(Equinor, 17.Jun.2022) — Equinor and its partners Petoro, TotalEnergies, Shell and ConocoPhillips in the Troll and Oseberg fields, have initiated a study and are looking into possible options for building a floating offshore wind farm in the Troll area some 65 kilometres west of Bergen, Norway. With an installed capacity […]
Category: Norway
Norway
Aker Solutions and Aker BP Secure New, Future-Oriented Offices in Stavanger
(Aker Solutions, 14.Jun.2022) — Aker BP and Aker Solutions signed a long-term agreement with owner and real estate developer Hinna Park Utvikling (HPU) for modern and energy-efficient office buildings in Stavanger from 2024/2025. The new office complex will be located seaside near the leaning tower in JÃ¥ttÃ¥vÃ¥gen. The total construction […]
Norway’s Equinor reveals start of production at Hammerfest LNG
OSLO, NORWAY (By Equinor, 2.Jun.2022, Words: 569) — After extensive repairs and improvement work, Hammerfest LNG is back in production after the fire in September 2020. The first liquified natural gas (LNG) is now on tank at Melkøya. “With the start-up of Hammerfest LNG, we add further volume to the […]
PSA Announces Private Placement of New Shares
(PSA, 31.May.2022) — Petroleum Geo-Services (PGS) ASA announced on a successfully placed private placement of 216,216,216 new shares in the company, raising gross proceeds of approximately NOK 800mn. The private placement consisted of one tranche of 74,200,000 new shares and a second tranche of 142,016,216 new shares, allocated among applicants […]
Gas and Condensate Finds to be Developed in the Norwegian Sea
(Equinor, 25.May.2022) — Equinor and Halten East partners VÃ¥r Energi, Spirit Energy and Petoro have decided to invest about NOK 9bn in the development of the area neighboring to the Ã…sgard field in the Norwegian Sea. The area consists of six gas and condensate discoveries and option on another three […]
Equinor Reveals New Oil Find Close to Barents Sea Johan Castberg Field
(Equinor, 25.May.2022) — Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg field in the Barents Sea. The well was drilled five kilometres south-southeast of discovery well 7220/8-1, which is in the Johan Castberg field, and 210 kilometres northwest of Hammerfest. […]
Equinor Exits all JVs in Russia
(Equinor, 25.May.2022) — On 27 February 2022, Equinor decided to start the process of exiting the company’s joint ventures in Russia. Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of $1.08bn on the balance sheet as […]
Maersk Drilling Awarded Additional Three-well Contract with Aker BP
(Maersk Drilling, 2.May.2022) — Maersk Drilling secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of […]
Maersk Drilling Awarded One-well Extension in the Dutch North Sea
(Maersk Drilling, 29.Apr.2022) — ONE-Dyas B.V. exercised an option to continue employing the harsh environment jack-up Maersk Resolute in the Dutch sector of the North Sea. The one-well contract extension is expected to commence in May 2022, in direct continuation of the rig’s current work scope, with an estimated duration of […]
Aker Horizons ASA: 1Q:22 Results
(Aker Horizons, 29.Apr.2022) — Aker Horizons ASA (OSE: “AKH”), a developer of green industrial projects and technologies that accelerate the net zero transition, today announced its financial results for the three months ended 31 March 2022. The company’s Net Asset Value (“NAV”) rose to NOK 17.0bn in the first quarter of 2022 from NOK […]
FACT SHEET: Aker Clean Hydrogen’s Portfolio of Industrial Clean Hydrogen Projects
(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen has a portfolio of industrial clean hydrogen projects and prospects has a total capacity of 1.8 GW under development, and an additional pipeline and opportunities of 6.8 GW. Project Highlights: BerlevÃ¥g – Norway Green ammonia production to provide shipping industry and off-grid […]
Aker Clean Hydrogen: 1Q:22 Results
(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen published the results for the first quarter of 2022, during which the company advanced the maturing of its clean hydrogen projects in Norway and internationally. Key developments included: Announcing a merger plan with Aker Horizons to strengthen the integration of hydrogen production with downstream […]
Aker and Statkraft to explore green hydrogen and ammonia in India and Brazil
(Aker Horizons, 26.Apr.2022, Words: 617) — Aker Horizons, through its portfolio company Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertilizer industries. The collaboration brings together Aker Clean Hydrogen, a global integrated hydrogen, ammonia […]
Aker Horizons Enters JV with Nordkraft to Develop Sites for Power-Intensive Industries
(Aker Horizons, 24.Apr.2022) — Aker Horizons ASA (OSE: “AKH”), through its wholly-owned subsidiary Aker Narvik AS, announced the agreement to establish a joint venture with Nordkraft AS to develop sites for power intensive-industries in Northern Norway. The venture is part of Aker Horizons’ project to establish a green industrial hub […]
NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister MartÃn Guzmán meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]
Borr Drilling on New Contracts and Extensions for Jack-up Drilling Rigs
(Borr Drilling, 4.Apr.2022) — Borr Drilling Limited (NYSE and OSE: “BORR”) has been awarded new contracts and extensions for 5 of its premium jack-up drilling rigs. These awards increase the company’s backlog by approximately 2,530 days, excluding optional periods. The premium jack-up drilling rig “Gunnlod” has secured a contract with […]
Noble Corp. and Maersk Drilling Name Management Team for Combined Co.
