Equinor News

08 Feb 2019

Aker Solutions Revenues Up 8%

Luis Araujo, CEO, Aker Solutions

Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with approximately $5.2 billion worth of contracts currently in the bid phase.In analyzing the results…

04 Feb 2019

Equinor Gets Extension for Norne FPSO

The Norne FPSO in the Norwegian Sea. Image: Equinor (Photo: Anne-Mette FjĂŚrli)

The Norwegian Petroleum Directorate (NPD) has granted consent to Equinor for the extension of production on Norne FPSO with associated facilities for the Norne, Urd and Skuld fields in the Norwegian Sea.Lifetime extension granted for FPSO is for four years to March 2026, as the operator eyes additional 132m barrels from Norwegian Sea field.In its application for extension, operator Equinor has described an improved drainage strategy for the Norne field and the nearby Urd and Skuld fields.The Norne, Urd, Skuld, Alve and Marulk fields are tied in to the Norne ship.

31 Jan 2019

Record Year for US Wind Energy

Image: Bureau of Ocean Energy Management

American utilities signed contracts for 4,304 megawatts (MW) of wind power in 2018 that, when combined with non-utility purchases, reached the highest level on record for overall Power Purchase Agreements (PPA) activity with 8,507 MW in 2018.In total, the industry commissioned 7,588 MW of wind power capacity in 2018. There are now 96,488 MW of cumulative installed wind capacity in the United States, with more than 56,800 wind turbines operating across 41 states.According to a new report released today by the American Wind Energy Association (AWEA)…

29 Jan 2019

New Design for Liquid Hydrogen Bunkering Vessel Unveiled

Pic: Wilhelmsen

Design and engineering services company Moss Maritime has, in cooperation with Equinor, the global maritime industry group Wilhelmsen and DNV GL, developed a design for a liquefied hydrogen (LH2) bunker vessel.The vessel design comes at a time when hydrogen is developing into a viable solution. Liquefied hydrogen at a temperature of -253°C is expected to offer advantages over pressurized hydrogen gas in relation to transportation costs.The future large scale use of hydrogen in…

23 Jan 2019

Carbon Trust to Make Offshore Wind Vessels Greener

Image: Carbon Trust JobsContact

The Carbon Trust's Offshore Wind Accelerator (OWA)  issued a Request for Information (RFI)  on the potential to reduce emissions and fuel consumption in offshore vessels. OWA plans to start a new industry competition next month.The RFI is the first stage in the competition that will have an estimated funding envelope of circa GBP 400,000.The results from the RFI will help gauge the current interest and development levels, and assist efforts to tailor the competition to best suit industry needs.The initial focus will be on systems…

07 Jan 2019

Sentinel Marine Adds Three New Emergency Response and Rescue Vessels

Rory Deans. Photo: Sentinel Marine

UK-based offshore support firm Sentinel Marine has announced that it will create 80 new jobs by adding three multi-role ships to its fast-growing fleet.The Aberdeen-based firm is investing in the region of GBP36 million in the trio of new builds, which will come into service by the end of 2020.The offshore support vessel specialist said that the ships - Cromarty Sentinel, Trafalgar Sentinel and Viking Sentinel – are an enhanced version of the emergency response and rescue vessels…

15 Jan 2019

Equinor Extends Esvagt Contract

Image: Esvagt

Norwegian multinational energy company Equinor ASA and the provider of emergency rescue and response vessels Esvagt have extended their cooperation in the southern part of the Norwegian sector.The vessel provider said on Tuesday that the cooperation with Equinor was extended by a minimum of three years."Over the next three years, the Esvagt Bergen and the Esvagt Stavanger will be servicing Equinor in the southern part of the Norwegian sector," it said.Eight years of mutual trust and cooperation are about to be extended…

21 Jan 2019

Equinor Pushes Shore Power, Cuts CO2

Equinor has 13 supply vessels in its contract portfolio that are ready for shore power supply, including Rem Eir from Remøy Shipping, whose contract with Equinor was recently extended by three years. (Photo: Vidar Hardeland / Equinor ASA)

