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Aker BP Accedes Nine of Ten Offshore Field Plans, as Troldhaugen Project Discontinued

Mar 21, 2023

Norwegian oil and gas company Aker BP has notified the Norwegian Ministry of Petroleum and Energy that the company has acceded to all the Plans for Development and Operation submitted in December 2022, apart from for one. The Troldhaugen project in the Edvard Grieg area, which represents around four percent of the net estimated resources in these projects, has been discontinued. When an offshore field development decision is made in Norway…

Norway 2023 Oil Industry Spending Set to Jump after Project Rush

Feb 16, 2023

Norway's oil and gas firms have sharply raised their investment forecasts for 2023 after proposing more than a dozen new projects at the end of last year, a national statistics office (SSB) survey showed on Thursday. The country's biggest business sector now expects to invest 187…

Wintershall Dea Targets Record 200,000 boed Production from Norway in 2023

Jan 11, 2023

Germany's Wintershall Dea aims to produce a record 200,000 barrels of oil equivalent per day (boed) from Norwegian oil and gas fields in 2023 and will continue to expand its business there, the head of the company's Norwegian unit told Reuters…

OKEA, DNO Looking at Options to Develop Brasse Discovery

Dec 29, 2022

The Norwegian oil and gas companies OKEA  and DNO Norge have signed a deal for OKEA to enter the offshore license in Norway containing the Brasse discovery, with a 50% stake effective January 1, 2023. Following the transaction, DNO  and OKEA will each hold 50% WI in the (PL740)…

DNO Buys 10% Stake in Berling Offshore Project. PDO Planned by Year End. Brasse Plans Delayed

Dec 19, 2022

The Norwegian oil and gas company DNO said Monday it had acquired an additional 10 percent stake in the Berling field development project from Sval Energi AS. DNO now owns a 30% stake in the 2018 gas and condensate discovery, previously known as Iris Hades offshore Norway…

Norway: Aker BP Board Greenlights $19B Offshore Field Development Projects

Dec 02, 2022

The Norwegian oil and gas company Aker BP said Friday it would vote in favor of submitting Plans for Development and Operation (PDO) for the NOAKA field development project, the Valhall PWP-Fenris project, the Skarv Satellite Project, and the Utsira High projects…

Equinor Gets OK for Bauge Pipelines, Subsea Facilities

Nov 17, 2022

The Norwegian oil and gas company Equinor has received regulatory approval to use new pipelines and subsea production facilities on the Bauge field in block 6407/8 in the Norwegian Sea.The approval was granted by the Norwegian offshore safety body…

Equinor Gets Nod for Extended Production from Mikkel Field

Nov 15, 2022

The Norwegian oil and gas compan Equinor has recently obtained consent for extended operation of the Mikkel field offshore Norway.Under the consent, granted to Equinor by the Petroleum Safety Authority Norway (PSA), Equinor will continue operations at the Mikkel fielduntil 31 December 2039…

Equinor to Issue Complementary Assessment for Wisting Oil Field Project

Oct 24, 2022

The Norwegian energy giant Equinor said Monday it would issue a complementary assessment for the Wisting oil field development in the Barents Sea for public consultation.'The complementary assessment elaborates some key subjects from the impact assessment…

Aker BP Gets PSA Norway Nod to Use Maersk Jack-up Rig in North Sea

Sep 12, 2022

Norwegian oil and gas firm Aker BP has received a Petroleum Safety Authority Norway (PSA) consent to use the jack-up drilling rig Maersk Invincible for drilling activities on the Ivar Aasen field, offshore Norway. The consent includes plugging…

Norway: Valhall Platform Module Deal Goes to Rosenberg Worley, Potentially Creating 1000 Jobs

Aug 26, 2022

Norwegian oil and gas company Aker BP and its alliance partner, engineering and construction firm Aker Solutions, have awarded Rosenberg Worley a letter of intent for the construction of two modules for the new central platform on the Valhall field in the North Sea…

Odfjell Drilling Bags Five-year Deal for Deepsea Stavanger Rig

Aug 24, 2022

Norwegian offshore drilling company Odfjell Drilling has secured a five-year contract with Aker BP ASA for its Deepsea Stavanger semi-submersible drilling rig, for drilling programs scheduled to start in early 2025.The day rates for the contract will be market-based…

Norway's Oil and Gas Firms Raise Spending Forecasts

Aug 18, 2022

Norway's oil and gas firms have raised their investment forecasts for 2022 and 2023 as they plan to explore more and develop new projects, a national statistics office (SSB) survey showed on Thursday.The country's biggest business sector now expects to invest 172…

Life Extension Green Light at Tambar

Jul 29, 2022

Norway's Petroleum Safety Authority Norway has given operator Aker BP consent for life extension of the Tambar field in the Norwegian North Sea.The Tambar field is part of production license 065, for which Aker BP is the operator. Consent includes…

Norway Approves Aker BP's Frosk Field Development Plan. First Oil in 2023

Jul 08, 2022

The Norwegian Ministry of Petroleum has approved Aker BP's plan for the development and operation of the Frosk field in the Alvheim area, in the North Sea, offshore Norway.The Frosk field, discovered in 2019, is located around 25 kilometers southwest of the Alvheim FPSO…

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Source: OPEC+ will agree to another accelerated increase in oil production for June
Bloomberg News reports that Adani representatives meet Trump officials to try and end US bribery.
Sources say that OPEC+ is set to increase oil production again in June.
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