(Noble Corp., 18.Mar.2022) — Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (Maersk Drilling) announced the executive management team to be effective after the closing of the business combination announced on 10 November 2021. The combined company will have a proven management team led by […]
MPC Energy Solutions Releases 2021 Preliminary Unaudited Financials
(MPC Energy, 3.Mar.2022) — “2021 was an eventful year for MPC Energy Solutions. We made significant progress and expanded our broad portfolio of renewable energy assets in Latin America and the Caribbean. And now, in Q1 2022, we are reaching another important milestone, as our first projects become operational and start generating revenue,” […]
Capella Provides Update on Drilling at the Kjøli Copper Project, Norway
(Capella Minerals, 22.Feb.2022) — Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) has received approval from the Norwegian Directorate of Mining for the company’s maiden diamond drill program at its 100%-owned Kjøli copper-zinc-cobalt (“Cu-Zn-Co”) massive sulfide (“VMS”) project in central Norway. Permits have been granted for up to 4,000m of diamond drilling in 25 […]
Equinor, Battelle to Explore Appalachian Basin CCS Potential
(Equinor, 1.Feb.2022) — Equinor has signed a memorandum of understanding (MOU) with leading science and technology firm Battelle to advance development of a decarbonized regional energy cluster in the tri-state region of Ohio, Pennsylvania, and West Virginia. “Our regional hub vision will meet tomorrow’s energy demands while maintaining America’s industrial […]
Wintershall Dea Awarded Seven New Licences in APA 2021 Round in Norway
(Wintershall Dea, 18.Jan.2022) — Wintershall Dea has been awarded seven exploration licenses in the annual Awards in Predefined Areas (APA) round in Norway, including four as operator. The new awards strengthen Europe’s leading independent gas and oil company’s position on the Norwegian Continental Shelf. “We value the stable APA licensing […]
Equinor Reports New Find Close to North Sea Fram Field
(Equinor, 7.Jan.2022) — Equinor has, together with its partner Wellesley, discovered oil in the Troll and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect. Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic metres of recoverable oil equivalent, or […]
Equinor Boost Ownership In The Statfjord Field
(Equinor, 8.Dec.2021) — Equinor entered into an agreement to acquire all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian and UK Continental Shelves and are developed by three integrated production platforms (Statfjord A, B, C). All licenses are operated by Equinor. Both parties agreed […]
Equinor Invests In Battery Storage
(Equinor, 6.Dec.2021) — Equinor signed an agreement with Noriker Power Limited, a leading battery storage developer in the United Kingdom focusing on the engineering and project development of utility scale storage and stability services. The agreement includes the acquisition of a 45% stake in Noriker, with an option to acquire […]
Wellesley In Asset Swap With Equinor
(Wellesley Petroleum, 26.Jul.2021) — Wellesley Petroleum AS and Equinor Energy AS signed a Sale and Purchase Agreement covering several development assets on the Norwegian Continental Shelf. The transaction is as follows: Equinor to acquire a 40% participating interest in licences PL090 JS, PL248 I and PL925, containing the Grosbeak and KallÃ¥sen discoveries. […]
The Kjøli Copper Project Exploration Details
(Capella Minerals, 28.Jun.2021) — Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) provided the following update on ongoing exploration activities at its 100%-owned Kjøli high-grade copper project in central Norway. Field activities are currently focused on the definition of specific drill locations within the 14 CARDS AI targets identified along strike […]
Equinor Offered Production Licences In 25th Licensing Round
(Equinor, 23.Jun.2021) — The Ministry of Petroleum and Energy has offered Equinor two operated production licences in the 25th licensing round in the Barents Sea. “We are pleased with the award. A steady access to acreage contributes positively to the development of the Norwegian Continental Shelf. This award brings opportunities […]
Life Of Heimdal Gas Centre Extended To 2023, Equinor Says
(Equinor, 17.Jun.2021) — New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The Heimdal partners have now decided to extend operations at Heimdal to 2023. Since start-up in 1985 Heimdal has produced 46 billion standard cubic metres of gas and 7 million cubic […]
Presenting Strategy To Accelerate Equinor’s Transition
(Equinor, 15.Jun.2021) — Equinor ASA (OSE:EQNR, NYSE:EQNR) presents its strategy to accelerate the company’s transition while growing cash flow and returns. Key highlights from the strategy update: Accelerating the transition and setting an ambition to reach a 40% reduction in net carbon intensity by 2035, on the way towards net zero by […]
MPC Energy Provides 1Q:21 Update
(MPC Energy Solutions, 31.May.2021) — MPC Energy Solutions N.V., Amsterdam, gives an update on the Q1 2021 figures. The company only commenced its full operations in early 2021. The result and the balance sheet for the first quarter therefore do not yet allow any conclusions to be drawn about the […]