Oil Production in Kurdistan is Recovering
Norwegian DNO resumes production at the Tawke field in Iraqi Kurdistan after pipeline supplies from the region to the Turkish port of Ceyhan resumed for further exports The Norwegian DNO, which is developing oil deposits in Iraqi Kurdistan, has announced the resumption of production at the Tawke field. Production was …
Oil Rig Operator Seadrill Doubles Quarterly Net Profit
Norwegian operator of offshore oil platforms Seadrill in the second quarter received a net profit of $94 million, which is 2.2 times higher than in the first quarter, a loss of $36 million was recorded for the same period last year, the company said in a report. Revenue amounted to …
Norway Intends to Open Part of the Shelf for Commercial Production
The Norwegian government is proposing to open up part of the Norwegian continental shelf to commercial mining on the seabed, which would be an important decision for a green transition, the kingdom’s government said in a statement. “We need minerals to successfully implement the green transition. Resources are currently controlled …
Norway Increased Hydrocarbon Production by 10.7% in May
Norway increased the production of oil, condensate and NGL in May by 10.7% compared to the same month last year – up to 2.01 million barrels per day (b / d), according to preliminary data from the Norwegian Petroleum Directorate (NPD). In April, according to revised data, production was 2.05 …
Norway Starts Chasing Arctic Oil and Gas
The Norwegian government is urging energy giants to step up oil and gas exploration projects in remote regions like the Barents Sea in the Arctic, ignoring protests from climate companies as the Scandinavian country seeks to solidify its position as Europe’s biggest gas supplier. Norway overtook Russia last year as …
Norway Starts Chasing Arctic Oil and Gas
The Norwegian government is urging energy giants to step up oil and gas exploration projects in remote regions like the Barents Sea in the Arctic, ignoring protests from climate companies as the Scandinavian country seeks to solidify its position as Europe’s biggest gas supplier. Norway overtook Russia last year as …
Norway Expands Gas Exploration Amid Rejection of Russian Raw Materials
The Norwegian authorities encourage oil and gas companies to intensify exploration and production of hydrocarbons in the Barents Sea. After Russia left the European market, it was Norway that became the largest supplier of oil and gas to the EU The largest oil and gas companies in Norway are intensifying …
Aker BP Enters Into Drilling Agreement with Noble, Halliburton and Odfjell on the Norwegian Continental Shelf
Norwegian oil and gas company Aker BP has entered into agreements with offshore drilling contractors Noble Corporation, Odfjell Drilling and Halliburton for drilling operations on the Norwegian Continental Shelf (NCS). This was reported in Aker BP. Back in 2017, the Aker BP Jack-up alliance was created, which included Maersk Drilling …
Lukoil Awarded Two Licenses in Norway Sector of Barents Sea
Based on the results of the 22nd licensing round conducted by the Norwegian Ministry of Oil and Energy, LUKOIL was awarded two licenses in the Norwegian sector of the Barents Sea. At block 719 (Fingerdjupet Region) LUKOIL holds a 30-percent interest, Britain’s Centrica (operator) – 50% and Norway’s North Energy – 20%. …
GE Acquires PRESENS, Norway-Based Supplier of Industrial Sensors
• Deal Expands GE’s Portfolio of Measurement & Control Solutions • Companies Share a Commitment to Technology and Innovation GE today announced the acquisition of PRESENS, a provider of pressure, temperature and flow measurement solutions. The acquisition expands GE’s portfolio of sensing solutions and will be part of the company’s …