By Roslan Khasawneh SINGAPORE, Nov 21 (Reuters) - Equinor offloaded a rare cargo of very low-sulphur fuel oil (VLSFO) from Norway last week at UAE's Fujairah bunkering hub to meet expected demand from stricter ship fuel emission rules, according to trade sources and shipping data. The 130,000-tonne cargo has been sold to Saudi Arabia's Aramco Trading Corp (ATC), said five … [Read more...]
First Oil from Johan Sverdrup Ready to Ship
The first oil pumped from the giant Johan Sverdrup field in the North Sea has reached Mongstad, Norway where it will be prepared for shipping to markets around the world. The first cargo of around one million barrels is expected to leave for customers in Asia this week. The cargo has market value of around USD 60 million, or more than half a billion NOK at the current oil … [Read more...]
Equinor Brings North Sea Giant Johan Sverdrup On Stream
Norwegian energy company Equinor has brought the giant Johan Sverdrup field on stream more than two months ahead schedule. Sanctioned in 2015, Johan Sverdrup is the largest development on the Norwegian Continental Shelf in three decades. Johan Sverdrup has expected recoverable reserves of 2.7 billion barrels of oil equivalent and the full field can produce up to 660,000 … [Read more...]
North Sea Oil Poised for Last Hurrah With Giant Norway Field
By Timothy Abington and Mikael Holter (Bloomberg) --The rise of a huge new Norwegian oil field is poised to give North Sea output one of its biggest boosts in years. The surge won’t last. Johan Sverdrup, one of the five largest offshore oil fields ever discovered in Norway, has been given the green light to begin production, with operator Equinor ASA scheduled to start … [Read more...]
Norway Approves Johan Sverdrup Start-Up
The Norwegian Petroleum Directorate has granted its approval for the start-up of the Johan Sverdrup field in the North Sea. With expected recoverable resources of between 2.1 and 3.1 billion barrels of oil equivalent, the Johan Sverdrup field development is one of the five biggest oil fields on the Norwegian continental shelf and one of the most important industrial projects … [Read more...]