EQUINOR and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK40 billion below the original estimates in the
EXXONMOBIL has signed an agreement today with Vår Energi AS for the sale of its non-operated upstream assets in Norway for US$4.5 billion as part of its previously announced plans to divest approximately US$15 billion in non-strategic assets by 2021.
The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development has been formally approved by Norwegian authorities. Construction has also started on the field’s second processing platform at Aibel’s yard in Haugesund. “This
AKER Solutions ASA has successfully completed a NOK1,000 million senior unsecured bond issue with maturity in June 2024. The bond issue was considerably oversubscribed. The bonds will have a coupon of 3 month Nibor + 3.00% p.a., and will be
FRENCH oil and gas giant Total has announced a major gas discovery on the Glendronach prospect, located offshore U.K. West of Shetland. The well was drilled to a final depth of 4,312 meters and encountered a gas column of 42
The Equinor operated Mariner platform is the largest field development on the UK continental shelf in recent years. 800 people are working offshore on the the huge hook-up operation to prepare the platform for production.
Late last week the last pipe of what is now Norway’s longest and largest oil pipeline was installed right next to the riser platform at the Johan Sverdrup field. The 36-inch pipeline extends 283 km from the Mongstad oil terminal
A report into UK oil and gas workforce dynamics launched today indicates that more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 in posts that don’t exist today. The
A sizeable Polish delegation has used AOG 2018 to invite Australian companies to help them expand the LNG and gas transmission systems in Central and Eastern Europe. Led by GAZ-SYSTEM, one of the main transmission system operators in region, and
Today’s worldwide oil and gas industry faces a number of challenges. Price fluctuations have affected planning and stability, new oil and gas reservoirs are harder to reach and more difficult to produce, and environmental concerns demand cleaner and more efficient