Friday, December 14, 2018
Johan Castberg FPSO
Maritime News

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...

December 14, 2018
Total Views: 11

Tuesday, June 12, 2018
Johan Castberg Field Development illustration
Offshore News

Norwegian Parliament Approves $6 Billion Plan for Giant ‘Johan Castberg’ Arctic Oil Field

The Norwegian Parliament has approved Equinor’s development and operation plan for the giant Johan Castberg field located in the Barents Sea within the Arctic Circle. The plan now heads to Norway’s...

June 12, 2018
Total Views: 10

Tuesday, May 15, 2018
Polar Pioneer barents sea statoil
News

Arctic Oil “Undrillable” Amid Global Warming, UN’s Ex-Climate Chief

By Alister Doyle OSLO, May 15 (Reuters) – An architect of the Paris climate agreement urged governments on Tuesday to halt oil exploration in the Arctic, saying drilling was not...

May 15, 2018
Total Views: 6

Tuesday, February 13, 2018
Johan Castberg FPSO
Offshore News

Statoil Awards Contract for Johan Castberg Topsides to Kvaerner

Oslo, Norway-based Kvaerner has been awarded a large contract from Statoil for the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to...

February 13, 2018
Total Views: 20

Tuesday, December 5, 2017
Offshore News

Statoil Greenlights Key $6 Billion Norway Arctic Oil Project

  By Mikael Holter (Bloomberg) — Statoil ASA gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. While expected, the move by Norway’s biggest oil company...

December 5, 2017
Total Views: 23

Wednesday, May 3, 2017
News

Barents Sea Oil Boom is Lesson in Progress for Arctic Drilling

By Mikael Holter (Bloomberg) — With the oil industry barely recovering from its most brutal slump in decades, you might expect the Arctic Ocean to be the last place explorers...

May 3, 2017
Total Views: 5

Tuesday, January 19, 2016
barents sea drilling
Maritime News

Norway’s Arctic Oil Ambitions Get $7 Billion Lifeline from Statoil

By Mikael Holter (Bloomberg) — Norway’s Arctic ambitions just got a $7 billion boost from Statoil ASA. Norway’s largest oil company was able to halve its expected development costs to...

January 19, 2016
Total Views: 2

Friday, March 6, 2015
Maritime News

Statoil Delays Two Major Projects on Norwegian Continental Shelf

Statoil says it is delaying two major projects on the Norwegian continental shelf amid low oil prices and the need for more robust planning in order to cut costs. Decisions...

March 6, 2015
Total Views: 0

Thursday, January 8, 2015
polar pioneer drilling rig statoil transocean johan castberg
News

Oil Crash Risks Further Delay at Statoil’s Johan Castberg Project

Statoil ASA could be forced to delay its Johan Castberg project in Norway’s Arctic waters for a third time after oil prices dropped by more than half since June.

January 8, 2015
Total Views: 3

Friday, December 5, 2014
COSL Pioneer semisubmersible
News

More than $150 Billion of Oil Projects Face the Axe in 2015

Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade.

December 5, 2014
Total Views: 12

Monday, June 30, 2014
polar pioneer drilling rig johan castberg
News

Statoil Postpones Decision on Flagship Oil Project

OSLO, June 30 (Reuters) – Statoil has postponed a decision on the development concept for its flagship Johan Castberg Arctic oil project until the summer of 2015 after a disappointing...

June 30, 2014
Total Views: 0

Thursday, May 15, 2014
polar pioneer drilling rig johan castberg
News

Statoil Likely To Pick Floating Facility to Develop Big Arctic Field

Statoil is more likely to develop the $15.5 billion Johan Castberg field in the Arctic using a floating production storage and offloading (FPSO) installation than via an oil terminal on land, a senior company executive said on Thursday.

May 15, 2014
Total Views: 0

Monday, February 24, 2014
siem ruby osv greenland
Offshore News

Arctic Oil Production Decades Away as Costs Limit Commercial Viability

Lundin Petroleum AB, the Swedish explorer focused on Norway, said there won’t be any new oil output in the ice-filled waters of the Arctic for at least 15 years because of technical and logistical challenges.

February 24, 2014
Total Views: 1

Tuesday, December 10, 2013
News

Oil Majors Team Up to Map New Area of Norwegian Arctic

A group comprised of 17 oil and gas companies has established a project for joint seismic acquisition in the southeastern Barents Sea.

December 10, 2013
Total Views: 2