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On Sept. 2, the Visund Nord IOR (improved oil recovery) project came onstream, two months ahead of schedule. The project has further been delivered with no serious HSE incidents and well below budget.
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has announced that Spirit Energy Limited has farmed-in to 50% of Hurricane’s Lincoln (P.1368 South) and Warwick (P.2294) licenses, together covering the Greater Warwick Area (GWA).
The Norwegian Petroleum Directorate has granted consent for start-up of the Aasta Hansteen facility in the Norwegian Sea. Operator Equinor plans to start production during the course of autumn 2018.
Maersk Drilling and Aker BP have agreed to a new two-year contract to reactivate and quickly deploy jackup rig Maersk Reacher in the Norwegian part of the North Sea.
Over the past few years, the expression ‘cautious optimism’ has often been used when referring to the North Sea’s oil and gas industry landscape. The industry has experienced dramatic change since the latest downturn began.
Come visit ONS Innovation Park 2018 to learn more about the latest technical solutions. The stand gathers 18 small- and medium-sized Norwegian companies, exhibiting new and exciting innovations primarily tailored to increase value creation on the Norwegian Continental Shelf (NCS).
In collaboration with Cognite and Framo, Aker BP intensifies the digitization of offshore operations; new smart service contract will change the traditional approach to maintenance.
Wood recently provided technical support for Equinor’s liquefied natural gas (LNG) facility at Melkøya Island, Norway, as part of a new contract secured under an existing master services agreement.
One thing that became clear in one of the Tuesday morning sessions at ONS is that China remains an important oil trading partner and lynchpin of stability for the MENA (Middle East/North Africa) region. In the session entitled, “The Lego Blocks of Energy and Geopolitics,” two analysts explained the relationship of China to the region, and also the stability, or lack thereof, among some key oil producers.
WorleyParsons will provide EPC services for the topsides module of the Buzzard Phase II development project. The services include module fabrication, brownfield scopes, module landing preparation and the associated tie ins, the topsides module hook-up, pre-commissioning and commissioning of the integrated package.
Since ONS in 2016, the landscape of E&P companies on the Norwegian Continental Shelf (NCS) has changed significantly. New players have entered the arena, companies have merged and several of the larger majors have changed their organizations, altered their business models or even changed their names and branded outfit.
ABB is set to deliver what it believes to be the world’s fastest start-up when Equinor’s Aasta Hansteen gas field begins operating and produces its first gas later this year.
Block Energy Plc has announced that the production sharing contract terms for its West Rustavi license have been accepted by the government of the Republic of Georgia.
Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, has announced that the 9/14a-16 well on the Agar Plantain prospect, was spudded on Aug. 24, 2018, using the Transocean Leader drilling rig.
Global oil markets have stopped being the puppet masters driving European natural gas prices.
Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has successfully completed the appraisal well 16/1-28S and production test on the Rolvsnes discovery in the PL338C, on the Utsira High in the Norwegian North Sea.
In one of two Monday afternoon sessions at the Offshore Northern Seas (ONS) conference & exhibition in Stavanger, Norway, executives from Saudi Aramco and Pioneer Natural Resources spoke of operational efficiencies gained at their firms, and how they are striving for excellence in a still-recovering global market. Naturally, continued innovation and good decision-making remain paramount.
ONS is proud to be hosting the first ever Ghanaian Pavilion to appear at an ONS 2018. You will find the Ghanaian Pavilion at ONS 2018, in Hall 4, stand 4300.
Oil companies are looking for ways to increase oil recovery rates. Subsea boosting can be a powerful tool, but investment costs are often too high, driven by expensive topside modifications and overall system cost.
As the Offshore Northern Seas (ONS) conference & exhibition got underway on Monday in Stavanger, Norway, it was hard to tell whether it is still mostly a traditional oil and gas event, or whether it has become a renewables advocacy forum.