PGNiG Acquires Duva Field in Norway
PGNiG Upstream Norway, a subsidiary of Polish Oil and Gas Company (PGNiG), has obtained a final administrative consent to purchase additional 10% interests in the PL636 and PL636B licences in the North Sea.Following the transaction, PGNiG Upstream Norway’s (PUN) interests in both licences increased to 30%. As a result, the volume of Duva field gas production attributable to the Company will rise to 0.2 bcm per year.“Acquisition of fields on the Norwegian Continental Shelf is one of the investment priorities of the PGNiG Group.
Solvberg Appointed NPD Director General
The Norwegian Petroleum Directorate (NPD) has announced the appointment of Ingrid Solvberg as Director for the Norwegian Sea and Barents Sea, replacing Bente Nyland.According to a note from NPD, Sølvberg was appointed by the King in Council on 11 October. The Ministry of Petroleum and Energy has not yet set the date for the transition.The director general position in the NPD is posted as a fixed term engagement of six years, with the option of an additional six-year period. Bente…
NPD Opens Registration for Popular Course
Norwegian Petroleum Directorate (NPD) informed that candidates can now register for “Course for the industry" (Kurs for næringen) which will be held on 14 November in our offices in Stavanger. The registration deadline is 8 November.The course provides an introduction to the Norwegian Petroleum Directorate’s roles and tasks, and how our work affects your working day in the oil and gas industry.This is a popular course that has received good feedback from the participants in the three previous courses, it said.Torhild S.
NPD Completes Seabed Minerals Expedition
The Norwegian Petroleum Directorate (NPD) announced that it has just completed a successful data acquisition expedition on the Mohns Ridge in the north-western Norwegian Sea, using the Seabed Constructor vessel.According to the Norwegian government agency responsible for the regulation of the petroleum resources on the Norwegian continental shelf, during the four-week expedition, the NPD has made several discoveries of previously unknown sulphide deposits, and collected data covering large areas.
NPD in New Search for Minerals
For the next month, Jan Stenløkk will trade his office in Stavanger for the vessel "M/V Seabed Constructor" in the Norwegian Sea.On this voyage, the geologist will continue the task of mapping seabed minerals for the Norwegian Petroleum Directorate on behalf of the Ministry of Petroleum and Energy – which is responsible for managing the minerals."The voyage will go to the volcanic Mohns Ridge between Jan Mayen and Bjørnøya, a sea area that is still virtually unexplored. It’s exciting that the NPD has been given the task of exploring the geology and the deposits…
Great Ships of 2018: #3 Future of the Fjords
As the marine industry ponders decarbonization, the world’s first all-electric and completely emissions-free ship, Future of the Fjords delivers. Future of the Fjords was commissioned as part of the shipowner’s program of fleet renewal with the backing of Fjord1, the largest ferry operator in Norway, and of Flåm AS, the company that promotes tourism in the Flåm area, to provide vessels that deliver optimal passenger experiences with minimal environmental impact.Constructed by specialist shipbuilder Brødrene Aa…
Maritime Decarbonization: The Path Starts in Norway
Breaking new ground: the all-electric, zero-emissions Future of The FjordsNorwegian cruise vessel offers amazing tourist experience while protecting fragile UNESCO World Heritage environmentFuture of the Fjords, the world’s first all-electric and completely emissions-free ship, launched in April this year by Norwegian tours operator The Fjords, is now operating as a cruise vessel on the spectacular Gudvangen to Flåm route along the Nærøyfjord, Sognefjord and Aurlandsfjord of western Norway.
Future of the Fjords: New Zero Emission Passenger Vessel
The Fjords DA has confirmed that is building a sister ship to the diesel-electric plug-in hybrid Vision of the Fjords, launched in 2016. However, unlike its predecessor, this 42m long carbon fibre vessel will be all electric and completely emission free. The Future of the Fjords is slated for launch in April 2018. Currently under construction at specialist shipbuilder Brødrene Aa, the new vessel retains Vision of the Fjords’ eye-catching ‘mountain path’ design and environmentally friendly build, with a hull that minimizes wake and reduces shoreline impact erosion.
