Edvard Grieg News

Crude oil loading at Equinor's Sture export terminal on Norway's west coast was interrupted on Thursday after activists from the Extinction Rebellion group breached the facility's safety zone, the company said.Equinor halted the loading of the TS Bergen Aframax vessel, but other operations were not affected, a company spokesperson said.Sture is a major export facility for crude, which arrives by pipeline from several offshore fields including Equinor's Oseberg, Lundin Energy's Edvard Grieg and Aker BP's Ivar Aasen, according to Equinor's website.Activists entered the terminal's safety zone wit

In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits under a U.N.-sponsored program called CORSIA.Carbon credits…

Norwegian offshore vessel operator Island Offshore has recently set what it says is a world record with its deep-water installation vessel Island Victory during pre-laying of anchors at Lundin Energy's Solveig field in the North Sea, off Norway."The anchors are fastened by pulling them with such great force that they embed themselves into the seabed. In cases where a significant degree of force is needed this is done "in tandem" by two vessels. Island Victory, however, did it all on her own!…

Norwegian offshore support vessel owner Island Offshore has awarded a contract to Kongsberg Maritime to supply turnkey hybrid battery solutions for three platform supply vessels.Two vessels Island Crusader and Island Contender, previously operated with a combination of Bergen LNG engines and Bergen Diesel engines, while the Island Commander deploys four diesel engines. Now, they will be equipped with battery packs and shore connections."The conversion of all three into hybrid…

The fire in the engine room of the crude oil tanker Dubai Harmony moored at Equinor’s Sture terminal in Øygarden municipality on the west coast of Norway near Bergen has now been extinguished.At 1102 this morning, Equinor's alarm center received reports of a fire in the engine room on board Dubai Harmony, which was loading at the quay at the Sture terminal.The fire has now been extinguished and the fire service is continuing to cool the area where the fire took place.The 102 people who were at the Sture terminal were evacuated from the terminal when the incident occurred as a precaution, while only personnel with emergency tasks remained…

A fire onboard an oil tanker at Norway's Sture crude export terminal has been put out, the fire service told Reuters on Friday.The fire broke out in the engine room of the Dubai Harmony tanker during loading at the Equinor oil terminal on Norway's west coast, according to rescue services and police.No one was injured, and the terminal's output was not affected by the incident, although there was a partial evacuation of staff."The head of the response team on the site confirms that the fire was put out at 1257 CET (1057 GMT)…

Rosenberg WorleyParsons has been awarded an engineering, procurement, construction and installation contract (EPCI) by Lundin Norway ASO in the Norwegian Continental Shelf.The services include planning, engineering, prefabrication, offshore installation and commissioning support. The objective of the modification is to prepare Lundin’s Edvard Grieg platform to receive and process oil and gas from nearby offshore fields.The project starts immediately and has a duration of two and a half years. The services will be executed from WorleyParsons Rosenberg in Stavanger.“WorleyParsons is proud to be selected to execute this important brownfield modification project for Lundin Norway”…

An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields.The frigate, which recently took part in a major NATO military exercise, was aground and tilting on one side, live television pictures showed. The Norwegian military was attempting to save the ship."We are working on stabilizing the vessel…

Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline of heating gas to Europe — after an early morning collision between a $440-million frigate and an oil tanker.The frigate Helge Ingstad, now listing heavily to its port side, is loaded with torpedoes and weapons systems said to be unstable as a result of the collision. Eight navy personnel are said to be injured, including two flown to regional hospital…

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps, heat and pressure sensors, maintenance records and even staff rotas to improve efficiency and safety.Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor, Sweden's Lundin Petroleum, has even agreed to share its real-time oilfield data with Aker in what they say is an industry first."This will be the first time two different operators…

Karl-Petter Løken has been appointed President and Chief Executive Officer (CEO) for the international contracting company Kvaerner. Løken succeeds Jan Arve Haugan, who left Kvaerner for a position at Aker Energy. Kvaerner's EVP & CFO Idar Eikrem will continue as interim CEO until Løken steps into the role this spring after ending his current position as head of Project Development for Lundin Norway. Since 1991, Løken has held positions in the oil and gas industry for companies like Statoil, Aker Solutions and Lundin Norway.

