Norway/NCS ///

Ministry of Petroleum and Energy announces 24th licensing round

The Ministry of Petroleum and Energy (MPE) has announced the 24th licensing round. In this round, 102 blocks/parts of blocks will be announced, divided among nine in the Norwegian Sea and 93 in the Barents Sea.

Statoil, Faroe Petroleum announce PDO approval for Njord and Bauge fields

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, notes Statoil’s announcement regarding PDO of Njord and Bauge in the Norwegian North Sea.

Statoil awards EPC contract extention to TechnipFMC

TechnipFMC has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea.

Norway emerges from downturn as growth seen at pre-crisis levels

Norway may be finally emerging from an oil downturn with companies the most upbeat they’ve been on economy since before the oil crisis, according to a central bank survey. The krone jumped on the news.

Wood Group wins Statoil concept and feasibility study contracts

Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian North Sea assets.

EMGS reports pre-funding for multi-client acquisition in Norway

Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered into pre-funding agreements related to 3D CSEM data surveys in the Barents Sea and Norwegian Sea using the conventional technology and the new Deep Blue source.

Statoil granted drilling permit for wildcat in Barents Sea

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7219/9-2, cf. Section 8 of the Resource Management Regulations.

Norway oil-wage talks near deadline as 10% of output at risk

Norwegian oil workers will hold last-ditch wage talks with their employers on Friday in an attempt to avoid a strike that could cut 10% of crude output from western Europe’s largest producer starting this weekend.

Worst offshore slump holds key lessons for top Norway banker

Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent.

Norway bolsters oil-industry defenses against foreign takeovers

Norway is seeking greater leeway to restrict foreign ownership of its offshore fields.

Faroe Petroleum reports drilling of Brasse appraisal well in Norwegian North Sea

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the commencement of the Faroe-operated Brasse appraisal well 31/7-2S in the Norwegian North Sea (Faroe 50%).

Statoil to start producing from Norway's Gina Krog field

The Norwegian Petroleum Directorate has granted consent for start-up of production from the Gina Krog field in the North Sea, and the operator—Statoil—is planning start-up in late June 2017.

NPD awards framework agreements to 11 supplier firms

To ensure sufficient capacity to be an even better champion for developing new fields and improving recovery from producing fields, the Norwegian Petroleum Directorate (NPD) has awarded framework agreements to 11 supplier firms, representing various technology areas.

Repsol Norge drills dry well west of Aasta Hansteen field

Repsol Norge AS, operator of production licence 705, has completed the drilling of wildcat well 6705/7-1.

Proserv Norway secures significant decommissioning project awards

Energy services company Proserv has recently been awarded three contracts worth a combined value of more than $2.5 million for decommissioning work in the Norwegian North Sea.

Fugro commences Mareano survey in Norwegian waters

Fugro has commenced a hydrographic survey encompassing an area of Norwegian waters of approximately 15,000 km2. Awarded by the Norwegian Hydrographic Service, the contract value is 34.5 million NOK (approximately €3.8 million).

DNO re-enters NCS with acquisition of Origo Exploration

DNO ASA, the Norwegian oil and gas operator, today announced the acquisition of Origo Exploration Holding AS, a privately-held oil and gas exploration company with a focus offshore Norway and the United Kingdom.

Lundin Petroleum completes Gohta appraisal well in southern Barents Sea

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the Gohta appraisal well 7120/1-5, located in PL492 in the southern Barents Sea.

Faroe Petroleum Norge granted drilling permit for well 31/7-2 S

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-2 S, cf. Section 8 of the Resource Management Regulations.

Maria development on schedule, Wintershall says

Norwegian minister of petroleum and energy, Terje Søviknes, and Wintershall’s CEO, Mario Mehren, visited the Deepsea Stavanger rig in the Norwegian Sea ahead of reservoir drilling on Wintershall-operated Maria field.