Video: Statoil sets its sight on global wind market in Japan and US
Statoil's flagship Hywind project could be replicated in regions such as the US and Japan, according to the company's head of asset management.
Statoil
Video: Hywind could become “profitable leg” for Statoil
Statoil's UK managing director said the Hywind project could become a "profitable leg" for the company as it looks to expand its renewables arm. The company announced it had taken a final investment decision on plans to build the world's largest offshore windfarm just a day after winning approval from the Scottish Government. Tove Stuhr Sjoblom sat down with Energy Voice to discuss the next steps for the first of a kind project.
Low oil price could prove “transformative” for oil majors
Wood Mackenzie said the global decline in oil price has had a “transformative” impact on the oil majors. Analysis by Wood Mackenzie identified four key themes which will continue into the next year in terms of companies’ budgets and strategies. Tom Ellacott, head of corporate upstream analysis, said key trends for oil majors already identified included weak financial performance in the third quarter of the year, a boost in production levels, deep cost cutting and tighter allocation on limited capital.
Rig ‘Graveyard’ looms as Statoil cuts North Sea drillers loose
The pressure is building on North Sea drillers starved of contracts as Statoil ASA deepens cuts in investment to cope with a collapse in crude prices.
Statoil makes final investment decision for North Sea first
Statoil has made the final investment decision for its Hywind pilot park in the North Sea.
Scottish Government approves Statoil’s Hywind project
Plans to build the world’s largest offshore windfarm off the north-east coast have been approved. Norwegian energy giant Statoil will erect five 600ft turbines tethered to the bed of the North Sea, 15 miles from Peterhead. The Scottish Government has today granted the firm a marine licence, allowing construction work on the huge structures to begin.
Statoil cancels rig order
Statoil has issued a cancellation notice to Songa Offshore for one of its rigs.
Industry plagued by “optimism bias” on big project start-ups
A continued "optimism bias" on projects is challenging the industry to deliver on time, according to leading major projects experts.
Statoil part of winning Mozambique bid
Statoil and joint venture partners have submitted a winning bid on the A5-A block offshore Mozambique in the fifth competitive bidding round.
EV Insights: In case you missed them, Energy Voice’s Friday Five
Each week Energy Voice pulls together the Friday Five. Click below to see the site’s most read and engaged with copy of the week.
Pacific Drilling cancels Samsung drillship contract due to delays
Pacific Drilling has cancelled the construction contract for the ultra-deepwater drillship Pacific Zonda after Samsung Heavy Industries failed to deliver the vessel on time.
Statoil makes move into South Africa with farm-in deal
Norwegian operator Statoil has made its first into South Africa after striking a deal with ExxonMobil Exploration and Production. The company has completed a farm-in transaction to acquire a share in the Tugela South Exploration Right. Statoil said the move represented access into a “frontier basin”.
Statoil’s Mariner costs increase $700million, confirms hiring delay
Statoil today blamed a backlog of work in a South Korean shipyard for a year-long start-up delay for its flagship Mariner project.
Statoil delays Mariner start, ‘chases’ cost savings
Statoil’s chief executive Eldar Saetre today confirmed the start-up of the Mariner field would be pushed back a year.
Proserv wins £1.6million contract for Johan Sverdrup platform
Proserv has won a contract worth £1.6million to provide topside control equipment on Statoil’s Johan Sverdrup drilling platform. The company said the agreement will see it supplying Aibel with an hydraulic power unit (HPU) and three chemical injection plants to be used on the field. Proserv said it plans to make most of its international network with staff in Norway working in collaboration with their Dubai colleagues.
US Statoil staff hit with job losses after ‘refusing’ to take redundancy package
Norwegian operator Statoil is reported to have told made staff in the US redundant after they refused to take voluntary redundancy. According to reports in Norwegian press, the staff are amongst around 100 members of staff who have been affected by job losses.
DNV gets oil majors on board for offshore wind project
The concept of using wind power for offshore oil and gas applications has taken a step forward after several oil majors signed up for a joint industry project to explore the technology.
Norway gas output set for record as monster field is revived
The Troll A platform rocks like a boat as North Sea waves pound its four gigantic concrete legs, but monitors inside the control room show a steady flow of natural gas continues unabated -- enough to meet the needs of 10 million homes in Europe. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll’s capacity. And deep within the windswept jumble of pipes and machinery that top the platform 65 kilometers (40 miles) off the Nordic nation’s coast, two newly installed compressors stand ready to maintain the field’s unequaled capacity well into the next decade. “These compressors provide an extra muscle, they strengthen the Norwegian gas machine,” Grete Haaland, senior vice president for asset management at Statoil’s marketing, midstream and processing business unit, said in a presentation on the Troll platform Wednesday. “They increase Troll’s ability to deliver more gas in the short and long term. That’s extremely important for us.”
ACE Winches completes subsea order for Statoil
ACE Winches said it has completed an order for Statoil for their subsea line modification project designed for use on the Troll B platform offshore Norway. The Norwegian operator had required a rental Pull in Winch System including wire rope and HPU. The rental package supplied incorporated a compact design and weight optimized linear winch, designed for use in land based shore pulls and offshore wire rope deployment and recovery operations.
Statoil reduces spending on Johan Castberg field
Statoil has reduced its spending on the Johan Castberg field by an estimated 30%. According to reports in Norwegian media, the Norwegian operator is still on target for a concept decision next year. The company’s vice president for field development Erik Strand Tellefsen told a seminar costs had been reduced through multiple processes on the project.
Statoil’s new MD takes over as UK boss
Statoil’s new managing director of production in the UK has taken over her new position with the Norwegian operator. Tove Stuhr Sjoblom will head up the firm’s offices in Aberdeen with responsibility for upstream development and production activities in the UK and Ireland. Sjoblom replaces Gunnar Breivik who will now head up Statoil’s corporate investigation unit.
Total to sell 15% stake in Gina Krog field
Total has signed an agreement to sell a 15% interest in the Gina Krog field in Norway to Tellus Petroleum in a NOK1.4billion deal. The French company’s president of exploration and production said the move was as a result of a “full comparative review” of its global asset portfolio. The transaction still has to be approved by the Norwegian authorities.
Norway warns explorers ‘skimming cream’ may cost them oil blocks
Norway, western Europe’s biggest oil and gas producer, warned companies that failing to extract less profitable barrels could weaken their chances of getting exploration blocks in a new area of the Arctic Barents Sea.
Aker Solutions and MAN form subsea compression alliance
Aker Solutions has teamed with German firm Man Diesel & Turbo to develop the next-generation in subsea compression systems that can be used even at the smallest oil and gas fields.
Oil bosses back climate change target
The chief executives of 10 of the world’s largest oil and gas companies have declared their support for an effective climate change agreement to be reached. The United Nations (UN) Conference of Parties to the UN Frameworks on Climate Change (COP21) will take place in Paris in December. The bosses of the companies which make up the Oil and Gas Climate Initiative (OGCI) confirmed they recognised the general ambition to limit global average temperature rise to two degrees and that the existing trend of the world’s net global greenhouse gas (GHG) is not consistent with this ambition.