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Ærfugl project phase 2 : Aker Solutions bags contract for subsea production system

Ærfugl project phase 2 : Aker Solutions bags contract for subsea production system

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 wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

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 […]

Aker Solutions to bag inspection services contract for Equinor’s Norwegian facilities

Aker Solutions to bag inspection services contract for Equinor’s Norwegian facilities

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 […]

Ærfugl project : Aker BP and partners to proceed with phase 2 development

Ærfugl project : Aker BP and partners to proceed with phase 2 development

Aker BP and its partners will move ahead with the second phase of the NOK 8 billion ($880 million) Ærfugl project (formerly Snadd field development) in the Norwegian Sea, three years ahead of the original start-up plan of 2023. The Ærfugl field is located in the northern part of the Norwegian Sea, just west of […]

Equinor reports Echino South oil and gas discovery near Fram field

Equinor reports Echino South oil and gas discovery near Fram field

Echino South oil and gas discovery : Equinor and its partners, through the drilling of the 35/11-23 exploration well at the Echino South prospect have pulled off an oil and gas discovery near the producing Fram field operated by the company in the northern part of the North Sea, offshore Norway. The Norwegian oil and […]

Equinor bags WA-542-P exploration permit in Carnarvon Basin, Australia

Equinor bags WA-542-P exploration permit in Carnarvon Basin, Australia

Equinor has been granted a new exploration permit – WA-542-P in the Northern Carnarvon Basin offshore Western Australia by the National Offshore Petroleum Titles Administration (NOPTA) for an initial period of six years. The Norwegian oil and gas giant holds 100% ownership in the permit located in Australia’s northwest shelf. Located west of the recently […]

Johan Sverdrup project in North Sea begins production

Johan Sverdrup project in North Sea begins production

Johan Sverdrup phase 1 : The first phase of the NOK 124 billion ($13.6 billion) Johan Sverdrup project in the Norwegian North Sea has produced its first oil, said operator Equinor and its partners. Equinor, which is partnered by Lundin Petroleum, Petoro, Aker BP, and Total E&P Norge, expects to draw 440,000 barrels of oil […]

Saipem wins wireless subsea drone contract for Njord oil field from Equinor

Saipem wins wireless subsea drone contract for Njord oil field from Equinor

Saipem has bagged a subsea service contract from Equinor for deploying a wireless underwater intervention drone and a remotely operated underwater vehicle (ROV) at the Njord oil field in the Norwegian Sea. The Njord oil field, which was in production from 1997 to 2016, is slated to resume production next year and will use the […]

Chevron sanctions waterflood oil recovery project in St Malo oil field

Chevron sanctions waterflood oil recovery project in St Malo oil field

Chevron and its partners have agreed to move ahead with a waterflood oil recovery project in the St Malo oil field in the US Gulf of Mexico. The St Malo oil field, which is located about 280 miles south of New Orleans in Louisiana, has an estimated production life of another 30 years. The waterflood […]