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If sources were to be believed, Royal Dutch Shell is planning to farm out some more assets to balance out the BG Group acquisition in 2016. Shell is looking to get rid of its interests in the Caesar Tonga oilfield in the Gulf of Mexico and sell it to Focus Oil. Shell owns 22.5% interest in the field, where Anadarko Petroleum Corp., Equinor ASA and Chevron Corp are the partners.
Norwegian oil giant, Equinor has hired Transocean Norge for drilling six wells on the Norwegian continental shelf (NCS). The contract was signed in an estimated value of $89 million. Drilling services such as slop treatment and cutting handling, and part of the mobilization fee are the services included in the contract. Transocean Norge will initiate drilling start-up in the Tordis, Visund, Bauge and Snorre licenses by the summer of 2019.
Equinor has awarded two drilling contracts to Seadrill Norway Operations Limited which is based on a master framework agreement. Under the scope of this contract, two wells will be drilled in the Barents Sea using West Hercules rig and the operations will start in the spring of 2019. Equinor’s senior VP for Drilling & Well Services has informed that the company has finalized the drilling program for West Hercules.
The energy giant of Norway, Equinor AS has been given a drilling permit by the Norwegian Petroleum Directorate. This permit is for the well 7324/3-1, cf. Section 15 of the Resource Management Regulations. The energy major will be having 55% ownership interest and will work as the operator in the field. The drilling will be from the West Hercules, position 73°57'2,39" North og 24°41'04,86" East.
Norwegian oil giant, Equinor has concluded the installation of the 283-km crude oil pipeline for its Johan Sverdrup project. The pipeline, laid by Saipem’s Castorone, runs through the North Sea to the Mongstad oil terminal outside Bergen, Norway. The Saipem-owned vessel is now preparing to lay the 156-km long natural gas pipeline from Johan Sverdrup to the Statpipe pipeline, shipping gas from the field to Karsto.
Norway’s energy major, Equinor Energy AS has been granted a drilling permit for a well by the Norwegian Petroleum Directorate. Well 6407/11-1 of Resource Management Regulations will be drilled from the drilling facility of the Deepsea Bergen. This will be the first well to be built under the production license 751 which was awarded on Feb. 7, 2014. Equinor will be the operator having 80% of the ownership interest.
Equinor unveiled its plans wherein it will drill over 3,000 wells offshore. The focus of the company is to improve the output from older fields and ensure a prolonged production lifetime of almost 20 installations by 2030. The head of development and production of the company said that they aim to achieve 60% and 85% of the recovery rate of oil and gas fields respectively.
Equinor’s Aasta Hansteen gas field might experience the fastest gas start-up process ever, in the later part of this year. ABB is finalising a suite of pioneering ABB Ability digital technologies for Aasta Hansteen. ABB was required to reduce over 1,000 manual interventions sequence to as few as possible. ABB believes that the developed technology will enable the world’s fastest start-up at first gas.
Norwegian energy giant, Equinor awarded a 3-year extension to BHGE for the subsea services frame agreement on the Norwegian Continental Shelf. BHGE and Equinor have a 40-year old collaboration history, and the contract extension is a manifestation of the trust between the firms. BHGE will keep providing the support for several installations including Troll, Snorre B and Tordis/Vigdis. BHGE will provide services support locally from its Stavanger facility.
Norwegian oil giant, Equinor has awarded Alcatel Submarine Networks with a contract for permanent reservoir monitoring (PRM). PRM refers to permanent installation of seismic sensors on the seabed, providing better images of reservoir changes frequently. The PRM project management will be shared between Johan Castberg and Johan Sverdrup, leading to both synergies and savings. Nexans Norway will act as a subcontractor to Alcatel on the Johan Castberg PRM project.
Norwegian oil giant, Equinor has handed a BOP data monitoring contract to 4 Subsea in a 3-year Master Service Agreement. 4Subsea will process the Blowout Preventer measurement data streamed from offshore drilling rigs of Equinor. The technology provider will also resource well monitoring services and rent sensors to support Equinor’s requirement of collecting, processing, and documenting BOP measurement data.
Norwegian oil firm, Equinor has awarded more work to Aker Solutions and Kvaerner in terms of hook-up and commissioning. The Johan Sverdrup field operator hired Aker and Kvaerner in a £85 million contract for connecting the riser platform’s seven modules. The firms will also perform preparatory work for the second phase modifications of the riser platform.
Norwegian oil giant, Equinor has entered into an agreement with Canadian provinces for $5.2b to carry out a deepwater oil project offshore Canada’s east coast. The provinces of Newfoundland and Labrador are acquiring a 10% equity stake in the Bay du Nord project, expected to possess over 300 million barrels of high-quality crude oil. The project is estimated to generate $10.7b in economic activity and $2.7b in government revenues.
Norwegian oil giant, Equinor, yesterday, entered into an agreement to acquire Danish power and natural gas trading firm Danske Commodities (DC) for $468 million. The acquisition of Danske is in line with Equinor’s strategy to become a broad energy company. Equinor has vowed to spend 15-20% of its CAPEX towards finding “new energy solutions” by 2030. Shareholders and environmentalists are pressurizing oil firms to reduce their global carbon footprint.
The Norwegian Ministry of Petroleum and Energy has approved the Development and Operation (PDO) submitted by the oil major, Equinor for the Snorre field expansion project in the North Sea. The deal closed for approximately £1.8 billion. In what is called the biggest project undertaken in terms of “improved recovery” on the Norwegian North Sea, crude recovery from the Snorre field is projected to increase by almost 220 million barrels.
Norwegian oil major, Equinor has awarded the early well construction work for Johan Sverdrup field to offshore engineering solutions firm, Aquaterra Energy. Aquaterra will engineer and provide with nine complete strings of centralizers, associated equipment and tie-back engineering proficiency. Delivery of work is scheduled in 3Q2018, as production has been planned for late 2019.
Oslo-based Akofs Offshore has bagged Equinor’s light well intervention contract for a period of five years. The estimated worth of the contract is somewhere around NOK 3 billion. The Akofs Seafarer vessel will be used for all Equinor-operated licences in the period 2020 to 2025. The contract includes services such as running of well control package, wireline services, remotely operated vehicle, well logging services and well tractor use.
Norwegian-Equinor has bagged seven licenses in the 24th licensing round for production in the Norwegian Continental Shelf (NCS). The licenses are awarded for a commitment well in the southwestern part of the Barents Sea and interestingly one of the licenses pertains to the deep waters in a frontier part of the Vøring basin, in the Norwegian Sea. Equinor will gather and interpret data before taking any decision about drilling.