Wärtsilä to Replace OSV’s Generator with Batteries
Wärtsilä informs it has signed an agreement with Norway’s Eidesvik Offshore to install a hybrid system with batteries on board of its offshore supply vessel (OSV) Viking Princess. Batteries will reduce the number of generators on board Viking Princess, and the new energy storage solution will improve engine efficiency, generating fuel savings and reducing greenhouse gas emissions, Wärtsilä said. The five-year-old Viking Princess, which provides supplies to oil rigs in the North Sea and Barents Sea, runs on four LNG-powered Wärtsilä engines.
MOL Group Expands its Exploration Portfolio
MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired 4 licences in the Norwegian Continental Shelf, one of which with operatorship. These successes significantly contribute to the implementation of the MOL 2030 strategy. MOL has won 6 new licences in the fourth…
Norway Awards 4 APA Licensing to MOL
The Norwegian Ministry of Petroleum and Energy has announced the results of the APA (Award in Pre-Defined Areas) licensing round, which granted four licences to MOL Norge on the Norwegian Continental Shelf. MOL Group’s Norwegian subsidiary, MOL Norge participated in the second APA licensing round since MOL Group entered Norway in 2015. The awarded licences are located in MOL Norge core areas. “MOL Group unveiled a 2030 long-term strategy that targets that Exploration and Production should be a self funding and value generating business even in a low oil price environment.
Seismic Cooperation in Barents Sea Gives New Perspectives
Statoil and its partners have completed their joint seismic acquisition project in the south-eastern Barents Sea. New forms of cooperation have ensured resource-efficient acquisition. “We are pleased to have found a form of cooperation that has ensured good quality data sets and low acquisition costs. This warrants rethinking and exploring new business approaches and forms of cooperation in order to reduce costs and work more efficiently also elsewhere,” says Jan Helgesen, Statoil’s head of geophysical operations.
Statoil’s Fast-tracks Oil & Gas Production
Statoil’s fast-track development projects are increasing the company’s and partners’ oil and gas production through a combination of standardised subsea development solutions and utilisation of infrastructure in a manner which helps extend the lifetime of existing fields. Production start-up on Fram H-North and Svalin C marks the eighth and ninth fast-track development projects for Statoil. "Together with partners, authorities and suppliers we have been able to develop standardised technical solutions and methods of interaction that yield increased production from the Norwegian shelf…
Rex International Wins 5 Offshore Norway Licenses
The Group’s portfolio of licenses increased to 21, well ahead of its target of 20 licences by July 2014. Rex International Holding Limited (“Rex International Holding” orthe “Company”, and together with its subsidiaries, the “Group”), has announced that its jointly-controlled entity, Lime Petroleum Norway AS (“Lime Norway”) has been awarded five newoffshore licenses in the 2013 Awards in Predefined Areas (APA 2013), according to a Norwegian Ministry of Petroleum and Energy press release dated 21 January 2014. The APA 2013 saw 48companies being offered participation in a total of 65 new production licenses on the Norwegianshelf; a new record both in the number of production licenses and the number of companies.
Lime Petroleum Receives Approval for Acquisition
Rex International Holding said its 65% indirectly owned subsidiary, Lime Petroleum Norway AS, has received approval from the Norwegian Ministry of Petroleum and Energy for the acquisition of 10% interest in each of the two offshore licenses, PL 707 and PL 708, from North Energy ASA. Lime’s 10% interest in each of PL707 and PL708 will become effective from November 29, 2013. The acquisition of the 10% interest in the two licenses is a result of the cooperation agreement between Lime and North Energy. Both concessions are located in the Barents Sea, in proximity to the coast on the Finnmark East platform. PL707 covers an area of about 982 square kilometers while PL708 covers an area of about 507 square kilometers.
