Norway/NCS ///

OPEC deal seen helping Norway oil investment as soon as 2017

Wood Group and Heerema Fabrication sign memorandum of understanding

Wood Group and Heerema Fabrication Group (HFG) have signed a memorandum of understanding (MoU). The companies will join efforts to offer wellhead platform development, from design to installation, hook-up and commissioning, to clients on the Norwegian Continental Shelf (NCS).

Shell to start feeling Norway heat on Ormen Lange gas project

Norway expects Royal Dutch Shell Plc to go forward with a shelved project to boost recovery of natural gas at the Ormen Lange field, and warned it will start pushing the company for progress from next year.

Aker BP awards new frame agreement to DNV GL

Aker BP, one of Europe’s largest independent oil companies, has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf.

Centrica submits development plan for North Sea’s Oda field

Centrica has submitted the Plan for Development and Operation (PDO) for Oda field to Norway’s Ministry of Petroleum and Energy. Centrica and its partners will invest about NOK 5.4 billion in the development of Oda field, which is scheduled to start production in 2019.

Aibel awarded contract for Statoil’s Troll C platform

Aibel has been awarded a FEED study for the installation of a new gas module on Statoil’s Troll C platform. The contract also has an option for the implementation phase.

Norwegian producers deepen record spending cuts amid rout

Oil and gas companies in Norway cut spending forecasts for 2017, deepening what was already a record reduction in offshore investment.

Engie E&P Norge extends contract with AGR

AGR has successfully secured a two year extension to a frame agreement to provide personnel services to Engie E&P Norge.

Big Oil slipped ‘poison pill’ as Norway seeks to limit exodus

As one oil major after the other considers leaving Norway, the alarm bells are sounding at the country’s Petroleum and Energy Ministry.

Worst remains for Norwegian offshore fleet as more rigs idled

The offshore fleet tending to Norway’s oil industry, already sailing through the worst downturn in a generation, is in for even more pain, according to the head of the Norwegian Shipowners’ Association.

Oil majors seeking Norway exit warned shutdown costs may remain

As oil majors are considering exiting Norway, the government is warning them that they could still be on the hook for billion of dollars in costs to close down dried up oilfields if they aren’t careful to whom they sell.

Altus Intervention wins frame agreement contract with Aker BP

Aker BP has awarded ALTUS Intervention a frame agreement contract for well intervention services consisting of casedhole wireline, slickline and tractor services on three production wells and one exploration well on Alvheim field.

Technip, FMC receive contract for Statoil’s Trestakk development

The FMC Technologies and Technip alliance has received an integrated engineering, procurement, construction and installation (EPCI) contract for Statoil’s Trestakk field.

KONGSBERG, Automated Ships to build unmanned, fully-automated vessel for offshore ops

The UK’s Automated Ships Ltd. and Norway’s Kongsberg Maritime have signed a Memorandum of Understanding to build the world’s first unmanned and fully-automated vessel for offshore operations.

Statoil suspends Songa Offshore semisubmersible

Statoil has decided to temporarily suspend the Songa Enabler semisubmersible, which was originally destined for the Johan Castberg license.

Statoil slashes development costs for Trestakk discovery

Statoil has submitted a Plan for Development and Operation for the Trestakk discovery on the Halten Bank to Norway’s Minister for Petroleum and Energy Tord Lien. Capital expenditures are estimated at approximately 5.5 billion NOK ($670 million).

Statoil ups stake in Norway’s Byrding development

Statoil has agreed to acquire Wintershall Norge’s 25% interest in the Byrding project on the Norwegian Continental Shelf.

Statoil posts surprise loss on low oil prices, cuts spending

Statoil, the first of the major oil producers to report third-quarter earnings, posted an unexpected loss for a second quarter in a row as maintenance and exploration expenses compounded the impact of lower crude and gas prices.

Russia, Norway to exchange Barents Sea seismic data

The Norwegian Petroleum Directorate (NPD) and Russia’s Federal Subsoil Resources Management Agency (Rosnedra) have entered into an agreement to exchange seismic data from the areas around the demarcation line in the Barents Sea.

Honeywell to control Statoil's Valemon platform remotely from onshore location

Honeywell Process Solutions (HPS) is to provide advanced automation and safety solutions to enable remote onshore operation for an unmanned offshore platform in the North Sea, reducing overall production costs and improving safety.