Statoil News

Seven Viking (Photo: Subsea 7)

Statoil Awards Contract for Subsea 7’s Seven Viking

Subsea 7 S.A. said it has received a contract from Statoil to provide subsea inspection, maintenance and repair (IMR) services on the Norwegian Continental Shelf.Subsea 7 did not specify a dollar amount for the awarded work, but said the contract is worth between $150 million and $300 million.Offshore activities will begin in January 2019 using Subsea 7’s IMR and light construction vessel Seven Viking, built at Norwegian shipyard Ulstein Verft in 2013.The contract involves the provision of a life of field support vessel Seven Viking for five years, with options for extensions. The vessel,

The cable-laying vessel NKT Victoria at the Johan Sverdrup converter station at Haugsneset near Kårstø.(Photo: Øyvind Gravås - Woldcam / Statoil)

Efficient Cable Installation Slashes Emissions at Johan Sverdrup

oil and gas fields in the world. Estimated at just 0.5 kg of CO2 per barrel, the emissions from Johan Sverdrup are about 20 times lower than the average on the Norwegian continental shelf, and 30 times lower than the international average.This makes Johan Sverdrup a key project to help deliver on Statoil’s ambition of reducing annual carbon emissions by 3 million tonnes by 2030, compared with the estimated emissions.“The world is facing considerable challenges ensuring access to enough energy while doing so in a more climate-friendly way. Here Johan Sverdrup will play an important role:

Photo: Jan Arne Wold / Woldcam

Statoil to Become Equinor, Dropping 'Oil'

Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.From Wednesday, the majority state-owned company will change its 46-year-old name to Equinor and trade on the Oslo Exchange under the new ticker EQNR.The Norwegian government, which has a 67 percent stake in the firm, has said it will back the move.The oil and gas company said the name change was a natural step after it decided last year to

Photo: Ole Jørgen Bratland / Statoil

Arctic Oil 'Undrillable' amid Global Warming -UN's Ex-climate Chief

Donald Trump, who doubts mainstream scientific findings that global warming is man-made.Many governments and companies favor Arctic drilling.Last month, Trump's administration began environmental reviews for oil and gas drilling in a section of the Arctic national Wildlife Refuge.In Norway, Statoil and other companies plan to keep up exploration in the Arctic Barents Sea, which is ice-free further north than other parts of the Arctic thanks to the warm Gulf Stream."This area is actually less challenging in terms of weather and waves than many other parts of Norway ... We have drilled

© Bo B. Randulff, Roar LIndefjeld / Equinor

Equinor Q2 Core Earnings Lag Forecasts

Norwegian oil and gas firm Equinor said on Thursday second-quarter adjusted operating income rose from a year ago but missed forecasts due to higher maintenance costs at its Norwegian fields.The company formerly known as Statoil also said it was too early to follow peers, such as Shell and Total , with share buyback programmes as it had investment plans to fund."We did not feel it was natural in the second quarter (to launch buybacks) because we have big projects and increased working capital. We need to come back to the question at a later point," Chief Financial Officer Hans Jakob Hegge

(Photo: Equinor)

Norway Wants to Build Floating Wind Farms

and the regulatory framework," Terje Soeviknes said.Unlike offshore wind turbines that are fixed to the seabed, floating wind parks are seen as potentially more feasible for use in deeper waters.The minister didn't name any firms, but Norway's Equinor, which recently changed its name from Statoil to increase its focus in renewable energy, has said it will take part in the country's first such tender if there are subsidies.The company said in May it expected about 13 gigawatt (GW) of floating offshore wind to be installed globally by 2030 and aimed to take "a fair share" of

The West Hercules drilling rig in the Barents Sea. (Photo: Ole Jørgen Bratland / Equinor)

Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round

Sea off central Norway, the Ministry of Oil and Energy said on Monday."This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north," Oil and Energy Minister Terje Soeviknes said in a statement.Equinor, formerly known as Statoil, was awarded five licences and will participate as a non-operating participant in a further two.Shell, Aker BP, Lundin, OMV and Spirit Energy, a Norwegian joint venture between Britain's Centrica and Germany's Bayerngas, were also offered operatorships.Licence operators determine exploration

Photo: Jan Arne Wold / Woldcam

Statoil Name Change Expected in May

Statoil ASA will vote on the proposal to change the company’s name, from Statoil ASA to Equinor ASA, at the company's annual general meeting on May 15.The company said in March it intends to change its name to reflect its move to become a broad energy company.The company expects to implement the name change from (and including) May 16, 2018. This entails that May 15, 2018 is expected to be the last day of trading on Oslo Børs under the ticker “STL”. From May 16, 2018 (inclusive), the company’s shares are expected to trade on Oslo Børs under the new ticker

The Gwynt Y Mor wind farm. Photo from Rovco.

