Photos: Aasta Hansteen Spar Tow-Away from Stord, Norway

Five tugs with a combined 150,000 horsepower have started the 500 nautical mile tow-out of the giant Aasta Hansteen spar platform from Stord, Norway to the Aasta Hansteen field in the Norwegian Sea. Located in approximately 1,300 meters of water and 300 km from land, the Aasta Hansteen gas field is being developed with a Spar FPSO platform that will be the first on the … [Read more...]

MV Solitaire Gets to Work on World Record Polarled Subsea Pipeline

On Thursday 26 March, Allseas' pipelay vessel Solitaire commenced operations on the first stage of the Polarled pipeline project. The 482-kilometer pipeline will eventually be operated by Gassco and transport natural gas on the seafloor at water depths of up to 1265 meters from the Aasta Hansteen field in the Norwegian Sea south to Nyhamna in western Norway. Statoil notes … [Read more...]

Statoil Makes Significant Gas Discovery in the Aasta Hansteen Field

Statoil announced today a significant natural gas discovery while drilling in the Snefrid Nord prospect in the Norwegian Sea.  Utilizing the Transocean Spitsbergen drilling rig, a 105-meter gas column was found nearby three other gas discoveries comprising the Aasta Hansteen field development:  Luva, Haklang and Snefrid South. “The Snefrid Nord discovery increases the … [Read more...]

Statoil Scraps Plan for Kristin – Polarled Deepwater Connection

Jan. 9 (Bloomberg) -- Statoil ASA, Norway’s biggest energy company, canceled plans to build a pipeline tying the Kristin natural-gas field to the planned $4 billion Polarled tube in the Norwegian Sea because of costs and volume uncertainties. Scrapping the 2 billion-kroner ($324 million) project won’t affect the Polarled pipeline, the Stavanger-based company said in a … [Read more...]

Kvaerner Slides as Rival Hyundai Heavy Wins Billion Dollar Rig Order

Jan. 21 (Bloomberg) -- Kvaerner ASA, a Norwegian builder of oil platforms, dropped the most in almost a month in Oslo after it lost out on a $1.1 billion topside contract for the Aasta Hansteen natural gas project to Hyundai Heavy Industries Co. The shares fell as much as 4.2 percent, the most since Dec. 28, and traded 3.6 percent lower at 16.20 kroner as of 10:21 a.m. in … [Read more...]