Equinor Energy and Vår Energi have reached a critical milestone in the development of the Johan Castberg oil field, as they confirm the successful anchoring of the floating production, storage, and offloading (FPSO) vessel in the Barents Sea. This FPSO, designed to manage oil extraction from the Johan Castberg field, is now ready for the […]
Equinor, in collaboration with Vår Energi, will establish a new, extensive emergency preparedness system for the southwestern Barents Sea, enhancing safety and response capabilities in this challenging maritime region. Set to become operational on January 1, 2025, this area-wide system will strengthen existing emergency response measures by integrating new resources and expertise. Grete B. Haaland, […]
Aker BP, along with its partners, has made headlines with the discovery of a significant gas deposit in wildcat well 7324/8-4 (Hassel) located in the Barents Sea, roughly 300 kilometers off the northern coast of Norway. This discovery is situated within production licence 1170, a territory awarded during the APA 2021 rounds. This marks the […]
PGNiG Upstream Norway, part of the ORLEN Group, has announced a major advancement in its emerging business line focused on industrial CO2 emissions management. The company has acquired a 50% interest in the CO2 exploration licence Polaris in the Barents Sea, partnering with Horisont Energi AS. This transaction is pivotal in advancing the Group’s capabilities […]
Equinor Energy has started production from phase 1 of the Askeladd gas and condensate field in the Barents Sea, thereby increasing plateau production from the Hammerfest LNG plant on Melkøya Island, Norway, for about three years. Delivered on schedule, the development of the Askeladd field phase 1 eventually cost NOK 650 million ($67 million) less […]
The Petroleum Safety Authority Norway (PSA Norway) said that it has granted consent to Norwegian oil and gas giant Equinor Energy to spud an exploration well in Production licence 532 (PL 532) in the Barents Sea. Equinor will use the Transocean Enabler drilling rig to drill the 7220/8-2 exploration well in the Snøfonn Nord prospect […]
Wisting oil field Norway : Equinor has awarded contracts for concept studies to advance the project development of the Wisting field in the Barents Sea in Norway towards a final concept select decision. Aker Solutions, KBR, Sevan SSP, and Aibel have been awarded contracts for concept studies pertaining to the floating production storage and offloading […]
Norwegian engineering company Kvaerner has bagged a contract of around NOK 3.8 billion ($ 481 million) related to the Johan Castberg project in offshore Norway from Statoil. Under the contract, Kvaerner will construct and install the topside structure for the floating production, storage and offloading vessel (FPSO) of the offshore oil and gas project located […]
Oil and gas news : Norwegian energy company Statoil and its partners will use the West Hercules drilling rig for Barents Sea exploration following a contract awarded to North Atlantic Norway to use its semi-submersible rig for the drilling of two exploration wells this year. The contract estimated to be $15-20 million for the drilling […]