Statoil gets started on shoring up North Sea emissions

Work has begun on laying 200km of power cables to connect the Johan Sverdrup field to shore

Statoil awards NOK 8bn for oil platform

Statoil has awarded a contract worth NOK 8 billion (£0.7bn) to build an offshore drilling platform. Aibel won the contract which includes engineering work, procurement and construction for the Johan Sverdrup field. The region has recoverable resources of 1.7 and 3 billion barrels of oil equivalent, according to Statoil. The field will account for roughly […]

New oil discovery in the North Sea

Norway’s Statoil announced yesterday it has discovered a new oil reserve in the North Sea. The state-controlled oil company said the find in the Geitungen field has an equivalent of 140 to 270 million barrels of recoverable oil. The discovery was made near the Johan Sverdrup field, Norway’s largest oil find since 1974, which is […]

Rise in UK subsea exports to Norway

Norway’s increase in oil developments could mean a boom for UK subsea businesses in the next 12 months. That’s according to the nation’s industry body, Subsea UK, which found around 80% of its members expected Norwegian subsea exports to rise as a result of an increase in deepwater developments. Neil Gordon, Chief Executive of the […]