Norway/NCS ///

PSA: Eni to resume production at Goliat

Following an overall assessment, the Petroleum Safety Authority Norway (PSA) has determined that the order which required a shutdown of Goliat has now been complied with. This means that operator Eni Norge (Eni) can bring the field back on stream.

The Petroleum Safety Authority begins investigation of fatal accident at Tambar field

The Petroleum Safety Authority Norway (PSA) has initiated an investigation of an incident where one person died and another suffered serious injuries on Maersk Interceptor at Tambar field on Dec. 7, 2017.

Aker Solutions to provide subsea production system for Aker BP's Ærfugl

Aker Solutions was awarded a contract from Aker BP to deliver the subsea production system for the first phase of the Ærfugl development offshore Norway.

Faroe Petroleum reports incident at Tambar field

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, notes the press release provided below by Aker BP, the operator, regarding an incident at Tambar field in Norway (Faroe 45%).

NPD: Solid applicants want to explore in the 24th round

Eleven companies have applied for production licenses in the 24th licensing round on the Norwegian shelf.

Aker Solutions wins NOK 4 billion worth of Johan Castberg orders

Aker Solutions won key work to help Statoil develop Johan Castberg field, the largest oil discovery in the Norwegian Barents Sea.

Aker BP divests 10% in Valhall, Hod fields

Aker BP ASA has entered into an agreement with Pandion Energy AS to divest 10% interest in Valhall and Hod fields for an undisclosed cash consideration.

Faroe Petroleum announces commencment of Iris/Hades exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, has announced the commencement of the Iris/Hades (Aerosmith) exploration well, 6506/11-10 (Faroe 20%) in licence PL644/PL644 B.

Statoil to focus exploration on home turf in 2018 to curb risk

Norway’s Statoil ASA will focus exploration on its home turf next year as it seeks more oil and gas to run through existing platforms rather than gigantic deposits in frontier areas.

Britain's biggest gas supplier says Brexit puts access at risk

Norway says Britain and the EU need to figure out how to include it in the Brexit process.

Wintershall granted drilling permit for wildcat southwest of Aasta Hansteen

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for well 6604/5-1, cf. Section 8 of the Resource Management Regulations.

Oil industry shows signs of life after Norway wealth fund shock

A week after Norway’s $1-trillion sovereign wealth fund said it wanted to get out of oil and gas investments, the latest spending plans from oil companies show how the country’s not about to quit petroleum.

Lundin announces non-commercial gas discovery on Hufsa prospect

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. A non-commercial gas discovery was made in the main well while the sidetrack was dry.

Norway's oil bosses insist end isn't nigh after $35-billion shock

Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible.

Drilling permit for Norwegian wildcat well granted to OMV Norge

The Norwegian Petroleum Directorate (NPD) has granted OMV (Norge) AS a drilling permit for well 6506/11-10, cf. Section 8 of the Resource Management Regulations.

Norway idea to exit oil stocks is `shot heard around the world'

Norway’s proposal to sell off $35 billion in oil and gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.

Consent granted for start-up of production from Maria field

The Norwegian Petroleum Directorate has granted consent for start-up of production from the Maria field in the Norwegian Sea.

Well-Safe Solutions secures its first contract with TAQA Bratani

Well-Safe Solutions has signed its first contract after launching in July this year.

Statoil plans to step up exploration after driving down costs

Statoil ASA plans to step up drilling in Norway for a second consecutive year, in the first indication it has given of its exploration plans for 2018.

Norway's $1-trillion wealth fund wants out of oil and gas stocks

Norway’s $1 trillion sovereign wealth fund proposed dumping about $35 billion in oil and gas stocks, including Shell and Exxon Mobil, to protect the economy of western Europe’s biggest petroleum producer.