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 […]
Orlen Group, through its subsidiary PGNiG Upstream Norway, has finalized an agreement to acquire a 20% stake in the Atlantis discovery located in the Norwegian North Sea. The specific financial details of the transaction remain undisclosed, marking a strategic expansion for the Poland-based energy conglomerate. The Atlantis discovery, first identified by Equinor Energy in July […]
In a notable development in the oil and gas sector, Equinor Energy AS has announced the discovery of oil in exploration well 30/12-3 S located in the North Sea, approximately 40 kilometres south of Oseberg and 150 kilometres west of Bergen. The discovery, executed by the Deepsea Stavanger drilling rig, marks a significant milestone for […]
Equinor has officially announced the start of production for the Statfjord Øst expansion project, located on the Norwegian continental shelf (NCS). The project is six months ahead of schedule and is expected to increase production by a remarkable 26 million barrels of oil equivalents from the Statfjord Øst field. Despite market challenges like inflation and […]
Aker BP has received approval for the Utsira High Project from the Norwegian Ministry of Petroleum and Energy (MPE), which entails an investment of NOK 16 billion ($1.5 billion). The Utsira High Project involves the development of the Symra field and Solveig field Phase 2 in the Utsirahøyden region of the North Sea. Aker BP […]
Equinor Energy has failed to find any hydrocarbons following the drilling of wildcat well 31/2-24, located approximately 3km west of the Troll field in the Norwegian North Sea. Well 31/2-24, drilled about 115km northwest of Bergen, targeted to prove petroleum existence in Upper and Middle Jurassic reservoir rocks, specifically in the Sognefjord Formation in the […]
Equinor has brought phase 2 of the Johan Sverdrup oil field in the Utsira High region in the Norwegian North Sea on stream, marking full stretch operation of the play. On reaching plateau, the Johan Sverdrup field is said to deliver every third Norwegian oil barrel and ensure stable energy deliveries from Norway. The Johan […]
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 […]
Odfjell Drilling said that Equinor Energy has exercised its priced options for the Deepsea Atlantic rig for drilling five more wells on the Johan Sverdrup phase 2 project under the contract signed by the firms in November 2020. According to the Scottish engineering services company, the five wells are expected to take nearly 190 days. […]
Transocean has bagged a $181 million worth contract extension from Equinor Energy for its harsh environment semisubmersible Transocean Spitsbergen drilling rig in Norwegian waters. The contract extension covers the drilling of an additional nine wells and comes with a couple of one-well options, said the Switzerland-based offshore drilling contractor. According to Transocean, the extended contract […]