Statoil ASA has acquired 37,101, 561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and votes, at a total purchase price of approximately SEK 4.6 billion. The investment in Lundin Petroleum will increase Statoil’s indirect exposure to core assets on the Norwegian Continental Shelf (“NCS”). “We consider this a long term shareholding. The Norwegian Continental Shelf is the backbone of Statoil’s business, and this transaction indirectly strengthens our total share of the value creation from core, high value assets on the NCS, ” says Eldar Sætre, president and CEO of Statoil ASA. Statoil is continuously looking to enhance value creation. In recent years Statoil has farmed down in certain mature assets on the NCS to realize value for new investments.

Semi-submersible accommodation vessel owner and operator Prosafe informs that Lundin Norway AS has exercised an option to prolong the provision of semi-submersible accommodation vessel Safe Boreas at the Edvard Grieg Project in the Norwegian sector of the North Sea.   The one-month option extends on site operations through mid-December 2015 and has a total value of approximately $10 million. In addition, Lundin has a further one-month option.

Statoil ASA has signed an agreement to divest minority interests in the Gullfaks and Gudrun fields offshore Norway and exit the non-core, non-operated Schiehallion and Rosebank fields, West of Shetlands. In addition to the cash consideration of USD 2.65 billion, the transaction with Austrian oil and gas company OMV includes a contingent payment and involves a partnership between the two companies. Statoil reduces its ownership share in Gullfaks from 70 % to 51 % and from 75 % to 51 % in Gudrun, and retains its operatorships on both fields. "Through this transaction, Statoil captures value created through asset development and unlocks capital for investment in high return projects in core areas. This includes our recent discoveries on the Norwegian continental shelf.

EMAS AMC, the subsea services division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, was awarded an engineering, procurement, construction and installation (EPCI) contract, valued at approximately US$165 million, from Det norske oljeselskap ASA, an exploration and drilling operator on the Norwegian Continental Shelf. The contract is for rigid pipe-lay and related subsea work, in the Ivar Aasen field in the Norwegian North Sea.

Statoil ASA (OSE: STL, NYSE: STO) has signed an agreement to exit the Brage licences, farm down in Gjøa and Vega and acquire a 15 % stake in the Edvard Grieg licence near the Johan Sverdrup field in the North Sea. This transaction with the German oil and gas company Wintershall gives Statoil net proceeds of USD 1.45 billion, and begins a strategic partnership between Statoil and Wintershall. The consideration to be paid by Wintershall includes a contingent consideration of USD 100 million relating to the production on Vega. "This transaction realizes significant value for our shareholders, demonstrates the value of our NCS portfolio, and further enhances the financial flexibility of Statoil.

Norway's Kværner ASA contracted to perform Edvard Grieg field (in the North Sea) offshore hook-up and commissioning assistance. Lundin Norway AS has confirmed an option in the Edvard Grieg topside contract for Kvaerner to perform the offshore hook-up and commissioning assistance. Estimated value is NOK 525 million. Kvaerner was in May awarded a contract by Lundin Norway AS to perform engineering, procurement and construction (EPC) of the topside for the Edvard Grieg platform, with an estimated contract value of NOK 8 billion. Lundin Norway AS has now confirmed an option in the contract to perform offshore hook-up and commissioning assistance, which will add approximately NOK 525 million to the contract value.

On May 3, 2012 Kvaerner ASA announced its intent to use Aker Solutions as a sub-contractor for its engineering, procurement and construction (EPC) contract for the topside for the Edvard Grieg platform (formerly Luno). The field is operated by the Swedish oil and gas exploration and production company Lundin. Aker Solutions will deliver design engineering and procurement services from the company's offices in Oslo, Norway and Mumbai, India, with support from Kvaerner. Fabrication and assembly of the 4 500 tonne process module will be conducted by Aker Solutions' yard in Egersund.