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Faroe Wells Upgrade Norwegian Brasse Reserves
Faroe Petroleum has now drilled appraisal wells 31/7-2S and 31/7-2A in the Brasse discovery offshore Norway, about 13 km east of the Oseberg field in the North Sea, and found "cons…
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Hoegh LNG Secures Financing for FSRU#8
Hoegh LNG said July 24 it has received commitment letters for a $230mn debt financing for its eighth floating storage and regasification unit (FSRU #8). It comprises a 12 year…
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BP Eyes US Midstream IPO, But Not Sale of UK Fields
BP said July 18 it is evaluating the formation and initial public offering (IPO) of a master limited partnership (MLP) to enhance shareholder value and to support BP's strategy…
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Qatar's Nakilat to Branch into FSRUs, with Hoegh
Qatari state-owned LNG tankers owner Nakilat said July 18 it signed a memo of understanding with Norway-based Hoegh LNG to look at collaboration in the floating regas…
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Centrica and Bayerngas Norge to Create Upstream JV
The UK and German utilities, Centrica and Stadtwerke Munchen (SWM), have reached an agreement to combine Centrica’s Europe upstream business with Bayerngas Norge – to…
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Statoil's Gas Discovery has Potential for Snohvit
Norwegian Statoil made a small gas discovery while prospecting for oil in the Blamann well in the Hammerfest basin, between the Snohvit and Goliat fields in the Barents…
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Aker BP Profits Up, Skarv Output High
Aker BP, which operates solely in Norway, said in quarterly results July 14 that gas production from its Skarv area "remained high and stable." Net profit increased to $60mn in…
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Norwegian Gas Output Stable in 1H
Norway produced broadly the same amount of sales gas in the first six months of 2017 as in 1H2016, according to preliminary data from offshore regulator Norwegian Petroleum…
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Gjoa Restarts After 2-Week Leak Outage
Engie E&P said July 7 that the Gjoa platform in the Norwegian part of the North Sea is back in production after a gas leak on June 21 forced it to close. The…
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Statoil Takes Decision on Snefrid Nord
Statoil and partners have decided to develop the Snefrid Nord gas discovery in the Norwegian Sea, the operator and 51%-owner said July 6. The discovery, scheduled to come on…
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Total Delays Start of Martin Linge Field by a Year
French major Total has had to delay by a year the start up of its Martin Linge oil and gas field off Norway, it said July 6, following a tragic accident at the South Korean…
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Faroe Finds Commercial Reserves in Norway Well
Faroe Petroleum's Brasse appraisal well in the Norwegian North Sea tested at a maximum stable rate of 6,187 barrels day of oil through a 1-in choke, it said July 3. This…
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Norway Starts up Gina Krog Field
Statoil and its partners began oil and gas production from their Gina Krog field in the evening of June 30, the Norwegian state controlled producer said July 3. They…
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Norway's Statoil to Start UK Drilling
Norway's state-run Statoil has made an oil discovery off northern Norway and is to start a three-well, three-month UK exploration campaign this month, it said July…
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Statoil Evaluates New CO2 Storage Project
Norwegian state-owned clean energy developer Gassnova has assigned Statoil the task of evaluating development of a carbon storage site offshore Norway, which Statoil…
