Norway/NCS ///

Tenaris to supply line pipe for Northern Lights CO2 transportation and storage project

Equinor has awarded Tenaris the supply of tubulars for the Northern Lights CO2 transport and storage facilities in Norway. From its Dalmine mill in Italy, Tenaris will produce 105km 12” Carbon Manganese (C-Mn) seamless line pipe for the milestone project.

Equinor and partners tally 2021’s largest Norwegian oil strike thus far

Preliminary estimates place the size of the discovery in the Fram prospects between 12 and 19 million standard cubic meters of recoverable oil equivalent, corresponding to 75-120 million barrels of recoverable oil equivalent.

Baker Hughes and Horisont Energi team on Barents Sea carbon capture and storage project

Baker Hughes and Horisont Energi AS have signed a memorandum of understanding for the Polaris carbon storage project off the northern coast of Norway. Under the agreement, the two companies will explore the development and integration of technologies to minimize the carbon footprint, cost and delivery time of carbon capture, transport and storage (CCTS).

Equinor logs new oil find near existing Barents Sea fields

Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production license 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic meters of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil.

Brent crude premium climbs as North Sea field maintenance cuts flow

Heavy maintenance work on North Sea oil fields in the coming months is helping to erode the flow of crude to Asia from some suppliers in the Atlantic basin as a key price spread between the two regions balloons.

Neptune Energy commences Dugong appraisal drilling in the North Sea

The Neptune-operated Dugong discovery, in Production License 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020. Neptune estimates recoverable resources to be between 40 - 120 million barrels of oil equivalent (boe).

Lackluster results diminish interest in Norway’s latest Arctic oil lease round

The Nordic country’s oil and gas industry has been keen for new acreage to offset an expected decline in production toward the middle of the decade. The Barents is estimated to hold more than 60% of the undiscovered resources off Norway, according to the nation’s petroleum directorate.

Equinor taps Aker Solutions to cut CO2 emissions on Troll B & C platforms

“Reduction of climate footprint is high on the agenda for our customers in the oil and gas industry. Electrification of production platforms is one of the ways to reduce emissions from such operations,” said Kjetel Digre, chief executive officer of Aker Solutions.

Norway’s sovereign wealth fund scrutinizes its oil holdings

Norway’s $1.3 trillion wealth fund is set to take a critical look at the stakes it holds in national oil companies, as its ethics council expands scrutiny of corruption in its latest set of guidelines.

Norway grants 61 new offshore oil and gas exploration licenses

“This year’s award of 61 new production licenses to as many as 30 companies shows that the petroleum industry still has significant expectations of making profitable discoveries on the Norwegian Shelf,” said Kalmar Ildstad, director of license management in the Norwegian Petroleum Directorate.

Marubeni retains Jefferies to market its North Sea oil and gas assets

Marubeni Corp. could all but exit the UK North Sea as it looks to sell its main oil and gas fields in the region, according to people with knowledge of the matter.

Equinor, Moss Maritime to test floating solar generation offshore Norway

Equinor plans to build a floating pilot plant off Frøya near Trondheim in the late summer of 2021. It is set to become the world’s first pilot plant for floating solar power in rough waters.

Coretrax saves 14 days rig time offshore Norway with expandable drilling liner

The expandable drilling liner enabled the operator to kick-off much deeper in the well, eliminating the need to drill a section of the wellbore and install a tie back. The system was fully expanded within six hours and the entire project was completed in less than 40 hours.

CGG completes high-resolution Barents Sea seeps study for Norwegian Petroleum Directorate

To meet the requirements of the study, CGG Satellite Mapping custom-tasked next-generation SAR satellites to acquire a large collection of high-spatial-resolution SAR imagery at a high revisit frequency.

Paradigm Drilling Services and Toolserv form strategic alliance

The agreement will see Toolserv AS exclusively managing supply, sales and rental of Paradigm Drilling products and services in the country with the outlook to expand to other countries as business and demand grows.

Equinor stakes NOK 3 billion to improve Statfjord Ost oil recovery

Equinor and its license partners have decided to invest NOK 3 billion in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent.

Wärtsilä helps Wintershall Noordzee mitigate offshore hazards with next-gen marine traffic monitoring system

Wärtsilä Voyage has successfully completed its first commercial installation of the state-of-the-art Wärtsilä Navi-Harbour WebVTS 5.0 software application. The system was ordered by Netherlands-based Wintershall Noordzee B.V. to provide greater safety for their offshore installations in the North Sea.

Maersk Drilling’s first low-emission rig delivers carbon-reduction results offshore Norway

The installation of low-emission technology on offshore rigs is one of several initiatives that support Maersk Drilling’s efforts to reach the company’s recently announced target of reducing its CO2 emissions intensity by 50% by 2030.

Aker Solutions lands two key Equinor Northern Lights CO2 contracts

Northern Lights is part of the Norwegian government’s Longship project for establishing full scale CO2 capture, transport and storage facilities in line with the country’s international climate agreements.

Aker Solutions lands Johan Sverdrup phase two connection contract

The new contract covers hook-up on the field and other hook-up and completion tasks that must be carried out after the platform has been installed to prepare it for operation.