Equinor and its partner Royal Dutch Shell have wrapped up a joint acquisition of the 49% stake held by Schlumberger in the onshore Bandurria Sur block in the Argentine province Neuquén. Each partner paid $177.5 million for their 24.5% interest in the Argentine onshore block, which spans nearly 56,000 gross acres in the central area […]
MODEC has bagged a contract to deliver a floating production storage and offloading vessel (FPSO vessel) from Equinor Brasil Energia for the Bacalhau oil field (formerly Carcará oil field) in Brazilian waters. The Japanese offshore floating platform provider has signed a sales and purchase agreement (SPA) in this regard with the Equinor subsidiary. In December […]
Worley has bagged a front-end engineering design contract (FEED contract) from Total for the North Platte oil field development in the US Gulf of Mexico. For the contract awarded by Total E&P USA, Worley will be using its recently acquired capability for the floating production unit topside design in combination with Intecsea’s experience in designing […]
The Petroleum Safety Authority Norway has given its consent to Equinor Energy to undertake exploration drilling in block 30/2 north-west of the defunct Huldra gas and condensate field in the North Sea. Block 30/2 is located in production licence 878 where Equinor as the operator will drill pilot hole 30/2-U-1 in 142 metres water depth […]
Equinor said that the Johan Sverdrup oil field operated by it in the Norwegian North Sea has been officially inaugurated by Erna Solberg, the Prime Minister of Norway. In October 2019, Equinor and its partners Lundin Norway, Petoro, Total, and Aker BP started production from the first phase development of the Norwegian oil field. Since then, […]
Equinor and Rosneft have sanctioned the first stage of the North Komsomolskoye project, which involves the development of the conventional onshore oil and gas field in Western Siberia in Russia. The first stage of the Russian oil and gas project will see the partner aim to unlock a total estimated recoverable volumes of 250 million […]
Ærfugl project phase 2 : Aker Solutions has bagged a contract worth around NOK 700 million ($76.95 million) from Aker BP for the supply of the subsea production system for the Ærfugl project (formerly Snadd field development) in the Norwegian Sea. The subsea delivery for the Norwegian oil project includes wellheads, vertical subsea trees, control […]
Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]
Equinor has agreed to divest a 25% stake in the 385MW Arkona offshore wind farm in the German waters of the Baltic Sea for about €500 million to funds advised by Credit Suisse Energy Infrastructure Partners. The Norwegian oil and gas giant holds a 50% stake in the German offshore wind project, which was brought […]
Norwegian engineering company Aker Solutions has been selected for a contract worth NOK 1.2 billion ($131.37m) from oil and gas giant Equinor for being the main supplier for inspection services for 15 plus operating facilities in Norway. The two parties are expected to sign a frame agreement shortly, which will cover an initial period of […]