Point Resources News

Point Resources Extends Contract with Aker Solutions

Point Resources has executed the remaining part of the option for the maintenance and modifications contract with Aker Solutions.The EPC O&M contract between Point Resources and Aker Solutions was first signed in June 2012, covering the Jotun A, Jotun B, Balder and Ringhorne operating facilities in the North Sea. The contract extension starts at year-end and runs until June 2022.Knut Sandvik, EVP Projects at Aker Solutions, noted, "Aker Solutions has now delivered maintenance and modifications work continuously at these offshore facilities for more than 20 years.”The order will be

(Image: Equinor)

Equinor Explores Floating Wind Turbines to Power N.Sea Oilfields

Holm, head of environmental foundation Zero, told Reuters. "The move will also help industrialise offshore wind and bring costs down."The Gullfaks field is owned by Equinor, OMV and Norway's state-owned Petoro, while Snorre is held by Equinor, Petoro, ExxonMobil, Idemitsu, DEA and Point Resources.($1 = 8.4525 Norwegian crowns)($1 = 0.8744 euros)(Additional reporting by Terje Solsvik and Gwladys Fouche; Writing by Alister Doyle; Editing by Gopakumar Warrier and Kirsten Donovan

Photo courtesy of Statoil

Statoil Plans Barents Sea Exploration

obtaining approval from partners and authorities for an exploration campaign in 2017 covering between 5 and 7 wells in the Barents Sea.   During the past months Statoil has entered or increased its share in five licens es in the Norwegian part of the Barents Sea by a number of agreements with Point Resources, DEA, OMV and ConocoPhillips.   “Giving us access to new acreage, the transactions demonstrate our belief in continued exploration potential on the NCS. We have played a leading role in the Barents Sea for 40 years, and we are still a guarantee for high activity in the area,&rdquo

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