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Aibel has large impairment losses

Aibel accounts for NOK 1.1 billion (€ 122 million) in impairment losses in third quarter of 2016. The company stated that their business is affected by though market conditions. Aibel believes that the company is adapted for low oil prices in the future.



Dovre and Omega sign framework agreements with Norske Shell

The Dovre Group has been awarded a new framework contract to provide temporary technical personnel to Norske Shell. The agreement is valid for 3 years with options for two one-year extension periods. Dovre has four subcontractors for the agreement. Omega Allianse has also signed a contract to provide consultants to Norske Shell. The alliance is led by Omega AS and consist of 14 companies.



Maersk gives shares in Dvalin

Petoro and Dea has taken over Maersk`s 20 percent share in the Dvalin field. For an extended period, Maersk has tried to sell the company’s field shares without luck. The company decided to give away the shares to avoid investment costs. Now, Dea owns 30 percent, while Petoro has 50 percent share in Dvalin.



Aker wins NOK 900 million contract

Yesterday, DEA delivered the development plan (PDO) for the Dvalin field, formerly called Zidane. The field development will cost NOK 10 billion (€ 1.12 billion). Today, it was announced that Aker Solution will deliver the subsea production system and be responsible for maintenance and service on Dvalin. The contract is worth NOK 900 million (€ 100 million).



33 oil companies applied for APA

In 2016, 33 oil companies applied for Awards in Predefined Areas (APA). The oil ministry gives the APA permits with the intention of expand oil activity near existing oil facilities. This year, several of applications for APA are targeted towards the Barents Sea. More oil companies applied for APA last year. According to the oil ministry, the main reason for fewer applicants is due to mergers between oil companies.



300 union members on strike

The union, Industri Energi, has taken 300 members in supply services on strike. If necessary, a sizeable amount of their 6000 members in oil services can go on strike. Their negotiation partner, The Norwegian Oil and Gas Association (NOGA), wants Industri Energi to accept the same working conditions as the oil service employees in Safe. – 40.000 people has lost their job in the oil industry. It is mind blowing that they want higher pay rise than other industries in Norway, CEO of NOGA, Karl Eirik Schjøtt-Pedersen said.



Wintershall Makes Minor North Sea Oil Discovery

Wintershall has made a small oil discovery near the Vega field in the Norwegian North Sea.
Preliminary evaluation suggests recoverable volumes in the Antares discovery are between 10 million – 28 million barrels of oil.
The license partners are evaluating the possible development options, including tie-ins to existing fields.
The Antares discovery is located in wells 35/11-20 S, 35/11-20 A and 35/11-20 B. 



Petoro purchases OMV`s shares in Zidane

OMV sells the company’s 20 percent share in the Dvalin field (formerly known as Zidane) to Petoro. As of yet, the transaction has not been evaluated for approval by the Norwegian authorities. The field partners aim to submit the development plan for Dvalin in October.


Press Contact

Verena Sattel
Communication Manager North Sea, Spokesperson