Norway's $1.1 trillion sovereign fund will divest companies solely dedicated to oil and gas exploration and production in a bid to shield itself from a long-term fall in oil prices, the finance ministry said late on Tuesday.The move will partly…
Shearwater GeoServices announced on Tuesday it has been awarded a master services agreement by Lundin Norway, and new Isometrix seismic acquisition projects for Lundin and Spirit Energy Norway in the Barents Sea, off the coast of Norway.Both…
Whatever the state of gas markets, new Norway operators keen on the commodity as cheap energy for millions of their citizens or as lynchpin of a new chemicals industry are pressing ahead taking organizational hiccups in-stride.That’s the case of Polish gas player…
Energy firm Equinor has won permission to start its giant North Sea Johan Sverdrup oilfield in the autumn, the Norwegian Petroleum Directorate said on Monday.On Friday the company notified oil market participants that the 2.2-3.2 billion barrel field could begin oil shipments in October…
The mega Johan Sverdrup field in the Norwegian NOrth Sea is expected to come on stream in October this year, one month ahead of schedule, operator Equinor announced on Thursday.The Johan Sverdrup development continues to progress well through the final stages of preparation for operations…
Norway's Johan Sverdrup field could begin oil shipments in October, earlier than the scheduled November start, an Equinor spokesman said on Friday, adding that oil market participants had been notified.The startup of production at Sverdrup, the largest North Sea discovery in more than three decades…
Lundin Petroleum announced it has made an oil discovery at exploration well 16/5-8s, targeting the Goddo prospect in PL815 approximately 14 kilometers south of the Edvard Grieg field in the Norwegian North Sea.Lundin Norway is the operator of PL815 with a 60% working interest…
Thirty-three oil companies submitted bids for exploration blocks offshore Norway in a so-called predefined areas (APA) licensing round, the Ministry of Oil and Energy said on Wednesday.This year's round comprised 48 blocks in the Arctic Barents Sea…
An integrated contract model combining the supply of subsea production systems (SPS) with the design and installation of subsea umbilical, risers and flowlines (SURF) has emerged as a top project-getter for services company TechnipFMC.The London-headquartered company…
Norway’s government will earn around NOK 265 billion ($30 billion) taxing and taking up stakes in its oil and gas fields in 2019, and Norwegian production is on the rise. In contrast, Britain in 2019 will earn about GBP 1.1 billion ($1.34 billion)…
Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield.Equinor agreed to sell about 54.5 million Lundin shares at a price of 266…
Remote communication and IT solutions provider Speedcast said it has been awarded a new multi-year contract from offshore drilling contractor Seadrill to provide communications on the West Bollsta semi-submersible rig, off the coast of Norway…
Aker BP has made a small gas find in the the North Sea, the Norwegian Petroleum Directorate announced this week. The Norwegian oil and gas company drilled a wildcat and appraisal well in production licence 869, about 6 kilometers southwest of the Bøyla field…
The Norwegian Ministry of Petroleum and Energy has granted final approval for the plan for development and operation (PDO) for the Solveig field, operator Lundin Petroleum announced on Wednesday.The Solveig field is the first tieback development…
Equinor and partners Lundin and Spirit Energy have made a small oil discovery in production licence 167 at the Utsira High in the central part of the North Sea.The Lille Prinsen Outer Wedge appraisal well is located about 1 kilometer west of Lille Prinsen Main…
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