Subsea 7 to Slash Workforce, Cull Fleet
or stacking of owned vessels," it said in a statement. "It is intended that the reshaping of the fleet will be phased over the coming 12 months, commensurate with the projected global workload as well as continued effective execution of projects," Subsea 7 said. Reporting by Balazs Korany
Cost Blowouts on Norway's New Oil Developments
the new price tag sees at 22.6 billion crowns, the ministry said. Statoil's Aasgard development, the world's first subsea gas compression projects, however, will cost 8 percent more than originally projected. (1 US dollar = 6.4748 Norwegian kroner) (Reporting by Gwladys Fouche, writing by Balazs Koranyi; editing by Susan Thomas
Statoil Makes Large Barents Sea Gas Find
Norwegian oil and gas firm Statoil has found between 5 billion and 20 billion cubic metres of recoverable gas in the Arctic Barents Sea, near its Johan Castberg find, the Norwegian Petroleum Directorate said on Friday. Statoil owns 40 percent of the licence while RN Nordic Oil, North Energy and Edison each hold 20 percent. By Balazs Koranyi
Statoil Halts Aasgard A Production Due to Bad Weather
Norwegian oil and gas firm Statoil shut production at its Aasgard A field in the Norwegian Sea due to bad weather and expects production to resume on Sunday, spokesman Morten Eek said on Thursday. Statoil, which is temporarily moving 310 people from various platforms, will also remove some personnel from the Statfjord and Norne fields but does not expect an impact on production there, Eek added. Aasgard A production is handled by a floating production, storage, and offloading (FPSO) vessel. (Reporting by Balazs Koranyi)
Offshore Oil Drilling Market to Suffer through 2015
and South East Asia were the others. "We definitely need to increase our capacity," he added. "We need to increase our jack up capacity to about 70 from 60 during the next couple of years to keep the level of activity." (By Gwladys Fouche and Joachim Dagenborg, Writing by Balazs Koranyi; Editing by Mark Potter
Environmental Challenge Halts Statoil Arctic Oil Well
Statoil completed the well on the Apollo prospect in the Barents Sea without any incident. Partners in the Pingvin licence include Statoil (40 percent), RN Nordic Oil (20 percent), Edison (20 percent) and North (20 percent). Statoil could not immediately be reached for comment. (Reporting by Balazs Koranyi. Editing by Jane Merriman
Seadrill Wins $497m Exxon Contract in Nigeria
Seadrill, the world's biggest offshore driller by market capitalisation, won a two-year $497 million contract from ExxonMobil for one of its newly built rigs, the firm said on Friday. The deal, which also includes a one-year option, is for work in Nigeria, in support of the ERHA North Phase 2 project, the firm said. The rig, under construction by Samsung Heavy Industries , will be delivered in September. (Reporting by Balazs Koranyi, editing by Terje Solsvik)
Aker Solutions Wins 5-year Statoil Contract
Norway's Aker Solutions has won a five-year contract from Statoil for maintenance and modification services at the heavy oil Mariner field in the British section of the North Sea, Aker Solutions said on Friday. The value of the contract was not disclosed. The contract has an extension option of up to four years. (Reporting by Gwladys Fouche; editing by Balazs Koranyi)
Norway PM: Politics Will Not Delay Statoil's Sverdrup Field
. "You can never guarantee things like that. But I think it's possible and it's going to be a strong whish from the government that we manage that." Sverdrup shareholders include Statoil, Lundin Petroleum , Det norske and Maersk. ($1 = 5.9685 Norwegian Krones) (By Terje Solsvik and Balazs Koranyi; Editing by Pravin Char
February 2024
