The Barents 2020 cooperation project on safeguarding petroleum activities in the Barents Sea was concluded on Dec. 18 at a conference in Moscow. More than 100 Russian and Norwegian experts have worked together for close to three years on identifying common rules and standards for health, safety and the environment in the Barents Sea. Today they presented their recommendations in front of more than 200 representatives from industry, research institutions and authorities. The Barents Sea has been subject to industrial activities for years. The extreme climate, however, poses constant hazards to people and operations. And with industrial activities expected to increase in the years to come, there is a need to ensure a strong focus on implementing adequate standards for health, safety and the environment. This is what prompted Norwegian Minister of Foreign Affairs Jonas Gahr Støre to initiate a Russia-Norway cooperation project aimed at safeguarding petroleum activities in the Barents Sea in 2007. The project is a part of Barents 2020, a central element of the Norwegian Government’s strategy on the High North. DNV has been in charge of coordinating the project on Norwegian side while Gazprom and VNIIGAZ have been central actors on the Russian side. In addition to receiving funding from Norwegian and Russian authorities, a substantial part of the financial contributions have come from the industry itself
Electromagnetic Geoservices (EMGS) reported multi-client sales from Barents Sea and Norwegian Sea Marine controlled-source electromagnetic (CSEM) data provider EMGS informs it has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS's multi-client data library over the Barents Sea and the Norwegian Sea worth $1.6 million. The multi-client revenues, which are a combination of prefunding and late sales
RSI, a geoscience consulting firm to the oil exploration industry, completes several late sales of its Arctic atlas. RSI recently completed several late sales of its 79-well Barents Sea Rock Physics Study and Atlas of Seismic Expression; in total 17 companies have now licensed this product. The total value of the Barents Sea late sales and Mid-Norway exceeds $900,000. RSI CEO Richard Cooper stated, “It is clear that the recent high impact discoveries made by Statoil and partners at
The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen shows 15% increase. The increase will result in an approximate increase of 15 per cent in the estimates of undiscovered resources on the Norwegian shelf which corresponds to about 390 million standard cubic metres (Sm3) of oil equivalents (o.e.). The mapping of these petroleum resources is a step in the authorities’ process to open these areas for
Eni Norge AS awards DNV GL a framework agreement for the supply of inspection services to the Goliat platform in the Barents Sea. The term of the contract is three years, with an option for a two-year extension. The assignment consists of planning and carrying out inspections of static equipment, load-bearing structures and offloading and anchoring systems aboard the Goliat FPSO during its operational life. Local spin-off effects
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 8 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. "This sale confirms the increased recognition of the value of EMGS' EM technology as an important exploration tool. The addition of a new supermajor to our expanding customer base proves the breakthrough our technology has had in Norway this year
StatoilHydro has submitted an application for new production licenses both in the Barents Sea and the Norwegian Sea in the 20th licensing round on the Norwegian continental shelf. The application deadline was Nov. 7. “In order to clarify the resource base and realize the full potential of the Norwegian continental shelf, it is crucial to have access to new acreage," says Tim Dodson, head of explorations on the Norwegian continental shelf. "
Statoil has awarded Aker Solutions early phase studies for all their recent major discoveries on the Norwegian Continental Shelf; the Skrugard and Havis fields in the Barents Sea and the Johan Sverdrup discovery in the North Sea. Contract values are undisclosed. The past year has been unique, with Johan Sverdrup (formerly named Aldous/Avaldsnes) as the largest out of several new discoveries in mature areas in the North Sea, and the renewed optimism for exploration in the Barents Sea
A poll conducted at the Offshore Northern Seas (ONS) conference in Stavanger has revealed that industry professionals see Arctic exploration as a viable solution to Norway’s declining oil production rates. 74% of participants said that the development of sizeable reserves in Arctic waters offshore Norway could reverse the country’s diminishing North Sea production rates by 2030. By contrast, only 26% of participants felt Norway would not be able to abate the decline through Arctic
Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strategic cooperation agreement signed on 25 April 2012. The executives in charge of the two companies’ upstream, downstream and offshore projects and the CEO of Saipem were also present at the meeting. As part of the agreement, Eni and Rosneft will form joint ventures (Eni 33
Semisubmersible floating platform will be used to transport special material decommissioned by the Russian Navy Itarus, the semisubmersible floating platform built by Fincantieri for the Russian RosRAO, the Federal State Unitary Enterprise for radioactive waste management
The semisubmersible floating platform will be used to transport special material decommissioned by the Russian Navy Trieste, 3 March 2016 – “Itarus”, the semisubmersible floating platform built by Fincantieri for the Russian RosRAO
Oil firm Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic, having curbed activity due to the oil price slump, the firm's exploration chief for Norway told Reuters.
Norwegian oil major Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X. The concept was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil.
The vessel, named "Pechora" eighth day of September was launched at a shipyard in Istanbul. The new sea trawler will be released in 2016. It will replace the outdated fleet of seven collective farms, which are included in the Nenets rybakkolhozsoyuz
Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude in a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky. Shell has spent about $7 billion on exploration in the waters off Alaska so far and
Employees of the Institute of Sea Research spotted 17 species of blue whales in the Barents Sea in the area of Svalbard. Animals returned to the region after a century of absence. On these meetings the giant cetaceans reported this summer, coast guard ships, and even cruise ships
Using a new net, marine biologists from the Alfred Wegener Institute have, for the first time, been able to catch polar cod directly beneath the Arctic sea ice with a trawl, allowing them to determine their large-scale distribution and origin
In a new study, researchers from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI) show for the first time that marine litter can even be found at the sea surface of Arctic waters. Though it remains unclear how the litter made it so far north
New semisubmersible floating platform will be used to transport special material decommissioned by the Russian Navy Itarus, the new semisubmersible floating platform built to transport Russia’s nuclear materials, was launched at a ceremony on November 19 at Fincantieri’s
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company for the provision of 3D EM data from the multi-client data library over the Norwegian Sea and the Barents Sea. The company did not reveal the name of the client, however
Italy's ENI got a conditional consent to start using its floating oil production and storage facility (FPSO) at the world's northernmost oil field in the Norwegian sector of the Barents Sea, Norway's Petroleum Safety Authority said on Tuesday.
Norwegian oil major Statoil plans to develop its Arctic Johan Castberg oilfield after having cut costs by half, with a decision on investments in 2017, its chief executive said on Tuesday. Worried by high costs of operating in the remote Arctic Barents Sea
Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The order is a call-off by Statoil on an engineering contract for Johan Castberg won by Aker
Company "MyArctic-expeditions" organize the first women's expedition to the Arctic Ocean. The expedition will start on March 5 in the capital of the Nenets Autonomous Okrug - Naryan-Mar - and will last until 9 March. Participants will travel by snowmobile