Norwegian oil major Equinor said that NorSea opened a shore power supply station at the Dusavik supply base in Stavanger, Norway, on January 18."The base is the latest in a string of supply bases where vessels operating on Equinor contracts are offered shore power for hotel needs while at berth and to charge their onboard batteries," said a press statement.Shore-to-ship power supply is one of several measures to reduce emissions in logistics. Thirteen supply vessels on long-term contracts with Equinor have installed shore power systems on board…

22 Jan 2019

Tanker Tech: TMC for Roncador Tankers

(Photo: Knutsen NYK Offshore Tankers AS)

TMC Compressors of the Seas (TMC) has signed a contract to supply complete marine compressed air systems for two shuttle tankers that Hyundai Heavy Industries (HHI) is building for Norwegian tank operator Knutsen NYK Offshore Tankers (KNOT).The two 153,000 DWT DP2 shuttle tankers will be built by Hyundai Heavy Industries at their shipyard in South Korea and delivered in 2020. Following delivery, the vessels will operate in Brazil, under a long-term charter with energy major Equinor ASA (formerly Statoil ASA).Under the contract…

13 Dec 2018

Dudgeon Offshore Wind Bags $1.77B Refinancing

Image: Dudgeon

One of the world’s largest offshore wind projects, the 402-megawatt (MW) Dudgeon offshore wind farm in the U.K., announced the signing and pricing of privately placed notes for the refinancing of the project’s existing non-recourse project debt, with financial close expected next week. The original financing for Dudgeon was successfully closed in May 2016.The refinanced debt consists of approximately GBP1.27 billion ($1.77 billion) in fully-amortizing senior-term loans, comprising around GBP561 million in commercial debt and a GBP706 million private placement of senior secured notes…

14 Dec 2018

Norway Postpones Decision on Arctic Oil Terminal

The Johan Castberg oilfield is expected to start producing in late 2022 (Image: Equinor)

The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday.If built, the onshore Veidnes terminal would receive crude via a pipeline from Equinor's offshore Johan Castberg oilfield, which is expected to start producing in late 2022.Equinor originally ditched plans for an onshore terminal in order to save costs, preferring instead to load oil on to crude tankers at the field before exporting it to global markets.Parliament earlier this year u

15 Dec 2018

BOEM "Blown Away" by Record U.S. Offshore Wind Auction

 A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.. Photo: 
Š benoitgrasser/AdobeStock

A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau of Ocean Energy Management (BOEM) announced the sale's three winners - Equinor Wind US LLC, Mayflower Wind Energy LLC, and Vineyard Wind LLC, at the conclusion of the two-day sale that attracted 11 bidders and lasted 32 rounds.Mayflower is a joint venture owned by Shell and EDP Renewables, a division of Portugal's EDP.

18 Dec 2018

Lithuania Plans to Buy an FSRU

(Photo: Hoegh LNG)

Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas.Klaipedos Nafta is currently leasing a floating storage and regasification unit (FSRU), called Independence, from Norway's Hoegh LNG.The use of the vessel has allowed Lithuania to import LNG since 2014, breaking the monopoly Russia's Gazprom had on natural gas supply to the country as well as neighboring Latvia and Estonia."This will keep us able…

19 Dec 2018

Ocean Installer Clinches Johan Castberg Deal

Image: Equinor

Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the floating production storage and offloading unit (FPSO) mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea.Johan Castberg is one of the largest subsea field developments on the Norwegian continental shelf. The project includes Skrugard, Havis and Drivis, which lies about 240 kilometers from Hammerfest and about 100 kilometers north of Snøhvit.The water depth is between 360 and 405 meters.

