NEWS

As OPEC+ Cuts Deeper, Norway’s Giant New Field Pumps Flat Out

Category: Business News

As OPEC and its allies make their deepest cuts yet to crude production, Norway’s giant Johan Sverdrup oil field is exporting more than ever before. Crude loadings from the field are set at a record 4.4 million barrels, or 465,000 barrels a day, in August, according to a loading program seen by Bloomberg. That’s compared with 429,000 […]

Source: Bloomberg

Published: May 18, 2024

World Oil: TechnipFMC lands three subsea construction projects offshore Norway

Category: Business News

Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS). The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a […]

Source: World Oil

Published: June 2, 2020

Bloomberg: Norway to Rein In Wind Power After Raging Opposition From Locals

Category: Business News

Norway is set to tighten rules for building wind turbines, caving in to massive protests from locals. A government proposal on Friday to slow down the development of onshore wind power comes after increasing local resistance mirrors sentiment in other European countries. Norway already decided to scrap a plan for a new permission framework last year. Norway, […]

Source: Bloomberg

JPT: Equinor Subsea Shuttle Concept Brings CO2 to Subsea Reservoirs

Category: Business News

CO2 sequestration today is almost exclusively an onshore operation, involving networks of pipelines, compressors, and teams of personnel to oversee it all. In a newly released video, Equinor has proposed another idea: a fleet of electrically-powered submarines that will carry CO2 to subsea injection sites autonomously. Each of these “subsea shuttles” would be 135 m (443 ft) long, […]

Source: JPT

World Oil: Neodrill and Baker Hughes complete industry’s first cut and recover operation in the Norwegian Sea

Category: Business News

STAVANGER – Neodrill and Baker Hughes announced completion of the world’s first cut and recover operation for Wintershall Dea Norge in the Norwegian Sea. Rig time was reduced by an estimated 12 hours, with work to cut the surface casing moved off the critical path of the rig schedule. The project enabled the rig to […]

Source: World Oil

Published: June 1, 2020