Johan Castberg PDO Approved
The plan for development and operation of the Johan Castberg field in the Barents Sea was approved by the Norwegian Parliament on Monday, June 11. The plan will now be submitted to the Ministry of Petroleum and Energy for formal approval.With first oil scheduled for 2022, the field has a production horizon of 30 years. Capital expenditures for the project are NOK 49 billion ($6.2 bln)…
Norway's $1 Trillion Fund Curbs Holdings in Biggest CO2 Emitters
Norway's sovereign wealth fund has trimmed the proportion of its $1 trillion fortune that is invested in companies that emit the most greenhouse gas, a Reuters survey has shown. Environmental campaigners hope the move by the world's biggest state-owned investment fund signals the start of a trend for investors shifting their money away from activities blamed for climate change.
Statmett's Monopoly on Power Links Backed
Norway's power grid operator Statnett should retain a monopoly on building and operating international power links, the country's competition regulator said on Wednesday, in an unusual move. Statnett was granted exclusive rights by the former centre-left government in 2013, putting on hold a project to build a NorthConnect link to Britain by a group of Norwegian power companies and Sweden's Vattenfall.
Statoil Awards Johan Sverdrup Drilling Contracts
Statoil, on behalf of the Johan Sverdrup licence, has awarded two contracts at a total value of more than NOK 4.35 billion to Odfjell Drilling for drilling wells on the Johan Sverdrup field. Odfjell Drilling has been awarded contracts both for the Deepsea Atlantic semi-submersible rig and for drilling services on the fixed drilling unit to be installed on the Johan Sverdup field.
Statoil Awards Living Quarters Contract for Johan Sverdrup
Statoil is, on behalf of the Johan Sverdrup partnership, signing a contract with a joint venture consisting of Kvaerner and KBR for construction of the topside for the utility and living quarters platform. The contract has a value of NOK 6.7 billion. The contract includes engineering, procurement and construction (EPC) of the topside for the Johan Sverdrup utility and living quarters platform.
Statoil's Annual, Sustainability Reports for 2014
Statoil presents the annual and sustainability reports for 2014 today, together with the new payments to governments report. “In 2014 we continued to deliver solid operational results. Our production efficiency improved significantly, we are on track with our improvement programmes and we continued to deliver good safety results.However, the profitability…
ABB Wins Statoil Johan Sverdrup Power Contract
Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field development. The contract value is around NOK 1.1 billion, and covers delivery of electrical equipment for a converter station by the Kårstø processing complex at Haugsneset in the municipality of Tysvær…
ABB Shore Power for Johan Sverdrup
Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field. The contract value is around NOK 1.1 billion, and covers delivery of electrical equipment for a converter station by the Kårstø processing complex at Haugsneset in the municipality of Tysvær, and a power module on the riser platform at the Johan Sverdrup field centre.
Johan Sverdrup Contract to "Pioneering Spirit"
Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field. The vessel will be installing the topsides for the drilling, processing and living quarter platforms.Allseas will transfer the topsides to Pioneering Spirit before they are transported to the Johan Sverdrup field. On the field Pioneering Spirit will install the topside on the steel jackets.
Statoil: Aibel Wins Johan Sverdrup Contract
Statoil, on behalf of the Johan Sverdrup partnership, will sign a contract with Aibel for the construction of the deck for the drilling platform on the field. The contract is worth in excess of NOK 8 billion. The contract includes engineering work, procurement and construction (EPC) of the drilling platform deck. The platform deck will be built at the Aibel’s yard in Thailand and Haugesund, and at Nymo’s yard in Grimstad.
Aibel Bags Johan Sverdrup Contract
Statoil, on behalf of the Johan Sverdrup partnership, will sign a contract with Aibel today for the construction of the deck for the drilling platform on the field. The contract is worth in excess of NOK 8 billion. The contract includes engineering work, procurement and construction (EPC) of the drilling platform deck. The platform deck will be built at the Aibel’s yard in Thailand and Haugesund…
Statoil Awards Johan Sverdrup Jacket Contract
On behalf of the Johan Sverdrup licence partners, Statoil has awarded a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup field. Scheduled for delivery in the summer of 2017, the jacket's contract value is close to NOK 2 billion. The contract is an execution of parts of the letter of intent which Statoil…
Electrification of Utsira High to Happen by 2022
The Norwegian parliament's energy committee has agreed the electrification of oil platforms on the Utsira High in the North Sea with power from land must be completed by 2022, Norwegian lawmakers said on Wednesday. The decision means that the $20 billion development of the Johan Sverdrup oilfield, expected to start producing oil in 2019, will not be delayed as had been the concern earlier.
