2021-07-02 12:20:00
NORWAY OIL & GAS UP
ENERDATA - 2 Jul 2021 - Equinor has started the Martin Linge oil and gas field in the Norwegian North Sea. Expected recoverable resources are approximately 260 Mboe and plateau production will average 115,000 boe/d in 2022. The oil will be processed on a storage vessel and transported to the market in shuttle tankers, while the gas will flow through a new pipeline connecting the field to the existing pipeline going to St. Fergus, Scotland (United Kingdom).
The field was discovered in 1978 and originally expected to enter into production in 2016, but its start-up has been delayed several times. Consequently, the development costs have doubled to NOK63bn (US$7.3bn). The Martin Linge field is owned by Equinor (70%) and the Norwegian state-owned oil and gas company Petoro (30%).
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Earlier:
2021, June, 22, 12:05:00
NORWAY OIL, GAS PRODUCTION 1.86 MBD
Preliminary production figures for May 2021 show an average daily production of 1 860 000 barrels of oil, NGL and condensate.
2021, May, 27, 12:50:00
NORWAY'S WIND ENERGY 1.4 GW
The project is expected to cost NOK30-35bn (€2.9-3.4bn).
2021, May, 21, 09:35:00
NORWAY OIL, GAS PRODUCTION 2.008 MBD
Preliminary production figures for March 2021 show an average daily production of 2 094 000 barrels of oil, NGL and condensate.
2021, April, 21, 14:45:00
NORWAY'S FUND RETURNED 4%
In the first quarter of 2021, the Government Pension Fund Global returned 4.0 percent, equivalent to 382 billion kroner.
2021, April, 21, 14:30:00
NORWAY OIL, GAS PRODUCTION 2.094 MBD
Preliminary production figures for March 2021 show an average daily production of 2 094 000 barrels of oil, NGL and condensate.
2021, April, 9, 11:00:00
NORWAY'S FUND RENEWABLE INVESTMENT €1,375 MLN
Norges Bank Investment Management will pay 1,375 million euros for its 50 percent interest in the offshore wind farm. No external debt financing will be involved in the transaction.
2021, March, 31, 11:15:00
NORWAY'S OFFSHORE WIND
Norway does not actually need offshore wind farms for power - nearly all its electricity comes from renewables already - but instead sees the sector as a means of helping its vast oil and gas industry secure a new, low-carbon business model for the future.
