How the Oil Crisis Gave Norway’s Giant Field a $10 Billion Boost

By Mikael Holter (Bloomberg) -- Right before Norway’s biggest oil project in decades got the go-ahead in 2015, crude prices fell off a cliff. That turned out to be perfect timing. The crash forced desperate suppliers like platform builders and offshore drillers to cut their prices, allowing Equinor ASA and the other owners of the giant Johan Sverdrup field to trim … [Read more...]

Pioneering Spirit Picks Up and Installs the Johan Sverdrup Drilling Platform in a Single Lift -PHOTOS

The 22,000-tonne topside for the drilling platform was lifted into position in one single lift on the Johan Sverdrup field over the weekend using the engineering marvel Pioneering Spirit. The installation marks the first time the record-setting heavy lift vessel has been used for single-lift topside installation. Last Thursday, May 31, the topside for the Johan … [Read more...]

Photos: First Johan Sverdrup Topside Installed in North Sea

The final module of the Johan Sverdrup riser platform was lifted into place by the heavy lift vessel Thialf. With the installation, the first of four topsides making up the next North Sea giant is starting to really take shape. “It’s a special feeling to see the first Johan Sverdrup platform in place, even a few days ahead of the plan set more than three years ago – all … [Read more...]

WATCH: Giant Johan Sverdrup Jacket Installed Off Norway

The giant jacket for the Johan Sverdrup riser platform was installed last week by the Thialf crane vessel owned by Heerema Marine Contractors (HMC) - the first visible sign of one of Norway's biggest offshore projects finally taking shape. Weighing some 26,000 tonnes, the jacket is the largest on the Norwegian continental shelf (NCS). The jacket stretches up 140 meters … [Read more...]