Arctic OIl Research Center to be Established
The initiative was presented recently at the Arctic Energy Agenda , a meeting of top energy representatives from a number of countries and companies. At the meeting, the Norwegian Minister of Petroleum and Energy Ola Borten Moe also presented key facts about the 22nd Norwegian License Round , which includes as many as 78 new blocks in the Barents Sea. “The expanding petroleum activities in the High North will be strengthened with the development of knowledge and new technology”, the minister says. “Our objective is that academic environments and industry in the North cooperate about the generation of knowledge linked with Arctic challenges”, he adds.
Statoil's Q1 2011 Results
Statoil's first quarter 2011 net operating income was NOK 50.7 billion, a 28% increase compared to NOK 39.6 billion in the first quarter of 2010. The quarterly result was mainly affected by a 33% increase in the average prices for liquids measured in NOK, a 20% increase in average gas prices, and a 12% decrease in liftings, when compared to the same period last year. "In the first quarter of 2011 we delivered good financial results and passed important industrial milestones. Through the Skrugard discovery and the new acreage awarded Statoil in the Barents Sea…
Green Light to Skuld
The Ministry of Petroleum and Energy has given the green light to the plan for development and operation (PDO) of Skuld, a fast-track development tied in to the Norne field in the Norwegian Sea. Skuld is Statoil’s fifth approved fast-track PDO, and the largest fast-track development so far. All of these fields are scheduled to come on stream by year-end 2012/early 2013.In combination, the approved fast-tracks are expected to produce almost 90.000 barrels of oil equivalent per day in 2014, Skuld accounting for more than half of this.
Owners of North Sea Field Sign Pre-Unit Agreement
Under an agreement, the owners of production licenses 265 and 501 will cooperate in the planning of the Johan Sverdrup field toward an investment decision and submission of the Plan for Development and Operation (PDO). Statoil is appointed the working operator. The work will form the basis for developing and establishing the best field solution for Johan Sverdrup. An agreement for the development and operational phase will be signed between the licensees ahead of the submission of the PDO to the Ministry of Petroleum and Energy. The development of the Johan Sverdrup field is one of the main undertakings on the Norwegian continental shelf (NCS) in the years ahead, and a high-priority project for all partners in the licenses.
Alve Field on Stream
The Alve gas and condensate field in the Norwegian Sea started production yesterday afternoon, 19 March. Alve is developed as a subsea satellite field tied back to the Norne field's production vessel. Alve was discovered in 1990. The find led to the discovery of the Norne oil and gas field which was proven in 1992 and brought on stream in 1997. "Its proximity to Norne made it possible to develop Alve as a satellite field, which resulted in substantial value creation and good utilization of resources," said Anita A Stenhaug, vice president for Norne operations.
Proposed Name Change, Statoil ASA
The board of directors of StatoilHydro will propose to the company’s Annual General Meeting on 19 May that the company name be changed to Statoil ASA. On 27 February this year, the board of directors received a letter from the Norwegian Ministry of Petroleum and Energy which stated that “the Norwegian State at the Annual General Meeting will only vote for proposals which include the name Statoil, either alone or as the dominating part of a new name”. ”The question of the company’s name is to be decided by the owners at the Annual General Meeting…
Nielsen Resigns from StatoilHydro
Kurt Anker Nielsen has informed StatoilHydro’s nomination committee that he is resigning from his position as board member on March 25, with immediate effect as a result of the way the Ministry of Petroleum and Energy has handled the issue relating to the company name. Kurt Anker Nielsen was a board member of Norsk Hydro from 2004 to 2007. He has been a member of the board, and chair of the board's audit committee, of StatoilHydro since 1 October 2007. StatoilHydro's nomination committee will immediately start its search for a new member of the board. The board of directors in StatoilHydro is elected by the company's corporate assembly. (www.statoilhydro.com)