Tag Archives: Equinor

MAREX: Norwegian Spill Response Firms Take Aim at Ocean Plastic

A consortium of Norwegian researchers and environmental response companies plans to use oil spill response technology to clean up ocean plastic and other marine waste. The group, which calls itself “Clean Oceans,” has been designated an “Arena cluster project” by the Norwegian government’s R&D agency, Innovation Norway. 

The consortium will apply Norwegian oil spill prevention and response technology to help solve the challenges of plastic and other marine waste in oceans and waterways. It has its roots in the Norwegian Oil Spill Control Association (NOSCA), the professional forum for Norwegian oil spill prevention and response companies. Well-known members include Sintef, Framo, Kongsberg Satellite, the Norwegian Coastal Administration and Equinor, among many others.

Read entire article HERE.

World Oil: Equinor hopes for a dry well near Troll, for potential CO₂ storage

OSLO – For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas.

The well is being drilled south of the Troll field in the North Sea, and the objective is to investigate whether the reservoir in the deep Johansen Formation is suitable for storage of carbon dioxide (CO₂).

The Northern Lights project, consisting of Equinor, Shell and Total, is drilling wildcat well 31/5-7 Eos. The West Hercules rig is responsible for the operation.

This will be the first well to be drilled in exploitation license 001, and the objective of the well is to prove sandstone and the storage potential for CO₂ in the Cook and Johansen geological formations. The companies also want to examine the sealing properties of the overlying Dunlin shale.

Read entire article HERE.

Hellenic Shipping News: Best Year For Discoveries On NCS Since 2014

Commenting on Equinor’s oil and gas discovery near the Fram field in the Norwegian North Sea, announced on 6 November 2019, senior analyst Palzor Shenga at Rystad Energy said:

“After a string of recent discoveries, 2019 is shaping up to be the most successful exploration year since 2014 on the Norwegian Continental Shelf (NCS).”

Conventional discovered resources Norway 2014 2019 million barrels of oil equivalent Rystad Energy ECube November 2019

Read entire article HERE.

Equinor: Oil and gas discovery in the North Sea

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic metres of oil equivalent, corresponding to 38-100 million barrels of oil equivalent.

“We are making one of this year’s biggest discoveries in the most mature area of the Norwegian continental shelf (NCS), not far from the Troll field. This demonstrates the opportunities that still exist for value creation and revenue from this industry,” says Nick Ashton, Equinor’s senior vice president for exploration in Norway and the UK.

Adding considerably to the resources in this part of the North Sea, the discovery will probably be tied back to existing infrastructure. Further knowledge of the area and new data investments have increased our confidence in the exploration opportunities in this part of the northern North Sea.

Read entire article HERE.

Bloomberg: Norwegian Workers Lash Out Against Oil Shame

Ole Lie, a drilling supervisor who’s worked for Norway’s oil giant Equinor ASA since the 1990s, is feeling unloved as many are starting to turn their backs on an industry that’s made the Nordic country one of the richest on Earth.

“I feel stabbed in the back,” said Lie, 54, who works on the Gullfaks C platform in the North Sea. “Politicians are very fond of re-distributing the money we make, but not of providing the support needed to keep the industry alive.”

Western Europe’s biggest petroleum producer has a complicated relationship with oil amid growing concern over its impact on the global climate. Oil was discovered in the North Sea in the 1960s and has made Norwegians rich, but that fairy tale is now losing sway as a growing number of politicians and environmental groups are calling for a shut down of production with as much half of the estimated resources still in the ground.

Read entire article HERE.

DN: Slik kapret Equinor en stor vindkraftseier i New York – alt skal bygges lokalt

Fra taket av One World Trade Center lengst sør på Manhattan ser man store deler av havneområdet i New York på alle kanter. Store båter på Hudson River og East River blir som små leketøy mer enn 500 meter lenger nede. Christer af Geijerstam – leder for Equinors havvindsatsing i USA – gestikulerer ivrig.

– Om noen år seiler vi nedover Hudson River cirka hver femte dag med store fundamenter, sier han.

Lasten han snakker om, er 30 meter høye betongkolosser som skal bygges på elven nord i staten New York – ved Albany – og fraktes til millionbyen. Her i havnen skal betongsøylen reises på høykant og et 20 meter høyt understell i stål kobles på. Så skal det fraktes ut på havet. Vindmøllene blir rundt 100 meter høye når de er ferdige.

Lese hele saken HER.

Bloomberg: Record-Large Floating Wind Farm Set for Norway

Equinor ASA made a final decision to invest in floating wind turbines to power offshore oil platforms off Norway after the government agreed to subsidize a large part of the cost.

Hywind Tampen will cost a total of almost 5 billion kroner ($550 million), it said in a statement on Friday. That’s in line with the state-controlled company’s earlier estimate.

Read entire article HERE.

Bloomberg: Norway Oil Coffers About to Get Giant Boost From the North Sea

Equinor ASA has started its Johan Sverdrup oil field, a rare mega-project in the North Sea that’s been a boon for Norway’s offshore industry and now promises to deliver a huge production boost for the country.

Discovered in 2010 in an area that had been disregarded by most explorers, the site started production on Saturday and is set to reach 440,000 barrels a day by next summer. That represents a 33% addition to Norway’s production in the first half of this year, a spike in output not seen since the 1980s.

Read entire article HERE.

DN: Equinor når fornybarmålet raskere enn 2030

Equinor ventet at 15–20 prosent av investeringene skulle gå til fornybar energi i 2030. Konsernsjef Eldar Sætre bekrefter nå at de ligger foran skjema.

– Vi har hele tiden sagt at forutsetningen for økte investeringer i fornybar energi er tilgang til lønnsomme prosjekter. Vi har nå vunnet muligheten til å utvikle Dogger Bank og Empire Wind, som er i verdensklasse. Det gjør at vi kan bygge opp våre aktiviteter noe raskere enn planlagt, sier Eldar Sætre.

Sist uke var han blant annet i New York sammen med statsminister Erna Solberg (H) på en båttur på vei mot havstykket utenfor Long Island der selskapet skal investere tre milliarder dollar. Fredagen før vant Equinor kontrakten for Doggerbank i den britiske delen Nordsjøen til det som blir verdens største havvindutbygging.

– Nå ser dere hvorfor vi skiftet navn fra Statoil til Equinor, sa Eldar Sætre med Frihetsgudinnen bak seg.

Les hele saken HER.

Bloomberg: Big Oil CEOs Talk Climate Change, Methane and Why They Need Gas

One of the opening events of Climate Week in New York offered a rare sight — nine bosses of some of the world’s largest oil and gas companies in one room.

The occasion was the Oil and Gas Climate Initiative, an industry-supported organization whose members set targets to reduce methane emissions and gas flaring. Present Monday were the chief executive officers of companies including BP Plc, Chevron Corp., Exxon Mobil Corp., Royal Dutch Shell Plc and Total SA. They took questions from reporters and activists.

Read entire article HERE.