Norway/NCS ///

Equinor targets near-zero emissions in Norway by 2050

In 2050, Equinor expects Norwegian oil and gas production to be less than half of current levels, assuming development of defined projects and substantial efforts to increase production from existing fields and continued exploration.

DNV GL wins framework agreement with DNO for Norwegian Continental Shelf operations

The agreement will be managed from DNV GL’s office in Stavanger, Norway and supported with a global network of 2,000 technical experts, with global services ranging from verification and environmental to due diligence studies.

Norway’s financial regulator says ‘green’ investing has a dark side

Morten Baltzersen, the head of the Financial Supervisory Authority in Norway, says the rush to plow funds into investments that fulfill environmental, social and governance (ESG) standards has opened the door to a new risk.

Norway’s oil lobby raises spending forecasts for 2020 and beyond

Norway’s oil lobby raised the investment forecast for the country’s offshore industry for the coming years, even if it still sees a sharp drop in 2021 amid a lack of big new projects.

Stauper Offshore earns produced water technology qualification from Equinor

Equinor performed rigorous testing of the Stauper technology at the Grane Field in the North Sea, and the results showed that up to 99.5% of oil was removed from the produced water.

Johan Sverdrup single-handedly reverses Norway’s crude production decline

Sverdrup’s earlier-than-expected start in October broke a long trend of underperformance for Norway’s overall oil production. Output lagged forecasts in 28 straight months through September, even after the 2019 estimate was slashed to a 31-year low.

Shell wins ruling banning activists from protesting on unmanned platforms

Royal Dutch Shell won a court ruling preventing environmental protesters from boarding unmanned oil installations in the North Sea.

Equinor hopes for a dry well near Troll, for potential CO₂ storage

For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas.

Rising number of North Sea oil and gas firms engaged in energy transition

Almost 40% of North Sea operators and contractors are concerned about diversification and energy transition with around half (49%) working to reduce their carbon footprints or develop low carbon solutions, according to an industry report.

Equinor retreats from frontier exploration in Norway’s Arctic

Equinor will reduce its focus on the frontier areas of the Barents Sea in another blow to Norway’s ambition to build a new oil province in its Arctic region.

Ardyne and Equinor ink long-term fishing services agreement offshore Norway

Ardyne has enhanced its relationship with Equinor through a frame agreement for fishing services covering all of the operator’s assets on the Norwegian Continental Shelf.

Norway’s oil production beats October forecast, still lags full-year projections

The Norwegian Petroleum Directorate’s preliminary production figures for October 2019 show an average daily production of 1.82 MMbblof oil, NGL and condensate, an increase of 264,000 bpd compared to September.

Equinor divides inspection tasks among four companies for Norwegian operations

“The agreements form the basis for a strong long-term collaboration, allowing us to use new technologies, achieve continuous improvement and increase safety and value creation for all parties,” says Peggy Krantz-Underland, Equinor’s chief procurement officer.

Decommissioning will be the North Sea’s biggest business by 2030

“Over $26 billion is to be spent on UK decommissioning by 2030,” said Paul Main, a Wood Mackenzie Ltd. analyst focused on the upstream supply chain. By that time, companies will be spending more on removing redundant oil and gas facilities than developing new fields, he said.

Subsea 3D scanning specialists enter decommissioning market with double contract win

Viewport3 is entering the decom market after securing two pre-removal scanning contracts for North Sea projects with two major operators.

OneSubsea wins industry’s longest deepwater tieback project for Ormen Lange

The compression system will be powered and controlled from the Nyhamna onshore gas processing plant, which is 120 km from the subsea location. This tieback distance is also a world record for transmitting variable speed power from an onshore facility to equipment on the seabed.

Equinor taps ABB to connect world’s largest offshore wind farm to UK grid

ABB has been selected by energy companies SSE Renewables and Equinor to supply its high-voltage direct current (HVDC) Light converter systems to connect the world’s largest offshore wind farms in the Dogger Bank region of the North Sea to the UK transmission network.

Norwegian oil crews stigmatized in the “climate change” era

Oil was discovered in the North Sea in the 1960s and has made Norwegians rich, but that fairy tale is now losing sway as a growing number of politicians and environmental groups are calling for a shutdown of production with as much half of the estimated resources still in the ground.

International SOS increases investment in North Sea medical services

International SOS, which previously had a minority stake in Iqarus through a joint venture, is becoming the majority shareholder and taking sole ownership of the business in Aberdeen.

New Johan Sverdrup crude stealing share in key global markets

Norway’s new Johan Sverdrup oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.