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Gråsel oil field : Aker BP and partners to invest $140m to develop Norwegian Sea discovery in 2021

Gråsel oil field : Aker BP and partners to invest $140m to develop Norwegian Sea discovery in 2021

Aker BP and its partners in the Skarv Ara in the Norwegian Sea have decided to develop the Gråsel oil field next year having approved a final investment decision. The development of the Gråsel discovery is expected to involve an investment of around NOK 1.2 billion ($140.4 million). Gråsel was discovered in 1998. Aker BP’s […]

Northern Lights CCS project gets approval from Norwegian government

Northern Lights CCS project gets approval from Norwegian government

The Norwegian government has approved the Northern Lights CCS project, a CO2 transport and storage project being taken up by Equinor and its partners on the Norwegian Continental Shelf (NCS). The Northern Lights CO2 transport and storage project also secured funding commitment from the Norwegian government. Northern Lights will enable the transport of CO2 from […]

Snorre Expansion Project : Equinor begins production from oil recovery project

Snorre Expansion Project : Equinor begins production from oil recovery project

Equinor has started production from the NOK 19 billion ($2.17 billion) Snorre Expansion Project in the Norwegian North Sea, ahead of schedule. Originally, the increased oil recovery project at the Snorre field was to come on stream in the first quarter of next year. Commenting on the commissioning of the Snorre Expansion Project, Geir Tungesvik […]

Kristin Sør project : Aker Solutions wins subsea contract from Equinor

Kristin Sør project : Aker Solutions wins subsea contract from Equinor

Aker Solutions has won a subsea contract worth around NOK 1 billion ($113.4 million) from Equinor for a subsea production system to be installed at the Kristin Sør project in the North Sea. The contract comes with options for some additional work, said Aker Solutions. According to the Norwegian engineering company, the plan is to […]

Equinor acquires 49% stake in Russian onshore oil producer KrasGeoNaC

Equinor acquires 49% stake in Russian onshore oil producer KrasGeoNaC

Equinor has completed its $550 million acquisition of a 49% stake in KrasGeoNaC (KGN) from Rosneft in a move that boosts its onshore presence in Russia. KrasGeoNaC holds a dozen conventional onshore exploration and production licenses located across Eastern Siberia. As part of the deal, Equinor said that it has redirected its remaining offshore exploration […]

Havila Shipping wins $90m contracts to provide supply vessels to Equinor

Havila Shipping wins $90m contracts to provide supply vessels to Equinor

Norwegian shipping company Havila Shipping has won three-year contracts worth around NOK 800 million ($90.7 million) for the use of two of its supply vessels by Equinor on the Norwegian continental shelf (NCS). The supply vessels involved in the deal are Havila Charisma and Havila Foresight. The contracts come with four one-year options, said Equinor. […]

Peregrino oil field : Aker Solutions bags maintenance and modifications contract

Peregrino oil field : Aker Solutions bags maintenance and modifications contract

Aker Solutions has been awarded a maintenance and modifications contract from Equinor for the Peregrino oil field in Brazilian waters. The Norwegian engineering company did not reveal the value of the contract, which is for four years and has an extension option for two years. Aker Solutions stated that it had won various subsea contracts […]

Equinor Energy secures permit from NPD for drilling PL 090 I wells

Equinor Energy secures permit from NPD for drilling PL 090 I wells

Equinor Energy has secured drilling permit for 31/2-22 S and 31/2-22 A wells in the production licence 090 I (PL 090 I) in the Norwegian North Sea from the Norwegian Petroleum Directorate (NPD). The Norwegian oil and gas company will drill the 31/2-22 S and 31/2-22 A wells using the West Hercules drilling rig, nearly […]

Snorre expansion project in North Sea set to begin production

Snorre expansion project in North Sea set to begin production

Norwegian authorities have approved Equinor and partners’ plans to begin production from the Snorre expansion project in the North Sea. In July 2018, the Norwegian Ministry of Petroleum and Energy approved the plan for development and operation (PDO) for the expansion of the Snorre field for increasing recovery from it by almost 200 million barrels […]

Wisting oil field Norway : Equinor awards contracts for concept studies

Wisting oil field Norway : Equinor awards contracts for concept studies

Wisting oil field Norway : Equinor has awarded contracts for concept studies to advance the project development of the Wisting field in the Barents Sea in Norway towards a final concept select decision. Aker Solutions, KBR, Sevan SSP, and Aibel have been awarded contracts for concept studies pertaining to the floating production storage and offloading […]

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