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Posts Tagged ‘Norway’

Deep sea mining update

Posted in deep sea mining, energy policy, Offshore Energy - General, tagged , , , , , , , on January 16, 2024| Leave a Comment »

Polymetallic nodules contain critical metals (TMC images)

“the committee directs the Assistant Secretary of Defense for Industrial Base Policy shall, by March 1, 2024, submit a report to the House Armed Services Committee assessing the processing of seabed resources of polymetallic nodules domestically. The report shall include, at a minimum, the following:
(1) a review of current resources and controlling parties in securing seabed resources of polymetallic nodules;
(2) an assessment of current domestic deep-sea mining and material processing capabilities; and
(3) a roadmap recommending how the United States can have the ability to source and/or process critical minerals in innovative arenas, such as deep-sea mining, to decrease reliance on sources from foreign adversaries and bolster domestic competencies.

NDAA, p. 230

20231207_-_wittmanstefanik_-_national_security_impacts_of_seabed_mining_-_signedDownload

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Offshore cousins are keeping pace

Posted in Gulf of Mexico, Norway, Offshore Energy - General, tagged , , , , , on December 14, 2023| Leave a Comment »

The Gulf of Mexico and Norwegian branches of the offshore family have a long record of technological innovation and production leadership.

As a followup to our last GoM-Norway update, the respective oil production rates are presented below. The Gulf of Mexico now has a small edge as a result of new production from deepwater facilities.

Natural gas is a different story, and Norway’s offshore gas production is much higher. US gas production (second chart below) has been dominated by the onshore sector since advances in horizontal drilling and well stimulation procedures triggered the shale gas revolution twenty years ago.

If you get a chance to visit Stavanger, the Norwegian Oil Museum is highly recommended. See the short video below.

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Common sense resource management

Posted in Norway, Offshore Energy - General, tagged , , , on June 29, 2023| Leave a Comment »

OSLO, June 28 (Reuters) – Norway’s government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country’s strategy to extend production for decades to come.

“These are projects that will contribute to a continued high and stable output from Norway’s continental shelf as well as employment and value creation,” Minister of Petroleum and Energy Terje Aasland told a news conference.

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Significant jurisdictional change in Norway: the Petroleum Safety Authority is now under the Petroleum and Energy Minister (as is the Norwegian Petroleum Directorate)

Posted in Norway, Offshore Energy - General, Regulation, tagged , , , , on May 15, 2023| Leave a Comment »

Oil and Energy Minister Terje Aasland takes over the constitutional responsibility for the Petroleum Safety Authority with effect from 11 May 2023. Labor and Inclusion Minister Marte Mjøs Persen previously held responsibility. With this, the government wishes to strengthen comprehensive and good management of HSE, safety and preparedness on the Norwegian continental shelf.

The transfer of responsibility to the Ministry of Oil and Energy (OED) is in line with the main principle in Norwegian administration that one ministry and one cabinet minister have the constitutional responsibility for the sector as a whole.

press release

The Petroleum Safety Authority and the Norwegian Petroleum Directorate, the resource management agency, now report to the same ministry. Prior to a December 2003 decree that established the PSA, both the safety and resource functions were administered by the NPD.

Could this be the start of a trend toward better coordination of regulatory and resource management functions? If so, that would be a positive development. Fragmented oversight is neither in the best interest of safety nor resource management. (More on this in an upcoming post.)

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Rystad Energy: Offshore is back!

Posted in energy policy, Gulf of Mexico, Guyana, Norway, Offshore Energy - General, UK, tagged , , , , , , on March 10, 2023| Leave a Comment »

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.

Rystad

Comments:

  • 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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Winter solstice 2022 in the Northern Hemisphere is today at 4:47 PM US ET

Posted in Uncategorized, tagged , , on December 21, 2022| 1 Comment »

Love this Northern Lights photo from Norway (V. Belov)

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Norway’s licensing pause applies only to frontier areas

Posted in energy policy, Norway, Offshore Energy - General, tagged , , , , on December 1, 2022| Leave a Comment »

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.

Reuters

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

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Nord Stream pipeline investigation

Posted in accidents, natural gas, Norway, pipelines, Uncategorized, tagged , , , , , on September 28, 2022| Leave a Comment »

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.

Reuters

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

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Nord Stream pipeline leaks: The plot thickens as Norwegian operators report mysterious drone sightings

Posted in accidents, Norway, Offshore Energy - General, pipelines, tagged , , , , on September 27, 2022| Leave a Comment »

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 facilities. We 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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Wise words from the Norwegian Oil and Energy Minister

Posted in energy policy, Norway, Offshore Energy - General, tagged , , , on September 14, 2022| Leave a Comment »

Comments from Terje Aasland, Norwegian Minister of Oil and Energy, after a strong licensing round during which 26 applications were received:

We need exploration and new discoveries to maintain the production of oil and gas over time, which is important both for Norway and Europe. The applications in TFO 2022 show very good interest among the companies active on the Norwegian continental shelf in looking for new petroleum resources. This is very gratifying, says Oil and Energy Minister Terje Aasland (Ap)

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