Equinor To Cut 30% of E&P Staff, Shuts In Fields Due to Labor Strike
Equinor plans to cut its global exploration staff by 30% in the next 3 years and plans to drill 30–40 wells globally this year. Ongoing labor strikes have led to the operator shutting in four of its platforms.
BP Takes on Billion-Dollar Stake in Equinor’s US Offshore Wind Power Projects
Two of Europe’s largest oil and gas producers will lead four offshore wind projects that together have the potential of powering 2 million homes.
Northern Lights and Blue Logic Win ONS 2020 Innovation Awards
Winning innovators focused on environment, safety, and operational efficiency.
Equinor Taps Its First Petroleum Engineer To Become CEO In November
He started in the oil and gas business running logs in the 1990s and by the end of the decade became a petroleum engineer at Equinor. Now, he is set to take over the company’s top position.
Operation Planning Tool Improves Quality, Efficiency of Offshore Risk Management
The complete paper discusses Equinor’s operation planning tool, developed to present planners with the technical conditions of a platform, identify potentially dangerous combinations of concurrent activities, and propose learnings from 8 years of incident recordings.
Equinor Names Potential CEO Successors
Four Equinor insiders are short-listed to succeed the current chief executive who is expected to step down from the Norwegian oil and gas company later this year.
AI Meets HMI: Next-Gen Robots Take on the Tough Tasks To Reduce Risks on Rigs
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull.
Norway’s Northern Lights CCUS Project Hits a Yellow Light
An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.
Need Cost Cutting and Distancing? There’s a Technology for That
A test showing that it’s possible to automate the billing process for produced water hauling has opened the door for tracking a wide range of field activities. The industry downturn brought on by COVID-19 has motivated big companies to test practical applications sooner.
Shuttle Concept Brings CO2 to Subsea Reservoirs
A new idea from Equinor calls for autonomous submarines to transport CO2 from the surface to the seabed. The Norwegian operator says the shuttles could also carry oil and water for injection.
Staking Energy and ESG Positions
What’s driving ESG investment?
Major Operators Submit Plans for Northern Lights JV
An investment decision this year would sanction Norway’s first CO2 storage project. Phase 1 is expected to be operational in 2024.
Offshore Discoveries Continue Even as Shale Slows
Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore.
Offshore Enters Uncharted Waters
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.”
Equinor Makes First Discovery in Gulf of Mexico Since 2015
The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years.
Equinor Strikes Oil at New North Sea Discovery
Because the greenfield can use existing infrastructure, the Norwegian operator says it will count as a low-carbon development.
Oil and Gas Discoveries Reach Four-Year High in 2019: Rystad
A total of 12.2 billion BOE was discovered worldwide in 2019—the highest volume in 4 years, with offshore regions dominating the list of new deposits.
Equinor Plans to Eliminate Norwegian Carbon Emissions
Equinor has released its plan for eliminating carbon dioxide emissions in Norway by 2050, but it comes with some tall technical challenges.
Equinor, Total, Aker Launch Subsea CO2 Injection R&D Project
Before the dream of a “subsea factory” can come true, a group of North Sea companies will need to see if the required technology is economically feasible to build.
Equinor Exits Eagle Ford JV
Spain’s Repsol will assume 100% interest in and operatorship of the joint venture as Equinor leaves the 9-year partnership.
Power-From-Shore Expanding to Support Norwegian Offshore Production
Offshore facilities are typically powered from onsite gas turbines but efforts to become “carbon efficient” are pushing oil and gas companies toward an onshore alternative.
Transocean Deploys Hybrid Floating Drilling Rig Off Norway
The hybrid power technology cuts fuel consumption and boosts the dynamically positioned rig’s station-keeping reliability, the drilling contractor says.
Testing a System Where Machines Decide How Much to Pay a Trucker, and Send a Check
Ten big names in the oil and gas business created a group to try out ways to use blockchain in the oil business, and test if the record keeping and automatic data collection software can track water shipments more efficiently.
Alliances Drive Upstream Digital Deployment
Partnerships with big tech, tech startups, and innovative service companies—and the merging of their data, cloud, and software applications—are proving essential for operators in the scaling phase of digital deployment. Equinor, Microsoft, and Halliburton are among those joining forces.
To “Right Size” Fractures, Producers Adopt Robust Monitoring and Custom Completions
If you can see it, then maybe you can control it. This sums up the latest quest that the unconventional engineering community embarked upon to get a better understanding of proper well spacing and how fractures really interact.
Equinor Picks 10 New Startups for Accelerator Program
Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix.
Equinor, YPF To Explore Block Offshore Argentina
The firms are now partners on multiple blocks in the North Argentina Basin.
