Archive for the ‘Norway’ Category

Remembering the 123 offshore workers who lost their lives on this day in 1980 🙏

Photo: Norwegian Petroleum Museum

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The offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up. Rystad Energy research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again in 2023 – the first breach for two straight years since 2012 and 2013.

Offshore activity is expected to account for 68% of all sanctioned conventional hydrocarbons in 2023 and 2024, up from 40% between 2015-2018.



  • Middle East investment continues to be strong
  • Good for South America thanks to Brazil (16 new FPSOs by the end of the decade) and the Guyana success story.
  • Strong forecast for Norway and the UK boosts Europe.
  • North America could do far better with less obstructive access policies.

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From a Hersh interview with Fabian Scheidler of the Berliner Zeitung:

  • 8 “bombs” were placed near the island of Bornholm in the Baltic Sea, six of which exploded in a rather flat area. The explosives destroyed three of the four Nord Stream 1 and 2 gas pipelines. (This explains why one of the four pipelines wasn’t damaged. Presumably, concerns about the unexploded ordinance have been addressed by Sweden.)
  • Norway identified a relatively shallow area (80m water depth) near Bornholm.
  • It only took a few hours to place the explosives
  • No one in Congress was informed of the plan
  • In response to criticism about his reliance on unidentified sources, Hersh said that many of his articles were dependent on such sources. If his sources were named, they would be fired or worse.

Below is a very good Jeffrey Sachs interview (new) with appropriate pushback from the host Freddie Sayers. Nothing really new, but both Sachs and Sayers are informed and articulate. Worth viewing.

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link to the podcast

Much of the discussion was about his career and the state of journalism. Some of Hersh’s comments on his Nord Stream story:

  • He will protect his sources as he always has
  • The Nord Stream Pipeline sabotage was “stupid beyond belief”
  • “Pipeline industry knows what happened”
  • Only one major news show (Tucker Carlson) has contacted him and Hersh chose not to be interviewed
  • He was shocked that no other news organization pursued the story
  • He has received 1600 emails in 2.5 days since the article was published

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I’m posting this link without comment.

Last June, the Navy divers, operating under the cover of a widely publicized mid-summer NATO exercise known as BALTOPS 22, planted the remotely triggered explosives that, three months later, destroyed three of the four Nord Stream pipelines, according to a source with direct knowledge of the operational planning.

Seymour Hersch

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…and were in fact identical in August (1.763 million BOPD). GoM production should strengthen a bit in 2023 as new deepwater projects come online. Norwegian production should also increase. The longer term is more uncertain, particularly for the US OCS which is seemingly being managed to fail.

Natural gas production is a different story. Norway has been sustaining and growing offshore gas production, while Gulf of Mexico gas production has been in free-fall. Total US production has nonetheless grown sharply over the past 17 years thanks to the shale boom (see the chart below). In the 1980’s, the GoM accounted for 20-25% of US gas production. The GoM share is now only 2%, most of which is gas that is associated with deepwater oil production. Nonassociated offshore gas has important advantages that should not be ignored.

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Symbolic gesture or troubling precedent?

OSLO, Nov 29 (Reuters) – Norway will not issue licences for energy companies to explore for oil and gas in frontier areas during the life of the current parliament, which ends in 2025, its oil and energy minister told Reuters on Tuesday.

“SV (Socialist Left Party) has had this as a demand for this year and we went along with that. And have accepted that this can be held off for this parliamentary period,” (per Minister of Petroleum and Energy Minister Terje Aasland).

Aasland said there was “no drama” in the decision as authorities still issue licences to oil companies in a parallel licensing around called the APA round, in so-called mature areas that are already open to oil companies.


Meanwhile NPD reports a dry hole 17 km north of the Heidrun field in the Norwegian Sea.

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-The government has decided to implement measures to strengthen preparedness related to infrastructure, land facilities and installations on the Norwegian continental shelf.

-Part of the background for the increased preparedness is reports of increased drone activity on the Norwegian continental shelf that we have seen in recent weeks. It concerns drones of various sizes. Activity has been increasing, especially in September.

We have called for increased vigilance from all operators and shipowners on the Norwegian continental shelf.

Circumstances where drones have violated safety zones around facilities are now being investigated by the police. We refer to Sør-Vest Police District for questions about this.

-On Tuesday, it became known that the Nord Stream 1 and 2 gas pipelines were damaged, probably due to sabotage. The Norwegian Petroleum Safety Authority does not want to speculate on who is behind it, or other circumstances related to the incident.

-On Thursday 29 September, we invited the parties in the oil and gas industry to an extraordinary meeting in the Security Forum to discuss the ongoing events

PSA Norway

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The quote below is encouraging. Hopefully, the technical team will be able to function independently, and will have strong leadership. I would like to see participation by the Petroleum Safety Authority of Norway.

There are good teams in place to handle pipeline accidents, there are emergency pipe inventories and experts for onshore and offshore,” Jens Schumann, managing director of gas pipeline grid company Gasunie Deutschland, said.


Meanwhile the seemingly straightforward Huntington Beach pipeline spill investigation drags on one year after the incident.

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This notice from the Petroleum Safety Authority of Norway adds yet another twist to the Nord Stream saga:

In recent times, Ptil has received several notices/messages from operator companies on the Norwegian continental shelf about observations of unidentified drones/aircraft in the vicinity of offshore facilitiesWe have called for increased vigilance from all operators and shipowners on the Norwegian continental shelf.

Here is Nord Stream’s update on their investigations into the pipeline leaks:

Nord Stream AG has started mobilization of all necessary resources for a survey campaign to assess the damages in cooperation exchange with relevant local authorities. Currently, it is not possible to estimate a timeframe for restoring the gas transport infrastructure. The causes of the incident will be clarified as a result of the investigation.

Meanwhile, Swedish seismologists have reported explosions near the leaks.

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