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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 […]

Subsea 7 wins contract for Shell’s Pierce Depressurisation Project

Subsea 7 wins contract for Shell’s Pierce Depressurisation Project

Subsea 7 has bagged a contract from Royal Dutch Shell for the Pierce Depressurisation Project at the Pierce Field in the North Sea, located nearly 160 miles offshore, east of Aberdeen in Scotland. The contract price is in the range of $50-150 million, said the UK-based subsea engineering, construction, and services company. Under the Pierce […]

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Norwegian oil and gas company Vår Energi has signed a $4.5 billion deal to acquire the non-operated upstream assets of ExxonMobil in the North Sea and the Norwegian Sea. The acquisition will give Vår Energi access to 20 plus producing fields offshore Norway, which including Grane, Snorre, Fram, Ormen Lange, and Statfjord among others. Put […]

Balder X project : BHGE, Ocean Installer win subsea contract from Vår Energi

Balder X project : BHGE, Ocean Installer win subsea contract from Vår Energi

GE subsidiary Baker Hughes (BHGE) and Norwegian subsea contractor Ocean Installer have won a subsea contract from Vår Energi for the Balder X project in the North Sea. The Balder X project, which calls for an investment of NOK 15 billion ($1.65 billion), involves the re-development of the Balder and Ringhorne fields located on the […]

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