Statoil News

(Image courtesy of SBGS)

Seismic From Below

west of the Shetland Isles. One of the first commercial reflection OBS survey was undertaken in 2003/4 by Seabird Exploration for Pemex over the Canterel/Sihil field offshore Mexico. The node technology used for this survey was developed in Norway, following ground breaking research undertaken by Statoil (recently renamed Equinor) with their SUMIC (SUbsea seisMIC) ocean bottom four component cable system.“For many years the superior quality of OBS data over towed streamer data, even wide azimuth streamer data, has been widely accepted in the oil and gas industry. With the advent of &ldquo

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

(Image: Equinor)

Equinor Explores Floating Wind Turbines to Power N.Sea Oilfields

were 2.4 percent above 1990 levels at 52.4 million tonnes."To maintain profitable operations (offshore Norway) in the long term, it is essential that we do our utmost to further reduce the carbon footprint from our activities," Executive Vice President Arne Sigve Nylund said.Formerly known as Statoil, Equinor earlier this year changed its name to underscore a push into renewable energy under Chief Executive Eldar Saetre, although oil and gas will remain the company's dominant business.The company's first floating offshore wind farm began operating off Scotland last year, supplying electricity

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

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

(Photo: Principle Power)

Subsea’s Future is Blowin’ in the Wind

product, Horizon, which classifies images by damage type and severity. An advanced feature set in the software that includes repair planning workflows, analytics dashboards and insights then enable users to spot trends, project repair costs and determine ROI.Equinor, MasdarPartners Equinor (formerly Statoil) and Masdar have installed a battery storage system they call Batwind, which stores energy generated from the world’s first commercial floating wind farm. Electricity produced 25 kilometers offshore at the Hywind Scotland wind farm is transported via cables to an onshore substation in Peterhead

MTR does not present an “MTR100 Creative Photo” award, but if we did this year’s winner is Houston Mechatronics. Pictured is Houston Mechatronic’s Aquanaut in wet testing earlier this year holding it’s MTR100 ‘trophy’. (Photo: Houston Mechatronics)

MTR100: The Ones to Watch

, Norway, based Stinger Technology, is something of a boutique firm in the subsea space. It’s a small firm – with seven staff – but this year it’s been making ingress into subsea docking station technology, with support from Norway’s Equinor (previously known as Statoil).Stinger designs and produces solutions focusing on lightweight and cost efficient subsea systems, for subsea intervention and monitoring, with a strong focus on systems that can access confined spaces, mostly for the offshore oil and gas sector, but also the fish farming and shipping industries

Norway to Spend More Looking for O&G Near Russian Border

to take a close look at were opposite exploration blocks awarded by Russia on the other side of the border.Russia's largest oil producer Rosneft operates three blocks bordering Norway, information on the company's website shows.Norway's state-owned oil company Equinor, previously called Statoil, had plans to drill with Rosneft in one of the blocks, known as Perseyevsky.But Western sanctions imposed on Moscow after Russia seized Crimea from Ukraine in 2014, have ended such plans.Oslo and Moscow did a deal in 2010 to end a dispute over their maritime border, which included oil and gas exploration

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

Marine Technology Magazine Cover Oct 2018 - Ocean Observation: Gliders, Buoys & Sub-Surface Networks

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