gas leak

Eni resumed production from Goliat field early on Tuesday morning, the company said in a statement.

Statoil cancels contract for North Atlantic Drilling’s West Epsilon jackup

North Atlantic Drilling Limited has received a notice of cancellation from Statoil related to the contract for the West Epsilon.

Lamprell awarded contract for Johan Sverdrup development

Lamprell has received a new contract award from Jacktel, a wholly owned subsidiary of Master Marine, for the upgrade of the mobile operating unit Haven as an accommodation service vessel for the Statoil-operated Johan Sverdrup field.

Maersk Oil seen surviving split to become independent producer

Maersk Oil may well survive as an independent oil company after being split off from its larger parent. While assets that include a stake in the giant Johan Sverdrup project off Norway will draw suitors, listing the company would make sense, analysts said.

High interest in exploring for oil and gas in Norway: APA 2016

The deadline for applications to the annual licensing round in the best known exploration areas on the Norwegian Continental Shelf (APA 2016) expired on Tuesday, Sept. 6, 2016. Thirty-three companies have shown their interest in receiving oil and gas exploration licenses in these areas.