Norway Postpones Decision on Arctic Oil Terminal to Serve Johan Castberg Offshore Field

OSLO, Dec 14 (Reuters) - The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday. If built, the onshore Veidnes terminal would receive crude via a pipeline from Equinor's offshore Johan Castberg oilfield, which is … [Read more...]

Equinor Acquires a 40% Stake in Undeveloped Rosebank Project in UK Waters

Norwegian energy giant Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS). The Rosebank field was discovered in 2004 and is located about 130 km northwest of the Shetland Islands in water depths of approximately 1,110m. The other partners in the field are … [Read more...]

Newbuild Rig Transocean Norge Lands Six-Well Contract from Equinor with Options

Norwegian energy giant Equinor announced today it has awarded Transocean a six-well contract on the Norwegian continental shelf (NCS) for the newbuild harsh environment drilling rig Transocean Norge. Drilling start-up is scheduled for the summer of 2019 upon delivery of the rig.  The contract also includes options for drilling four additional wells and "is intended … [Read more...]

First Offshore Wind Farm Battery Installed in Scotland

Norwegian energy company Equinor has installed a battery that will for first time make it possible to store energy produced from an offshore wind farm.  The so-called Batwind battery storage solution was inaugurated Wednesday in Peterhead, Scotland by Batwind partners Equinor and Masdar.  With the system in operation, electricity produced at … [Read more...]