NEWS

World Oil: Wood awarded EPCI contract by Equinor in Norway

Category: Business News

HOUSTON – Wood has secured a new $13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project. Effective immediately, Wood will provide topside modifications to enable the tie-in of subsea equipment to offshore platforms Snorre A and Snorre B, which process […]

Source: Wood Oil

Reuters: Five companies, including Equinor, bid to supply New York with offshore wind power

Category: Business News

Five companies, including Norway’s Equinor, Denmark’s Orsted and France’s EDF have submitted bids to supply offshore wind power to the New York state, the companies said on Thursday. New York state closed bidding on.ny.gov/2E54m5q on Thursday to provide 800-megawatts of offshore wind energy, a part of a plan develop up to 2,400 megawatts (MW) of offshore wind […]

Source: Reuters

Published: February 1, 2019

World Oil: Equinor increases 2018 earnings, eyes offshore U.S.

Category: Business News

STAVANGER — “Strong operational performance and high production gave solid results and cash flow in a quarter with significant market volatility. We delivered growing returns for the full year and expect continued earnings growth. Following strong improvements in recent years, the board proposes an increase in quarterly dividend of 13% to $0.26 per share,” says […]

Source: World Oil

Published: February 10, 2019

World Oil: CGG, TGS to conduct Greater Castburg survey

Category: Business News

PARIS, France — CGG and TGS announce the Greater Castberg TopSeis survey in the Barents Sea. The survey is 5,000 km2, and will be acquired and processed with the latest developments of CGG’s TopSeis acquisition and imaging technology. The survey will include the highly prospective Castberg area, and cover existing and newly awarded licenses in addition […]

Source: World Oil

Published: February 11, 2019

Bloomberg: The Curious Case of Norway’s 60 Million Barrels of Missing Oil

Category: Business News

Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises. During the worst downturn in a generation, from 2014 to 2016, companies would regularly exceed official forecasts as oil production rose in defiance of falling prices. More recently, with crude surging […]

Source: Bloomberg

Published: March 2, 2019