Norwegian state-owned multinational energy company Equinor along with Aker BP will invest approximately NOK 46 billion ($4.65 billion) to develop and operate the Krafla oil and gas field in the North Sea, which was proven in 2011. To this effect, the companies have submitted a plan for development and operation (PDO) of the Krafla oil […]
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 […]
Solstad Offshore, a Norwegian offshore service and supply ship shipping company, has won five-year contracts from Equinor UK for its Normand Naley and Sea Frost platform supply vessels (PSVs). The two contracts will have tenures of five years each from January 2023 and come with options for further extensions, said Solstad Offshore. According to Solstad […]
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. […]
Peregrino phase 2 project : Oil and gas company Equinor has started oil production from the phase 2 development of the Peregrino oil field in the Campos Basin, offshore Brazil. Originally scheduled to commence production in 2020, Peregrino phase 2 development faced delay following the outbreak of Covid-19. Equinor (formerly Statoil) submitted the plan of […]
French company Nexans has secured a final order to supply power export cables for the first phase of the 2.1GW Empire Wind offshore project in the US. The contract has been awarded by a joint venture of Equinor and BP. The Empire Wind project phase I lease area is located about 33km south of Long […]
Equinor has taken a final investment decision (FID) to construct the 25MW / 50MWh Blandford Road battery storage project in Dorset, the first commercial battery storage project of the Norwegian oil and gas company in the UK. To be realized in partnership with flexible electricity generation developer Noriker Power, the Blandford Road project will be […]
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 […]
Valaris Limited said that Equinor has issued a termination notice for the drilling contract awarded to the VALARIS DS-11 drillship. The US-based offshore drilling contractor said that the termination will become effective at the end of this month. Valaris said that as of 2 May 2022, its total contract backlog of $2.5 billion included nearly […]