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Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s vision of establishing a new major oil province off its northern tip has suffered another blow. The study found Norway ranks as the 6th most expensive country to buy a tall latte. Norway’s consulting market was expected to cross the €1 billion mark. Norway Prime Minister Erna Solberg believes Norwegian women have been strengthened...

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Equinor to extend Statfjord field life with 100 new wells

Equinor to extend Statfjord field life with 100 new wells

Equinor and its partners in Norway’s Statfjord area have identified and approved plans to extend production from the field towards 2040. Equinor has acquired 6,500,000 shares in Scatec Solar, corresponding to 5.2 percent of the shares. A new business plan will ensure even higher use of resources, extract more value from the field. The shares...

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

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. New York State governor Andrew M. Cuomo announced Equinor’s Empire Wind. Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data. The well is being drilled...

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Equinor retreats from frontier exploration in Norway’s Arctic

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. Equinor has signed an agreement to divest to Repsol its 63% interest in. Equinor reports adjusted earnings of USD 2.59 billion and USD 1.08 billion after...

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New DNV GL recommended practice on subsea welding removes uncertainty, improves quality

New DNV GL recommended practice on subsea welding removes uncertainty, improves quality

A new recommended practice (RP) to standardize operator requirements for welding and inspection of subsea equipment. The Universal Smart Energy Framework (USEF), co-developed by DNV GL. DNV GL has presented Samsung Heavy Industries Co., Ltd. (SHI) with an Approval in Principle (AIP) for the Cyber Secure. Northern Drilling’s West Mira is the first rig in...

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ABB proves long-distance subsea power system for deep, remote ocean environments

ABB proves long-distance subsea power system for deep, remote ocean environments

ABB’s pioneering subsea power distribution and conversion technology system has proven commercially viable. Southwest China is embarking on large grid development projects to send clean power to the country’s load centers in the South. ABB attends China International Import Expo 2018 and signs a number of cooperation agreements. According to the company, bringing potential for...

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DNV GL issues efficiency-minded recommended practices for subsea pumping systems

DNV GL issues efficiency-minded recommended practices for subsea pumping systems

A new DNV GL recommended practice has unlocked new opportunities for the oil and gas sector to deliver more cost-efficient. 43% of respondents put digitalization as a core part of their business strategy. Technical expertise helps fast-track Taiwan’s implementation of new offshore wind farms. It environmentally friendly subsea processing for improved hydrocarbons recovery. Singapore’s Maritime...

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Norwegian oil crews stigmatized in the “climate change” era

Norwegian oil crews stigmatized in the “climate change” era

Ole Lie, a drilling supervisor who’s worked for Norway’s oil giant Equinor ASA since the 1990s. The Norwegian offshore survey company EMGS has signed an $8 million multi-client contract. The feeling unloved as many are starting to turn their backs on an industry. Norwegian oil and gas giant Equinor slipped to a net loss in...

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Reveal Energy Services validates more than 10,000 hydraulic fracturing stages

Reveal Energy Services validates more than 10,000 hydraulic fracturing stages

Reveal Energy Services announced the company has validated more than 10,000 hydraulic fracturing stages in the US. Company announced the commercialization of the DSCVRiSM cloud-based completion evaluation engine. Company also announced the commercialization of the FracEYE(SM) frac hit analysis service. Two patents that protect the science underlying IMAGE Frac technology licensed exclusively. company is enhancing...

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Noia fall seminar points to bright future for Canadian offshore exploration

Noia fall seminar points to bright future for Canadian offshore exploration

The Newfoundland and Labrador Oil & Gas Industries Association (Noia) hosted its annual Fall Seminar. Noia has released an independent economic impact report. The focus for this year was advancing the offshore industry through exploration drilling activities. Noia is pleased to inform its members, the oil & gas industry, and the public that nominations are...

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