19 Dec 2018

SHI Delivers Johan Sverdrup Offshore Platform On Schedule

Johan Sverdrup offshore platform leaving SHI Geoje shipyard. Photo: Samsung Heavy Industries

South Korean shipbuilder Samsung Heavy Industries (SHI) has successfully completed the processing platform (P1) for Johan Sverdrup Field development and delivered it to Equinor according to the scheduled delivery date stated in the original contract.SHI has secured Contract worth 650 billion won ($ 5.84m) from a Norwegian energy company Equinor in 2015 to build the large oil production platform, measuring 136m long, 69m wide and 72m high, and weighing 28,100 tonnes.Reflecting…

11 Dec 2018

Verus Petroleum Mulls 12-Fold Production Growth

Alan Curran. Photo: Verus Petroleum

Aberdeen, UK-based Verus Petroleum has secured a 12-fold increase in its production – from 1,500 to 18,000 barrels per day in less than a year – with the closing of three recent acquisitions on the UK Continental Shelf.A press release from the petroleum exploration and production services provider said that it  has recently completed three significant acquisitions; an interest in the Babbage gas field acquired from Premier Oil on 6th December, on the back of completing transactions…

13 Nov 2018

Solstad Offshore Bags More Contracts in Brazil

Normand Pioneer. Image: Solstad Offshore

Norwegian offshore service and supply ship shipping company Solstad Offshore has entered into a contract for the CSV Normand Pioneer (1999, CSV, 286t BP) with Queiroz Galvão Exploração e Produção S.A in Brazil.The contract has a duration of two years firm and in addition charterer holds two yearly options. The contract will commence in 1q 2019 and shall support production at the “Atlanta Field” in Santos Basin.Normand Pioneer will replace the AHTS Far Sagaris, who presently have this position…

13 Nov 2018

Norwegian Frigate Nearly Submerged After Collision

(Photo: Norwegian Navy)

A Norwegian navy frigate that collided with an oil tanker last week was almost completely submerged on Tuesday despite efforts to salvage the sinking vessel, pictures taken by the Norwegian Coastal Administration showed.The ship's plight off the Norwegian coast is, however, not disrupting the nearby Sture crude oil export terminal. "We are in normal operations," said a spokeswoman for the plant's operator, Equinor.The Norwegian military has been working since Thursday to salvage the ship by tethering it with several cables to the shore.

21 Nov 2018

Johan Castberg Topside Construction Begins

(Image: Equinor)

Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale  project triggering ripple effects throughout Norway.The topside will be installed on the 200-meter long FPSO vessel that will be producing on the Johan-Castberg field for 30 years from the planned production start in 2022.The field development concept includes a FPSO vessel and extensive subsea development…

22 Nov 2018

Norway's Equinor strikes LPG Deal with Malaysia

Image: Equinor

Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang, in South-East Asia.According to statement from the petroleum and wind energy company, GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021. Equinor will bring LPG to the terminal and sell into the domestic market in Malaysia as well as selling volumes to markets like Bangladesh…

22 Nov 2018

Equinor Energy Strikes Gas in Barents Sea

Image: Equinor Energy

Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion.The discovery’s profitability is currently unclear, said a statement from the Norwegian Petroleum Directorate (NPD)."Equinor Energy AS has completed the drilling of wildcat well  about 15 kilometres northwest of discovery well (Atlantis) and 370 kilometres north of Hammerfest.

09 Nov 2018

Solstad Tallies Equinor Contracts

Normand Skipper (Photo: Solstad Offshore)

Norwegian owner Solstad Offshore ASA informs it has been awarded a contract from Equinor for the two-year charter of the 2005-built platform supply vessel (PSV) Normand Skipper, and an extension for the 2013-built PSV Sea Falcon, for work in the U.K.The 92-meter Normand Skipper will commence in November or December 2018, Solstad said. The contract with Equinor UK Limited includes up to two years of options after the initial firm period.In addition, Equinor exercised a one-year option on the present Sea Falcon contract…

05 Dec 2018

Equinor, Faroe Petroleum in Asset Swap

Image: Faroe Petroleum

Britain's Faroe Petroleum has agreed to swap oil and gas fields with Norwegian state firm Equinor as it fights a hostile takeover from Norwegian oil and gas operator DNO.It appears that Faroe in fight-back mode after DNO’s so-called ‘opportunistic’ bid.The oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK said in a press note that it has signed a binding agreement with Equinor Energy to swap its interests in the Njord…

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