Chinese offshore drilling contractor COSL has settled a rig contract termination dispute with Equinor and has entered into an agreement with the oil company for potential future rig work.Equinor - then known as Statoil - in March 2016 terminated…
According to Rystad Energy, Norway has taken several steps to reduce its upstream emissions through electrifying offshore platforms, reducing flaring volumes, installing carbon capture and storage (CCS), and other energy efficiency measures…
Reaching some 9,023 meters from the Brage platform, the A36B well recently drilled by Wintershall Dea is the longest ever completed by the company in Norway. Around 200 meters longer than Mount Everest is tall, the well is also the longest ever drilled offshore by the company globally…
Norwegian authorities have given Equinor consent to use Island Wellserver for light well intervention (LWI), the Petroleum Safety Authority (PSA) announced on Wednesday. The consent concerns an extension to an existing LWI approval as well as a new operation using a coil hose…
European oil major Equinor said on Thursday it expects less capital expenditure this year, partly due to further cost savings at its Johan Sverdrup oilfield, after reporting quarterly earnings slightly below forecasts.Adjusted earnings before interest and tax (EBIT) fell to $3…
Global offshore wind energy industry is estimated to grow at a CAGR of by +15% to reach USD 69.63 billion by 2025.The industry valued approximately USD 18.479 billion in 2016 is forecasted to grow with a healthy growth rate of more than 15…
Oil workers have been evacuated from the Statfjord A platform in the North Sea after it was struck by a platform supply vessel (PSV), Norwegian oil and gas company Equinor said on Friday.The platform was not producing when it was struck by the…
An unspecified amount of oil was observed on the sea surface early Wednesday morning in connection with loading oil from buoy to shuttle tanker on the North Sea Statfjord field, Equinor announced.The loading operations were stopped when this was discovered…
Norwegian offshore shipping company Island Offshore and TIOS (former Island Offshore Subsea, jointly owned by TechnipFMC and Island Offshore) will continue as suppliers of light well intervention services (LWI) for Equinor, with a new agreement signed for the use of Island Wellserver vessel…
Equinor has gained approval from the Norwegian Petroleum Directorate (NPD) to extend the producing lifetime of its Gullfaks C platform off Norway until 2036. This corresponds to the entire period of the production license.In its application…
Norway's Equinor SA on Tuesday said it plans to explore for oil in deep waters off the coast of South Australia in late 2020 and released a draft environmental assessment for the project to head off community protests.Equinor, formerly known as Statoil…
Aker BP ASA has exercised the first of eight one-month options to extend the charter of the tender support vessel (TSV) Safe Scandinavia, owner and operator Prosafe announced last week. The total value of the option is $4.5 million.In mid-August 2018…
Schlumberger signed a contract worth over $200 million with oil major Equinor to manage an offshore rig as part of a drilling program in Brazil's offshore Campos oil basin, a person familiar with the matter said on Thursday.The deal would be…
Austrian oil company OMV noted a rise in estimated recoverable volumes in the company’s Wisting discovery in the Barents Sea offshore Norway during last year.The company said on Monday that the estimated recoverable volumes in the Wisting discovery…
Up and down the East Coast, initiatives to develop a massive and largely untapped market can make sea change in American offshore wind, says the Institute for Energy Economics and Financial Analysis (IEEFA).IEEFA pointed out that the big lease…