Karsto gas leak stopped
Statoil said an earlier gas leak at its Karsto processing plant in Norway has been stopped.
norway
Statoil signs agreements with OneSubsea and AkerSolutions
Statoil has signed new agreements with OneSubsea and Aker Solutions. The Norwegian operator said the agreement signed form the basis for potential new EPC contract for subsea equipment in the medium term future.
Norwegian krone to sit out currency war as oil fixes plunge
Norway’s central bank can probably sit out the global currency war that is now at its doorstep. Even a potential intervention in neighboring Sweden is unlikely to boost the Norwegian krone as a deepening rout in Brent crude drags down the currency of western Europe’s biggest crude producer. “At the end of the day, the Norwegian krone is oil- fixated,” said Daragh Maher, head of currency strategy for HSBC in New York. “Really, the issue is whether the oil price can find a bottom.”
Statoil evacuates staff from Karsto after gas leak
Statoil has evacuated workers from its Karsto processing plant after a suspected gas leak.
Exclusive: COSL Innovator not tested for wave force
A rig which was battered by huge waves in the Norwegian North Sea leaving one worker dead and two injured had not been tested for the impact of a wave.
Statoil hit with safety warning for Valemon
The Norwegian Petroleum Safety Authority has found a number of non-conformities on Statoil’s Valemon platform in the North Sea.
Statoil sees risk of deeper slump as oil touches 12-year low
Statoil ASA, Norway’s biggest energy company, said an oil rout that’s pushed prices to a 12-year low may still get worse.
Statoil applies for exclusion zone around Njord field
Statoil has reportedly applied for an exclusion zone around its Njord field in Norway.
New report doubles Faroe Petroleum’s reserves
A new report has nearly doubled Faroe Petroleum’s reserves overnight.
BP, ConocoPhillips considered ‘military option’ for drifting barge near Valhall field
Oil major BP and the Norwegian defence headquarters were in discussions about whether to use military options including blowing a drifting vessel out of the water near the Valhall field.
ConocoPhillips resumes production from Eldfisk and Embla
ConocoPhillips said production has resumed from both the Eldfisk and Embla fields in the Norwegian North Sea. The fields had been shut down on New Year’s Eve along with the Valhall platform after a drifting vessel moved towards them.
Havila agrees restructuring deal to cope with downturn
Troubled Norwegian firm Havila Shipping is undertaking financial restructuring process to help steer it through the industry downturn.
Former submarine commander joins Odfjell SE
Tanker operator Odfjell has appointed former submarine commander Øistein Jensen as its new chief of staff.
Statoil renegotiates terms with suppliers in NOK11billion deal
Statoil has renegotiated the terms of two of its long-term contracts with its suppliers.
COSL: Investigation will tell if offshore worker’s death could have been prevented
COSL Drilling said an investigation launched by the Norwegian Petroleum Safety Authority will aim to answer whether the death of an offshore worker could have been prevented. Rune Morten Narvag was killed when a massive wave hit the COSL Innovator in the Norwegian North Sea. The rig was on contract to Statoil in the Troll field west of Bergen when the accident happened.
A moment of silence for ‘engaged and hearty’ industry veteran killed by huge waves
Rune Morten Narvag got his first break in the oil and gas industry aged just 16-years-old.
Offshore worker killed by huge wave named by authorities
A man killed offshore after a freak wave hit a semi-submersible drilling rig in the Norwegian North Sea has been named. Rune Morten Narvag, 53, died last week after fierce weather across the North Sea caused by Storm Frank.
Statoil to conduct CCS studies in North Sea fields
Statoil has been asked by the Norwegian Government to conduct new studies on carbon storage on the Norwegian continental shelf.
Lundin abandons well after coming up dry in Barents Sea
Lundin Petroleum said it has come up dry on the Ornen exploration well in the southern Barents Sea. The company said it had completed drilling and evaluation of well 7130/4-1 on the eastern parts of the Finnmark Platform.
Statoil decision on Johan Sverdrup to wait until 2016
Statoil and its partners are to spend more time on improving the concept for the start-up of the second phase of the Johan Sverdrup field. The company said the planned production timing is still planned for 2022.
Total granted wildcat drilling permit from NPD
The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to Total E&P Norge for the drilling of a wildcat well. The company plan for the well to be drilled using the Maersk Gallant drilling facility in production licence 618.
Norwegian government upholds Det Norske Johan Sverdrup decision
The Norwegian government has upheld its decision to reduce Det Norske’s stake in the Johan Sverdrup oil field. The move comes after it rejected an appeal from the company against the decision.
Statoil submits development plan for Oseberg Vestflanken
Statoil and its partners have decided to develop the Oseberg Vestflanken 2 covering the Alpha, Gamma and Kappa oil and gas structures. The Oseberg Vestflanken covers the Alpha, Gamma and Kappa oil and gas structures, which are located around eight kilometres northwest of the Oseberg field centre.
Statoil to present development plan for Oseberg project
Statoil said it plans to present its development plan for its Oseberg Vestflanken 2 project offshore Norway tomorrow.
Vessel market sees rates increase but reduced activity
November’s platform supply vessel and anchor handler spot market was characterised by an increase in rates but a big drop in activity according to Norwegian-based market analyst Westshore Shipbrokers.