Norway/NCS ///

Drilling permit granted to Lundin Petroleum for well 16/1-28 S in production license 338 C

Well 16/1-28 S will be drilled from the COSLInnovator drilling facility at position 58°48’51.49’’ north, 02°16’14.20’’ east in the central part of the North Sea. COSLInnovator is now drilling the appraisal well 16/4-11 for Lundin in production licence 359.

Norway's $1-trillion wealth fund reveals thinking on oil risk

The man running the world’s biggest wealth fund said snapping up oil stocks now could pay off down the line. It’s just not a good idea for Norway.

Norway illustrates potential of mature basins with record-breaking license awards, says GlobalData

Analysis of Norway’s upstream oil and gas industry shows that the country currently has 887 licensed blocks, of which 529 blocks are in the shallow water terrain and 358 are in deepwater terrain, according to GlobalData, a leading data and analytics company.

Big freeze stretches UK gas supplies as prices skyrocket

The freezing weather entrenched across much of Europe is stretching Britain’s supply of natural gas with fresh snowfall forecast for much of the country.

Subsea 7 awarded EPCI contract for Wintershall's Nova field

Subsea 7 S.A. has announced the award of a sizeable contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development.

Aker Solutions wins subsea order for Nova project

Aker Solutions won an order from Wintershall Norge AS to provide the subsea production system, umbilicals and services for the Nova oil and gas field offshore Norway, highlighting the value of early engagement in projects.

Statoil reports spud of first well at Oseberg Vestflanken 2

In the early hours of Sunday, Feb. 25 drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on Feb. 7 the project could boast break-even reduction from $34 to $16/bbl.

Oil CEOs urge Norway to throw a lifeline to carbon capture

Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

Faroe Petroleum divests 17.5% stake in Fenja development

Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has executed a transaction with Suncor Energy Norge AS (Suncor) for the sale of a 17.5% working interest in the Fenja development, located in PL586 in the Norwegian Sea.

Statoil granted drilling permit for wildcat on Norway's PL 167

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 16/1-29 S, cf. Section 15 of the Resource Management Regulations.

Faroe Petroleum commences drilling of Fogelberg appraisal well

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 Fogelberg appraisal well and contingent sidetrack 6506/9-4S &4A in the Norwegian North Sea (Faroe 28.3%).

Western Europe's biggest oil producer is getting another fix

A rally in the price of black gold is giving Norway another fix.

Trelleborg contributes to floatover of topside for world’s largest FPSO spar platform

Floatover equipment from Trelleborg’s engineered products operation has contributed to the successful mating of Statoil’s landmark Aasta Hansteen gas field project’s 24,000-ton topside and the world’s largest Spar FPSO platform, off the coast of Norway at Stord.

Top Norway fund manager bets on rigs for 200% return

After more than three years of taking a hammering, drillers are set to rise.

Norway grants drilling permit to Spirit Energy Norge AS

The Norwegian Petroleum Directorate has granted Spirit Energy Norge AS a drilling permit for wellbore 35/9-14, cf. Section 15 of the Resource Management Regulations.

TAQA to transform Eider platform, extend the life of North Sea fields

Abu Dhabi National Energy Company PJSC (TAQA) is transforming its Eider platform and ensuring continued production from Otter field, as part of its strategy to maximize economic recovery and extend the life of its oil and gas fields in the Northern North Sea (NNS).

Aker Solutions wins subsea orders for Troll and Askeladd projects

Aker Solutions was awarded contracts from Statoil to provide subsea production systems and services for the Troll Phase 3 and Askeladd natural-gas developments offshore Norway.

Aker BP inks frame agreement with Aqualis Offshore

Under the Frame Agreement, Aqualis Offshore will provide marine warranty surveyor and marine services to Aker BP’s fixed platforms, mobile units and subsea fields on the Norwegian continental shelf.

Deep Sea Mooring commences mooring operations on NCS

Deep Sea Mooring (DSM), a Vryhof company, has commenced operations with the newly awarded contract to provide pre-lay mooring products and services to the Deepsea Bergen semisubmersible drilling rig on the Norwegian Continental Shelf.