Offshore Wind: The New Frontier in Powering Platforms?
Offshore wind makes up less than 1% of the current energy mix, but analysts have it pegged as a potential trillion-dollar business in the near future. That growth presents an opportunity for operators to reduce costs and their carbon footprint through the electrification of their offshore platforms.
Ithaca Completes $2-Billion Deal for Chevron’s North Sea Assets
The deal, first announced in May, gives the Delek subsidiary 10 additional producing field interests in the UK North Sea, boosting its 2019 production by 300%.
First Oil From Johan Sverdrup Delivered to Mongstad Plant
Equinor, the operator of the Johan Sverdrup field, said that Mongstad will receive more than 30% of the total oil from the Norwegian Continental Shelf when the field is operating at full capacity.
Kongsberg To Build Digital Twin for Shell’s Nyhamna Gas Facility
As part of the $11-million deal, Kongsberg will establish a dynamic virtual representation of the plant, which serves as a gas processing and export hub for the Shell-operated Ormen Lange in the Norwegian North Sea.
Production Starts From Johan Sverdrup
Phase 1 of the North Sea megaproject—Norway’s largest offshore development since the 1980s—has come on stream. Johan Sverdrup is expected to produce 660,000 BOPD at its peak.
Equinor Awards Milestone Wireless Subsea Drone Contract
The $43-million deal with Saipem will utilize a wireless underwater intervention drone and an ROV for intervention work on the Njord field in the Norwegian North Sea. Equinor said the contract is the first ever from an operator for advanced wireless drone services.
Norway Approves Valhall West Flank Startup for Aker
Aker BP expects the unmanned facility, a further development of the Valhall field in the Norwegian North Sea, to recover 60 million BOE. Startup is expected sometime this fall.
Var Energi Seeks NCS Portfolio Boost From ExxonMobil Sale
With its $4.5-billion acquisition of ExxonMobil’s remaining portfolio on the Norwegian Continental Shelf now official, Var Energi says it hopes to realize its ambitious growth plans.
Kvaerner Eyes Boost in FPSO Construction Contracts
As part of a plan to increase revenue to more than $1 billion by 2023, the engineering and construction company is moving away from large offshore platforms with fixed substructures, saying that it expects to win and execute a series of FPSO projects in the future.
Perenco Receives Approval for Pickerill Decommissioning
With production declining and a nearby terminal closed, UK authorities have given the nod for decommissioning to begin on the aging North Sea gas field. Perenco has been in operation since 1992, with Perenco taking over as operator from BP in 2003.
BP Completes North Sea Drone Methane Monitoring Pilot
The pilot used sensor technology originally deployed by NASA for the Mars Curiosity Rover to collect methane emissions data live-streamed from a drone. BP said it plans to deploy the technology to all of its North Sea assets, including ETAP and Glen Lyon, in 2020.
Equinor Installs Templates for Troll, Other North Sea Fields
After seeing a significant increase in the price level for subsea equipment, Equinor says it is realizing the ways in which standardized subsea templates help build financial competitiveness. The new standard allowed for the installation of 14 templates in one month.
Johan Sverdrup Startup Approved
With Norwegian authorities giving the go-ahead for startup, oil shipments from the massive Equinor-operated North Sea field could begin as soon as October, one month ahead of schedule.
Subsea Pipelines, Umbilicals Installed for Nova Field
The completion of the subsea installation marks another major step for one of several projects scheduled to tie back to the Gjøa platform in the Norwegian North Sea. Production for the Wintershall Dea-operated project is expected to start up in 2021.
Swire Seabed Completes Autonomous Pipeline Inspection for Equinor
The subsea operations company said its most recent campaign is the first fully unmanned offshore pipeline inspection completed “over the horizon,” surveying up to 100 km from the shore.
Equinor Starts Up Mariner Field in North Sea
One of the largest industrial projects in the UK in recent years, Mariner marks Equinor’s first operated field on the UK Continental Shelf. It is expected to produce 70,000 BOPD at peak rates.
Equinor Gets Green Light To Start Up Utgard
The Norwegian Petroleum Directorate has given clearance to start up facilities at the North Sea field, which straddles the line between the UK and Norwegian sectors. Production is set to begin in September.
Neptune Gets Nod for Decommissioning of Juliet Field
The decision comes a year after Neptune stopped production from the North Sea gas field, and 4 months after it submitted decommissioning plans to the UK authorities.
Neptune Begins Subsea Installation Work on Duva Field
The Neptune-operated project is on track to start drilling later this year, with first oil scheduled for the end of 2020. The Norwegian North Sea field is expected to produce 30,000 BOE/D at its peak.
