The Norwegian Petroleum Directorate has granted Statoil a drilling for well 16/7-11. The well will be drilled from the Songa Trym drilling facility and relates to the drilling of a wildcat well in production licence 072 B. Statoil is the operator with a 50% ownership interest.
Norway's hard pressed oil and gas sector can weather the storm created by $50 oil, if the industry continues to work towards reducing costs and adapts to the new price levels.
Drilling contractor Songa Offshore has issued a July fleet update.
This image shows the largest structure of the Mariner subsea scope holding up traffic in Norway as it was transported from the fabrication yard. The subsea structure, which stands four metres high and 16 metres long, weighs 130 tonnes equivalent to the weight of 10 S-92 helicopters.
Scottish sand control specialist Darcy has seen its patented down-hole screening technology achieve an industry first following a successful trial with energy giant Statoil.
Statoil is using military technology to detect hydrocarbon leaks at its Eagle Ford operations.
Statoil has started its fast-track project for improved oil recovery from Gullfaks South (GSO) in the North Sea. The company aims to increase output from the area by an estimated 65 million barrels of oil equivalent. Production was started three years ago in the Gullfaks region after the project was approved.
Statoil’s largest ever jacket project is one step closer to completion.
Statoil’s second quarter net income fell 27% amid a dipped oil price.
Marine geophysical services specialist WGP has completed its spring/summer program of reservoir monitoring operations for Statoil's Snorre and Grane fields ahead of schedule.
Det Norske Oljeselskap ASA is claiming as much as 20 million barrels more of the Johan Sverdrup oil field as it appeals a government decision that reduced its stake in the giant deposit offshore Norway. The Trondheim-based company asked the government to raise its stake to 12.23 percent from the 11.57 percent it was awarded in a July 1 ruling by the Petroleum and Energy Ministry, according to an appeal letter dated Tuesday obtained by Bloomberg. The field holds as much as 3 billion barrels of oil, meaning a successful appeal may result in an increase of 20 million barrels. “Det Norske asserts that the decision is invalid,” it said in the appeal. The ministry has misinterpreted the petroleum act and hasn’t provided sufficient justification for its decision, which constitutes a process error, the company said.
Statoil has made a gas discovery in the Julius prospect in the North Sea alongside its partner Total of between 15 and 75 million barrels of recoverable oil. Well 2/4-23S was drilled by the Maersk Gallant in the King Lear area and proved gas and condensate in the Ula formation. The Norwegian operator said the well was aimed at appraising the King Lear gas and condensate discovery made by the PL146/PL333 partnership in 2012.
Energy giants Statoil and GE have announced winners of a competition to find new ways of dealing with sand in shale gas production.
Total has started production from a new development on its deep offshore operated Block 17 off the coast of Angola. Dalia Phase 1A is expected to develop additional reserves of 51Mb (million barrels) and will help contribute 30,000 barrels per day to the block’s production. Arnaud Breuillac, president of exploration and production, said: “The Dalia FPSO came on stream nearly nine years ago and with the addition of Phase 1A will still produce around 200,000 b/d. It is the latest milestone in the success story of Block 17, Total’s most prolific license with cumulative production reaching two billion barrels in May 2015.
Norway's Statoil is to sell its 20-percent stake in the Trans Adriatic Gas Pipeline (TAP) project that will carry gas from Azerbaijan to Europe, the president of Azeri state energy firm SOCAR said. "Statoil has decided to leave the TAP project completely, and there is a company which is ready to buy its stake," Rovnag Abdullayev told Azeri ANS TV late on Friday. "Several companies have expressed an interest in buying Statoil's stake, and it would be better if several companies would buy it," he added.
Norwegian oil firm Det Norske said it will appeal a government decision to give it a smaller stake in the Johan Sverdrup oilfield than it had been seeking. The company revealed their plans as it reported lower than expected second quarter earnings for 2015. Det Norske believes it should have been given a larger share than the percentage proposed by operator Statoil of 11.89%.
This time-lapse footage shows the second module of the Gina Krog living quarter being lifted into place. It was built by Aluship in Poland and was placed onto the first module, which was built at Apply Leirvik in Norway.
Statoil has installed the steel jacket for the Gina Krog platform in the Norwegian part of the North Sea. This stunning footage shows the jacket, which weighs more than 17,000 tonnes. Weighing more than twice the steel weight of the Eiffel Tower in Paris, it has now been secured into the seabed.
Norway's oil and gas firm Statoil plans to take the final investment decision in September on building a floating wind farm off the coast of Scotland, set to be the first of its kind in the world, a spokesman for the company said on Tuesday. Statoil, which has run a single floating offshore turbine for several years in Norway, is now planning to build five floating turbines, each with 6 megawatt capacity, off Aberdeen in an area where the water depth is around 100 metres. With development areas for foundation-fixed offshore turbines limited to shallow seas with depths up to 50 metres, and with some countries experiencing strong opposition against the visual impact of turbines on the land, floating offshore is seen as the next major growth area for the wind industry.
Tenaris has netted a contract to work on Statoil’s massive Mariner project in the North Sea which will lead to the creation of up to 20 jobs in Aberdeen. The tubing and casing manufacturer will provide connections as well as associated services from its UK base in Aberdeen. Last month, Statoil awarded Baker Hughes a contract for production chemicals and services for the Mariner field.
Statoil has installed worlds’ first subsea wet gas compressor at the Gullfaks C platform in the North Sea. The compressor will add 22 million barrels of oil equivalent and extend the platform’s life by two years.
Norway's Statoil and Lithuania's Lietuvos Energija plan to join forces to develop a small-scale liquefied natural gas (LNG) supply operation, competing with Finnish gas utility Gasum. Litgas, an LNG arm of state-owned Lietuvos Energija, and Statoil signed a preliminary agreement on Thursday to establish a joint venture by the end of 2015, Litgas said in a statement. Statoil has a contract with Litgas to deliver 0.5 billion cubic meters of gas per year to Lithuania's LNG terminal at Klaipeda port in 2014.
The Norwegian government has modified an original proposal on how to divide up stakes in the Johan Sverdrup field in the North Sea, giving Det norske a smaller stake than originally proposed, it said on Thursday. Sverdrup, Europe's costliest offshore energy project, contains up to 3 billion barrels of oil equivalent (boe) and could operate for 50 years. It is forecast to start production by the end of 2019. Four out of five shareholders, including operator Statoil, agreed in February on how to divide up the project, but Det norske disputed the agreement, asking for a government review.
Statoil’s wildcat wells made oil and gas finds near the Gina Krog field in the North Sea.
Statoil has revealed it will utilise existing infrastructure to reduce the cost of recovery and improve profitability for its Gullfaks field. The company has submitted an amendment to its development and operations plan with the Norwegian Ministry of Petroleum and Energy. Statoil said phase one of the Shetland/Lista development is expected to add 18 million barrels of oil equivalent and increase the resilience of the area for continued operation of the Gullfaks platforms.