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 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.
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.
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.
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.
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.
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.
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.
Norwegians were involved in building many of the skyscrapers in New York City in the old days. Now, it is time for some Norwegian construction at sea south of the city.
Equinor Empire Wind won New York State’s first offshore wind electricity contract, Gov. Andrew Cuomo announced on July 18. The award is a win for all sides. New York consumers will have access to renewable energy, and it jumpstarts the state toward its renewable energy and climate goals, among them having 9,000 megawatts of offshore wind by 2035. This will bring significant economic benefits to New York.
Read entire article HERE.
Equinor today announced the second class of global start-up companies selected to participate in the Techstars Energy Accelerator. Three Norwegian companies participate in the programme.
The ten start-up companies have been selected from hundreds of applicants across 42 countries. Through an intensive 13-week programme they will seek to accelerate their solution by tapping into a global network of experts from Equinor and Techstars as well as the partnering companies KONGSBERG and Capgemini.
Read entire press release HERE.