Johan Sverdrup Phase 1 Nearly Complete, Startup on Target
Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned. Phase 1 startup is still scheduled for November.
Total To Sell UK North Sea Assets to JV
The $635-million deal sees Oman-based Petrogas and Norwegian private equity company HitecVision acquire a package of non-core North Sea assets, including 100% ownership stake in four fields.
Neptune Gets Green Light for Pair of North Sea Tiebacks
Norwegian authorities approved development plans for Duva and Gjøa P1, both of which are expected to produce first oil in late 2020. The fields will each tie back to the Gjøa platform on the Norwegian Continental Shelf.
Shell’s Brent Bravo Platform Removed from North Sea
Bravo is the second of four platforms to be decommissioned and removed from the Brent field, following Brent Delta in 2017. The field has produced approximately 3 billion boe since 1976.
Supply Vessel Collides With Equinor North Sea Platform
The company evacuated 276 people on board Statfjord A after the collision, which happened in connection with loading operations. No injuries were reported, and the total extent of the damage on the platform is being investigated.
Hurricane Energy Produces First Oil From Lancaster Field
The field startup is Hurricane’s first step to actualizing its potentially considerable resources in the UK North Sea. Lancaster is expected to produce an average of 17,000 BOPD by the end of the year.
Equinor Targets 2022 FID on Rosebank Project
One of the largest pre-sanction fields on the UK Continental Shelf, Rosebank, could significantly bolster the company’s UK portfolio. However, the field’s water depth and harsh environment may run development costs into the multibillion-dollar range.
Equinor, Faroe Complete Norwegian Offshore Asset Deal
Equinor increases its stake in the Njord redevelopment project as part of the agreement, while Faroe gains Equinor's stakes in four Norwegian Sea and North Sea fields.
UK Offshore’s Big Challenge: Growing While Plugging More Wells Than They Drill
The outlook in the UK is a case study of the squeeze facing E&P in other basins where operators are trying to pay to sustain production with discoveries, while plugging and abandoning old wells, all paid for by the lean cash flow due to low oil prices.
Dawn of the Drone: A New Method for Delivering IRM Services Subsea
Subsea inspection/repair/maintenance services have traditionally relied on vessel-based, ROV, or diver operations. In the longer term, identifying significant incremental savings in these operations is not sustainable and an innovative approach deploying digital technologies is being investigated.
Equinor, Faroe To Swap Norwegian Offshore Assets
The deal gives Equinor an additional 7.5% ownership stake in the Njord redevelopment project and associated tiebacks in the Norwegian Sea, and potentially raises Faroe’s value in the midst of a hostile takeover attempt by DNO.
Apache Begins Production at Garten in UKCS
Startup comes 8 months after the initial discovery in March, marking the second successful tieback since 2017 to the Beryl Alpha platform in the UK North Sea.
UK North Sea Decommissioning Costs Projected To Drop
An influx of new investment and operational efficiencies borne out of the oil price downturn have led to a drop in projected decommissioning costs. Decommissioning multiple wells in one campaign helped some operators achieve time savings of 33% per well.
Ineos Enters Exclusive Talks for ConocoPhillips North Sea Assets
A deal with the UK-based energy and chemicals company could fetch up to $3 billion for ConocoPhillips, which is transitioning out of the North Sea to focus on US shale operations.
Equinor Announces Cost Increase, Delayed Startup for Martin Linge
The North Sea field, which holds an estimated 300 million BOE in recoverable resources, is now scheduled to start production in early 2020. Operator Equinor said the timeline was based on its assessment of the remaining scope of work on the project.
Hurricane Energy Begins Offshore Installation of Lancaster EPS
Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019.
BP Starts Pair of North Sea Field Developments
Scheduled for 2020 startups, the Alligin and Vorlich Fields are expected to produce 30,000 gross BOE/D.
Canadian Firm Agrees to Acquire BiFab Yards
An agreement with DF Barnes is expected to provide financial security for the Scottish fabrication company, which had been on the verge of closure.
UK E&P Activity Looks Promising for 2018, But Questions Remain
A new report from Oil & Gas UK explains how the UK North Sea is showing signs of life, but warns that new exploration investment will be necessary to avoid another production downturn.
Corinth Secures Subsea 7 Contracts for Aker BP Subsea Tiebacks
The steel pipe manufacturer agrees to deliver outer pipes for pipe-in-pipe flowlines for a pair of recently-announced Aker BP projects in the Norwegian Sea.
Decommissioning – Challenge Accepted
With $102 billion of decommissioning-related expenditure forecast to 2040 in Western Europe, opportunities are ripe for the supply chain to compete with innovative and cost-effective solutions for the E&P operators.
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20 November 2019
20 November 2019
20 November 2019
21 November 2019