Norway/NCS ///

Lundin Energy explores potential $10 billion sale

Nordic oil producer Lundin Energy AB is exploring a potential sale that could rank as one of the largest European oil and gas deals in years, people with knowledge of the matter said.

Neptune owners seek offers for its $5 billion gas exploration unit

Neptune Energy Group Ltd.’s owners are weighing plans to sell the UK oil and gas explorer, according to people familiar with the matter.

Novel combined chemical product increases production and reduces costs

Dr. Alfred Hase, Laura Crombie, ChampionX

During a recent North Sea project, production had been constrained on an operator’s normally unmanned installation to meet H2S specifications. A bespoke solution was developed, capable of protecting the NUI against hydrates while ensuring efficient scavenging of H2S.

Equinor awards Aker Solutions major FPSO FEED contract

Equinor has signed a contract with Aker Solutions for front-end engineering and design (FEED) of a floating production and storage vessel for the Wisting field. Valued at around NOK 350 million, the study includes an option for engineering, procurement, construction, and installation calculated at NOK 8-12 billion.

Equinor increases gas exports, sacrificing some oil output

Equinor ASA is boosting natural gas exports to ease Europe’s supply crunch, sacrificing some oil production in the process.

Norway comes out ahead as European gas prices surge

Europe’s energy crisis and a spike in natural gas prices are proving to be a boon for Norway, delivering a flood of revenue for the country that’s already one of the world’s richest.

Norway’s Labor, center agree to form pro-oil minority coalition

Norway’s election-winning Labor Party agreed to form a minority government with another proponent of oil exploration, the agrarian and euro-skeptic Center Party.

Equinor launches a multibillion-dollar blue hydrogen plan

Equinor ASA, the flagship producer of oil and gas giant Norway, is investing billions of dollars in blue hydrogen on a bet that it can make the fuel more cleanly than anyone else.

INEOS Energy completes the $615m sale of its Norwegian oil and gas business to PGNiG

The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf and continues to rebalance INEOS’ oil and gas portfolio.

Wood expands operations in Southern North Sea with Shell and NAM award

Wood, the global consulting and engineering company, continues to expand its operations in the Southern North Sea with the award of a new operations and maintenance contract with Shell UK and Nederlandse Aardolie Maatschappij.

Bristow Group announces contract extension with Aker BP in Norway

Bristow Group Inc. announced a three-year contract extension until August 2024 with Aker BP to support air transportation crew change services for their operations in the Norwegian continental shelf.

Wood secures Kollsnes gas processing EPCI contract

Wood has secured a new $42m contract from international energy company Equinor, on behalf of operator Gassco, to provide engineering, procurement, construction and installation services at the Kollsnes gas processing plant in Norway.

DNV GL wins framework agreement with DNO for Norwegian Continental Shelf operations

The agreement will be managed from DNV GL’s office in Stavanger, Norway and supported with a global network of 2,000 technical experts, with global services ranging from verification and environmental to due diligence studies.

Norway’s financial regulator says ‘green’ investing has a dark side

Morten Baltzersen, the head of the Financial Supervisory Authority in Norway, says the rush to plow funds into investments that fulfill environmental, social and governance (ESG) standards has opened the door to a new risk.

Equinor divides inspection tasks among four companies for Norwegian operations

“The agreements form the basis for a strong long-term collaboration, allowing us to use new technologies, achieve continuous improvement and increase safety and value creation for all parties,” says Peggy Krantz-Underland, Equinor’s chief procurement officer.

Norwegian oil crews stigmatized in the “climate change” era

Oil was discovered in the North Sea in the 1960s and has made Norwegians rich, but that fairy tale is now losing sway as a growing number of politicians and environmental groups are calling for a shutdown of production with as much half of the estimated resources still in the ground.

Decision day on $1-trillion fund's exit from oil moves closer

Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.