Prosep appoints sales manager to drive deals in Norway
Prosep said it has appointed a new sales manager in Norway.
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Wintershall to delay concept selection for Skarfjell project
Wintershall has delayed a decision on a concept selection for its Skarfjell project off the coast of Norway.
Statoil remains tight-lipped over voluntary redundancies
Statoil is remaining tight-lipped about how many people have applied for voluntary redundancy with the company. Last year the Norwegian operator revealed it had offered the packages to its Norwegian staff.
Corrosion Solutions completes sale of business to Norwegian company
The founder of an Aberdeen corrosion company has joined forces with a larger Norwegian group as part of a global expansion plan. Allan Durham, the owner and managing director of Corrosion Solutions (CSL) has completed the sale of the business he founded in 1998 to Stavanger-based Presserv. The value of the transaction was not disclosed.
Lundin Petroleum commences drilling on the Fosen prospect
Lundin Petroleum said it has commenced drilling of exploration well 16/4-10 on the Fosen prospect. The well is 27km south of the Edvard Grieg field and 11km south of the Luno II discovery on the Norwegian Continental Shelf.
Statoil chief exec says he can’t afford “$100 way of thinking”
Statoil’s chief executive Eldar Saetre said he “can’t afford the $100 way of thinking” as oil prices continue to decline. The boss of the Norwegian operator said oil companies have become too accustomed to a high oil price.
Aker launches test programme for CO2 Capture project in Norway
Aker Solutions today confirmed it had launched a five-month test programme for its carbon capture scheme in Norway.
Statoil awards Aker Trestakk FEED contract
Norwegian operator Statoil has awarded Aker Solutions a contract for a front-end engineering and design contact for the proposed subsea tie-back of the Trestakk field in the Norwegian Sea.
Norway to world: We’re sitting out the big wealth fund selloff
The world’s biggest wealth fund won’t be joining its counterparts in a selloff that’s hurting already depressed markets. In fact, officials who supervise the $780 billion fund haven’t even discussed the possibility of shifting strategy, according to Egil Matsen, who this week started as the new deputy central bank governor in charge of oversight of the investor.
Eni gets approval from environmental agency for Goliat
Eni has been given approval from the Norwegian Environment Agency to start oil production from the Goliat field in the Barents Sea.
Norway’s sovereign fund approves Shell and BG merger
Norway's $790billion sovereign wealth fund will vote in favour of a merger of energy companies Shell and BG.
EMGS sells off more than 11million stocks in North Energy
EMGS (Electromagnetic Geoservices) has sold more than 11million shares in North Energy.
Faroe Petroleum gains six new licences in Norwegian round
Faroe Petroleum said it has been awarded six new exploration licenses in Norway. The company said it includes two operatorships under the 2015 Norwegian APA licence round.
How sub-$30 crude can be a boon for Norway’s giant oilfield
Given a choice, Statoil ASA and the other owners of the giant Johan Sverdrup oilfield would have preferred to avoid the collapse of crude prices that has upended the industry.
Statoil finds temporary work for Scarabeo 5 rig
Norwegian operator Statoil is looking to reactivate a suspended rig to carry out well plugging work in the North Sea. The Scarabeo 5 had previously been suspended by the company from October last year.
Drop in oil price dents Norway’s overall tax revenue in 2015
The drop in global oil price has meant a decrease in Norway’s overall tax revenue since last year.
Statoil to cut development costs on Johan Sverdrup field
Norwegian operator Statoil will cut the development costs at the Johan Sverdrup field. The company’s partner,Det Norske Oljeselskap, said the move was being made as low oil prices continue.
Norwegian production increased in December
The Norwegian Petroleum Directorate latest production figures for December 2015 reveal an increase on the previous month.
Aker Solutions to make up to 900 job losses in Norway, streamlines MMO business
Aker Solutions is set to reduce its headcount by up to 900 positions as it looks to “reposition” its MMO (maintenance, modification and operations) operations in Norway.
NPD director general claims Norway’s oil industry is “in crisis”
With oil dropping below $30 a barrel, producers in western Europe’s biggest crude exporting nation are now considerably worse off than they were in the darkest hours of 2008. Norway’s oil “industry is in a crisis now, we can’t deny that,” Bente Nyland, director general of the Norwegian Petroleum Directorate, told Bloomberg. Nyland says there’s a tendency for oil companies to prioritize short-term earnings rather than “long-term value creation,” as prices continue to fall.
Norwegian police drop Transocean tax fraud appeal
Norwegian police have dropped a planned appeal in a decade-long tax fraud case against drilling firm Transocean.
Statoil acquires minority stake in Lundin Petroleum
Statoil has acquired a minority stake in Norwegian operator Lundin Petroleum.
Salmond calls for Norwegian-style credit scheme to help North Sea workers
Alex Salmond has called for a Norwegian-style exploration credit scheme to help stimulate jobs in the North Sea oil industry. The former First Minister spoke in the House of Commons on the same day he took part in his first call-in show for LBC Radio.
Statoil agrees on Trestakk development after cutting costs by 30%
Norwegian operator Statoil and its partners have agreed on a development for the Trestakk oil and gas discovery off the coast of Norway after reducing initial costs estimated by 30%.
Songa rig in repairs after BOP failure
Songa Offshore said one of its rigs is currently being repaired after a blowout preventer equipment failure while final tests were being carried out on location at Statoil’s Troll field. The company said all required spare parts are on the Songa Endurance ready to resolve the incident.