Norway/NCS ///

Equinor bends to investor pressure on climate

Equinor is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change.

Chrysaor to acquire ConocoPhillips' UK oil and gas business for $2.675 billion

Chrysaor Holdings Limited is to acquire ConocoPhillips' UK oil and gas business for $2.675 billion.

Delek, Ineos emerge as front-runners for Chevron's UK fields

As Chevron's North Sea oil and gas fields divestment progresses, Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are top contenders, according to people familiar with the matter.

WFS 2nd generation Seatooth improves offshore safety, reduces cost in North Sea

A new generation of subsea technology has been successfully used to improve safety and reduce cost in the North Sea oil and gas industry for the first time. Cutting-edge computing and subsea wireless IP camera technology deployed on a pipeline construction project enhanced diver safety and generated significant cost savings by avoiding the need for additional subsea vessels.

Norway's Petroleum Safety Authority investigates gas leak at Aasta Hansteen field

The Petroleum Safety Authority Norway (PSA) has launched an investigation into a gas leak experienced on the Aasta Hansteen field in the Norwegian Sea on April 8, 2019. This incident occurred in connection with gas flaring.

Companies in the news

Michele Cowart, World Oil

LUKOIL has commenced drilling new production wells at West Qurna-2 field as part of the second development phase.

Technology at OTC: Latest advances target additional efficiencies, cost-cutting

This year’s collection of new technologies and products carries on the spirit of last year’s advances, and perhaps even more aggressively, in terms of wringing out further efficiencies and cost reductions.

OTC Spotlight on New Technology Awards: Innovation continues as offshore recovers

As the offshore sector of the global E&P industry shows signs of finally turning the corner, the strong pace of technical innovation is continuing.

Aquaterra awarded multi-well construction contract by Lundin Norway

Aquaterra Energy, global offshore engineering solutions company, has been awarded a contract by Lundin Norway to deliver early well construction, via its Well Start solution, on three additional wells in the Edvard Grieg field.

Norway's Labor Party rises against oil exploration in Arctic's Lofoten islands

Norway's Labor Party holds steadfast against oil exploration in Arctic's Lofoten islands

Saipem has been awarded offshore drilling contracts in Norway, Middle East

Saipem has been awarded new contracts in offshore drilling in Norway and Middle East totaling over $200 million.

Petroleum Activity in the High North report shows significant value in Barents Sea

The Norwegian Petroleum Directorate has presented the report Petroleum Activity in the High North. The report places the petroleum activity in the High North into a historical, international and technological framework.

Dräger secures North Sea safety contracts for $1 million+

Dräger Marine & Offshore will supply equipment which detects and protects workers from hazardous gases to 23 platforms across the North Sea, under three new contracts worth more than $1.3 million (£1,000,000).

Petrofac awarded latest phase of Tullow Oil's decommissioning program

Petrofac has been appointed well operator by Tullow Oil for the next phase of its Thames Decommissioning Project, following the award of a contract worth around $16 million.

Lukoil completes construction of 7th well in Caspian Sea field

Lukoil continues to develop infrastructure in its Caspian Sea fields.

ConocoPhillips' North Sea assets gain interest from Chrysaor

Chrysaor Holdings Ltd. has expressed an interest in ConocoPhillips' North Sea assets after earlier discussions with U.K. billionaire Jim Ratcliffe collapsed, according to an anonymous source.

Xodus study reveals potential $77.5-million savings in North Sea decommissioning

A concept study and Front End Engineering Design (FEED) project carried out by Xodus Group has determined that a North Sea operator will save up to $77.5 million (£59 million) by adopting a Not Normally Attended (NNA) status ahead of decommissioning the field.

Equinor receives consent for exploration drilling in Barents, North Sea

The Petroleum Safety Authority of Norway has given Equinor Energy consent to drill exploration well 16/5-7 in production license 502 in the North Sea.

Lundin's Solveig PDO includes five satellite wells in North Sea

The Norwegian Petroleum Directorate has received the Plan for Development and Operation (PDO) for the Solveig oil discovery in the North Sea.

Equinor reports record-breaking lift completes the Johan Sverdrup field center

Three days – that’s what it took to lift four of the last pieces in the Johan Sverdrup puzzle into place – the two final platform topsides, a bridge and a flare stack. The processing platform lift was the heaviest lift ever performed offshore.