Subsea Robotics for Renewables

subsea infrastructure, instead of having to be supported by support vessels.New frontiersThe inspection opportunities will further open-up as new frontiers open up in the offshore renewables space, not least within floating offshore wind. While there is only one operating pilot offshore wind park today, Statoil’s Hywind park offshore Peterhead, Scotland, with five floating wind turbines, the global potential is seen as significant. With more subsea components than fixed bottom wind turbines, including hulls, mooring lines, anchors, and cabling, there’s potentially more work to be done here

Phase 2 will add a fifth platform to the ‘The North Sea Giant’, Johan Sverdrup. Credit: Equinor

Kongsberg Wins Johan Sverdrup Phase 2 Contract

System and OPC-UA data gateway. The latest generations of Kongsberg Maritime SAS technology for production, integration, presentation, simulation, training and operation are also included.Kongsberg Maritime has been a key technology partner for the project since 2014, when Equinor Energy AS (then Statoil) awarded a Project Specific Agreement including FEED for delivery of SAS to the four phase 1 field platforms

The Grane platform in the North Sea. (Photo: Harald Pettersen / Equinor ASA)

Equinor Awards $3.7 Billion Service Deals

cover integrated well services, such as directional drilling, drill bits, fluids and cementing, for an initial four years, and can be extended for up to 10 years."The purpose of integrated drilling and well services is to clarify roles and responsibilities," Equinor, formerly known as Statoil, said in a statement."This results in less interfaces and more clearly defined responsibilities, facilitating more seamless planning and implementation of the operations between the various contributors," it added.Last November, oil firm Aker BP signed a five-year integrated well service

(Image: ABB)

Powering the Seafloor: Put a Socket in It

, you can power ROVs (remotely operated vehicles), heating in pipelines (to prevent blockages), and a number of other applications, that are coming up,” says Jan Bugge, Vice President of subsea technology at ABB and Project Director of a subsea power joint industry project (JIP) the firm has with Statoil. “There have been discussions about connections to offshore wind, (deepsea) mining, aquaculture… Anything that has power to transmit (such as wind farms) and needs power can use this infrastructure to import and export power. We are just touching the surface.”The ConceptAt the

© diak / Adobe Stock

House Set to Debate Offshore Wind Energy Bills in US Waters

3.5 gigawatts of offshore wind.A wind farm that generates up to 1.5 gigawatts of electricity can power roughly 1 million homes.European companies have been especially interested in U.S. offshore acreage up for lease.Mike Olsen, senior director of government affairs at Norway's Equinor, formerly Statoil, is expected to testify at Tuesday's hearing.Statoil Wind has already won a bid for 80,000 acres of offshore leasing rights off of New York's coast.James Bennett, chief of the Office of Renewable Energy Programs Department at the Interior’s Bureau of Ocean Management and Randall Luthi

Photo courtesy fo RAMCO

RAMCO Agrees to Contract with Equinor

RAMCO, the international specialist in the care and maintenance of oil country tubular goods (OCTG), has signed a contract with Equinor (formerly Statoil) for inspection and mobilization of casing and tubing in Norway, worth more than $10 million a year to 2024.Over the last 40 years, RAMCO has played a key role in the provision of inspection and cleaning for OCTG pipe and during this time the company has developed a long-standing relationship with Equinor delivering pipe care excellence in Norway.  This new contract, which is initially for two-years, covers sites in the ports of Florø and

Saab Seaeye’s Sabertooth hybrid ROV/AUV (Photo: Saab)

Unmanned Vehicles May Soon Take Up Residency Subsea

;s now also another new entrant to the subsea underwater market: resident vehicles, from resident ROVs to hybrid vehicles.Why?One of the main drivers is cost reduction. ROV support vessels cost a lot. Remove the need for the vessel and a significant percentage of the cost of the operations is removed, Statoil’s Tom Glancy, Advisor Pipeline Mapping & Geographical Information, told an International Association of Oil and Gas Producers event in Stavanger last year.Having a vehicle living subsea, in “garages” or docking stations, could also reduce wait-on-weather time, operations costs

(Photo: Statoil)

Johan Sverdrup ROV Contract Awarded

Statoil has awarded IKM Subsea a services contract for ROVs on at the Johan Sverdrup platform commencing in the third quarter of 2018.The contract was won in a competition with other suppliers through an e-auction event that was performed as one of the final stages of the tendering process.The scope of work consists of provision of ad-hoc ROV operations to support drilling activities on the Johan Sverdrup field. The contract duration is six years plus additional options.

Argentina Offshore Auction Attracting Oil Producers

International oil firms including Norway's Statoil, U.S. Anadarko Petroleum, China's CNOOC and Malaysia's Petronas have shown interest in Argentina's auction this year of offshore blocks for exploration and production, the country's energy minister said on Wednesday.Argentina, which is still defining the areas to be included in the auction, also wants oil companies currently exploring at its large Vaca Muerta shale field to move from pilot to full development phase after offering incentives to cut costs.Six projects have moved to the production stage in recent months, and the

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