Equinor Increases Ownership in Linnorm Discovery
Equinor will acquire Shell’s equity in and operatorship of the Linnorm discovery in the Norwegian Sea. Under this agreement, Equinor will acquire a 30% interest in the PL 255 covering the Linnorm discovery, conditional upon taking over the operatorship from A/S Norske Shell. The deal is expected to close during the first quarter of 2024.The Linnorm discovery in the Norwegian Sea was proven in 2005 and is the largest undeveloped gas discovery on the NCS.
Shell Opts for Subsea Compression on Ormen Lange Phase 3
Norske Shell, the Norwegian subsidiary of Royal Dutch Shell, announced it has decided to go with subsea compression as a concept for the Ormen Lange Phase 3 to increase the recovery rate from the reservoir."This is an important choice, where we have evaluated a number of alternative concepts. Subsea compression will result in a significant increase in what is possible to produce from Norway's second largest gas field…
Østensjø Rederi Bags New Contracts
Norway-based international provider of marine services in the offshore and towage sectors Østensjø Rederi has been awarded a contract by a major European energy company for operation in the renewable sector.The contract commenced in November and will secure utilization during the winter period for Edda Fauna up to the commencement of vessel’s firm contract with DeepOcean.The Norwegian offshore vessel supplier…
OKEA Gets Approval to Acquire Shell's Draugen, Gjoa Fields
Norway's Ministry of Petroleum and Energy and Ministry of Finance has approved the transaction from AS Norske Shell and OKEA concerning the transfer of the licenses associated with the Draugen field in the Norwegian Sea and the Gjøa field in the North Sea.The Trondheim-based oil company informed in a press release that the Ministry of Petroleum has also approved OKEA as new operator for the Draugen field.AS Norske Shell and OKEA AS aims to close the transaction on November 30…
Neptune Energy Names Estensen Managing Director for Norway
Neptune Energy has appointed Odin Estensen as Managing Director of its Norwegian business, based in Stavanger.Estensen joins Neptune Energy from A/S Norske Shell, where he is currently the Norway Operated Asset Manager.With more than 28 years’ experience in the oil and gas sector, Estensen started his career with Schlumberger before joining Shell in 1990, where he went on to hold various senior roles across Europe…
iSURVEY Completes Industry First Project for Norske Shell
iSURVEY, a provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, has completed a pioneering project for A/S Norske Shell. The project, which took place last month as part of the operator’s Scarabeo 8 drilling campaign, utilized iSURVEY’s survey support remotely from its Oslo headquarter. This marks the first time remote positioning has been applied…
Another IMR Contract to IKM Subsea
Equinor, Norske Shell and IKM Subsea have agreed to adopt the terms and conditions of the contract originally signed between Norske Shell and IKM Subsea for provision of Light ROV & inspection services for Equinor operations. The services specifically ordered by Equinor will include onshore project management, engineering and offshore operations utilising the Siem Pride which is subject to a vessel share agreement with Norske Shell.
iSURVEY Reports Success in Q1 2017
Provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, iSURVEY, has reported a strong end to 2016 and a positive first quarter of 2017, including ongoing recruitment due to a string of significant contract wins. Part of this growth has also been attributed to iSURVEY’s diversification into the offshore wind sector last year. Having already worked on a number of cable preparation…
iSURVEY Bags rig positioning, surveying contract with Shell
iSURVEY has secured a non exclusive call-off contract with Shell UK Ltd, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services. With an effective date of 1 January 2017, the three year contract, which has the option of up to two, one year extensions, will see iSURVEY provide non exclusive rig and surface positioning services, subsurface positioning and dimensional control and platform surveys to Shell’s mobile offshore drilling units.
Statoil discovers gas in Valemon West
Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent. “This is an important discovery for the further development of Valemon,” says Gunnar Nakken, Statoil’s senior vice president for the operations west cluster, which covers the company’s Bergen-operated fields. "These new reserves can be put on stream immediately and will add considerable value.
IKM Subsea IMR Work for Shell to Commence
IKM Subsea was in 2015 awarded a 5 + 5 year contract by Norske Shell and the work will commence in March. The Merlin UCV ROV is successfully integrated to the Siem Pride and ready to commence services. In addition to the ROV service, IKM Subsea provides IMR related engineering, maintenance of Norske Shell’s tool pool, as well as handling survey through business partner iSurvey. The 2016 scope of work will include several inspections on Norske Shell’s deepwater field Ormen Lange and Draugen.
Further Nyhamna Gas Plant Order for Kvaerner
AS Norske Shell has awarded Kvaerner a project to harmonize the power supply interaction between the Nyhamna gas plant and the national grid, under the current EPCm frame agreement. Planning and execution of the project will commence immediately. Kvaerner was the main contractor for the initial development of the Nyhamna onshore gas treatment facility, and was in April 2012 awarded an EPCm frame agreement for Nyhamna, which include the Nyhamna Expansion.
Normand Vision Ready for GOM SURF Job
Ocean Installer won a contract for an umbilical installation project with Oceaneering for LLOG on the Delta House project. The location of the project is in the Mississippi Canyon Area. This marks the highly advanced construction support vessel (CSV) Normand Vision’s first SURF contract in the Gulf of Mexico (GoM). “We are very pleased that we are able to present Normand Vision to the region and demonstrate her capabilities on an interesting project,” says Mike Newbury, President of Ocean Installer in the US.