BHP, Anadarko Among Leaders in Latest US Gulf Lease Sale
Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253.
Shale Producers Piloting Downhole Compression To Solve Liquid Loading
Using maglev technology, a new artificial lift system seeks to boost production output by sucking down reservoir pressure from inside the wellbore and from inside the reservoir.
Equinor To Cut Lundin Stake, Add Johan Sverdrup Interest
The Norwegian operator will increase its ownership of the giant Johan Sverdrup field before the field commences oil production this November.
Thirty Firms Awarded Blocks in UK’s 31st Offshore Licensing Round
The round marked a continuation of a recent trend on the UKCS in which lesser-known firms and newcomers have gained stature, replacing more-familiar, bigger operators that have pared down their North Sea positions.
UK Continental Shelf: Two Big Discoveries and More to Come
Leaders from UK’s Oil and Gas Authority, Total, CNOOC, and Equinor discuss exploration successes, misses, and expectations for the offshore UK.
Blacktip: Shell’s New Discovery in the Gulf of Mexico
The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields.
Majors, IOCs Win Blocks in Argentine Offshore Bid Round
Thirteen companies placed bids on 18 blocks in the Austral, North Argentina, and Malvinas West basins as part of Argentina’s first open bid round for offshore acreage in more than 20 years.
Shell Dominates US Gulf Lease Sale
The major’s dominant showing in US Gulf of Mexico Lease Sale 252 propelled another rise in bids and dollars for the biannual regionwide auction.
New Tech Accelerator Teams With Big Operators To Solve the Pilot Problem
Funding for startups in the upstream industry does not always guarantee that oil and gas companies will want to test the new technology. A new venture and accelerator model hopes to change this through guaranteed pilots.
Equinor, Transocean Ink Deal for Five Automated Rigs
The contract is helping to solidify Europe’s offshore sector as the focal point for the rise of automated drilling technology.
Norway Awards Most Licenses Ever in New Round
In need of an exploration boost, Norway doled out a record 83 production licenses in mature areas of the Norwegian Continental Shelf to 33 firms.
Equinor Opens Digital Support Centers in Bid to Create $2 Billion in Value
Two new centers in Bergen, Norway will lean on emerging digital technology to oversee much of the Norwegian operator’s offshore operations.
Wintershall, Seadrill To Use Automated Drilling on Newest Rig
The latest example of the offshore sector's march toward automated wellbore construction will take shape later this year in the North Sea.
Reservoir-on-a-Chip Technology Opens a New Window Into Oilfield Chemistry
An oil and gas startup has attracted the business with a major operator thanks to its ability to forecast whether production-enhancing chemicals will work as advertised.
CNOOC, Several International Firms Sign Agreements for Areas Offshore China
Chevron, ConocoPhillips, Equinor, Shell, and Total are among nine firms looking to explore the Pearl River Mouth Basin.
Equinor To Employ Permanent Reservoir Monitoring at Arctic, North Sea Fields
The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery.
Bids, Dollars Rise in Third Regionwide US Gulf of Mexico Lease Sale
ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.
New Modeling Code Sees Deep Inside Fractures, May Change Thinking on Well Spacing
Operators are working with a young startup company to overhaul how the unconventional sector has traditionally interpreted one the most common tests used to influence well completion designs.
AI Firm Ambyint’s New Bakken Deal with Equinor Moves the Industry Another Step Closer to the Edge
Hundreds of rod-lift wells in North Dakota are about to get a big upgrade.
Equinor Invests in Two Gas-Focused Tech Startups
Venture groups spend their time evaluating hundreds of companies each year to only make a handful of investments. These two cover interesting ends of the upstream spectrum: aerial drones and downhole artificial lift.
UK’s Latest Licensing Round Aims for Offshore Frontiers
Just 2 months after issuing more than a hundred licenses, the Oil and Gas Authority begins the process again for a whole new set of blocks.
Equinor’s Offshore Bonanza Continues
Equinor has grabbed seven new licenses in the Barents and Norwegian Seas, the latest in a flurry of offshore activity in which the firm has added acreage off the UK and Brazil, gained approval for a big Arctic project, and awarded billions of dollars in service contracts.
Equinor, ExxonMobil Rack up More Brazilian Presalt Acreage
Equinor and ExxonMobil continued their aggressive pursuit of acreage offshore Brazil, collecting more blocks in the country's 4th pre-salt bid round.
North Sea Acreage Awarded to 61 Firms in UK Licensing Round
UK’s active 30th Licensing Round resulted in the award of 123 licenses to a diverse set of 61 companies—an outcome that UK government officials hailed as more proof that interest is picking up in the aging North Sea.
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19 October 2020
26 October 2020