Subscribe free to our newsletters via your
  Oil and Gas News from OilGasDaily.Com  




Subscribe free to our newsletters via your




















OIL AND GAS
New plans for the North Sea, German energy company says
by Daniel J. Graeber
Essen, Germany (UPI) Feb 15, 2017


disclaimer: image is for illustration purposes only

German energy company Wintershall said Wednesday it was showcasing its commitment to Norway by submitting plans for offshore development.

The company led a consortium of license partners in submitting development plans for the Skarfjell field in the Norwegian waters of the North Sea. The company said most of the hydrocarbons there are slated for exports and development will utilize infrastructure already nearby in Norwegian waters.

"Moving into the next phase of the plan is a signal that Wintershall is committed to Norway in the long-term," Martin Bachmann, the executive board member in charge of regional exploration, said in a statement. "Wintershall is convinced of having selected the most economically robust solution for the field."

Wintershall's development plan submission follows the official launch of the Ivar Aasen field in the North Sea. Norwegian Energy Minister Terje Soviknes was on hand for the event, his first such visit while in office.

For the greater Norwegian energy sector, Swedish energy company Lundin Petroleum said this week it was spinning off its international assets in order to focus exclusively on oil and gas operations in Norway. The company said it planned to spend about $1.3 billion on development, appraisal, exploration and production this year, with nearly all of the focus on offshore Norway.

The economy in Norway relies heavily on oil and natural gas revenue and the country is one of the main energy suppliers to Europe. The Skarfjell field is expected to yield between 60 million and 140 million barrels of oil equivalents.


Comment on this article using your Disqus, Facebook, Google or Twitter login.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Norway heralds new North Sea production
Oslo, Norway (UPI) Feb 14, 2017
The start of new production in the North Sea is a testament to the enduring strength of Norway's energy sector, the country's energy minister said. Norwegian Energy Minister Terje Soviknes was on hand for the official launch of the Ivar Aasen field in the country's territorial waters in the North Sea. Ivar Aasen, operated by Norwegian group Aker BP, has a total cost framework of $3.3 bi ... read more


OIL AND GAS
Alberta backing bioenergy programs

A better way to farm algae

DuPont Industrial Biosciences to develop new high-efficiency biogas enzyme method

Cathay Pacific to cut emissions with switch to biofuel

OIL AND GAS
Governors tell Trump that China will reap low-carbon rewards

First Solar Awarded 140Mw Module Supply Contract For Australia'S Largest Solar Project

Magnolia Solar awarded US Patent for High Efficiency Multijunction Solar Cell

French government gets renewable energy endorsement

OIL AND GAS
British grid drawing power from new offshore wind farm

Prysmian UK to supply land cable connections for East Anglia ONE offshore wind farm

Russia's nuclear giant pushes into wind energy

The power of wind energy and how to use it

OIL AND GAS
'No risk' in Benin after truck with chemical for nuclear production crashes

Explosion at French nuclear plant, 'no radiation risk'

Three new uranium minerals from Utah

Iran imports 149 tonnes of uranium from Russia: atomic chief

OIL AND GAS
Scientists argue current climate change models understate the problem

Researchers say climate models understate risk, ignore human factors

Cape Town pools crack down on splashing as drought bites

Shifting monsoon altered early cultures in China

OIL AND GAS
Tesla takes on Gulf gas guzzlers

Dubai aims to launch hover-taxi by July

China jails ex-chairman of auto giant FAW for bribery

Germany to expand infrastructure for electric vehicles

OIL AND GAS
Iraq hits IS commanders, Baghdadi fate unclear: statement

Rockets hit Baghdad Green Zone after deadly protest

UK sees IS being ousted from Iraq towns this year

Mass graves found in western Iraq: officials

OIL AND GAS
US, Japan conduct test of joint missile

Iran's Rouhani says military power 'purely defensive'

French MPs clear way for payouts to atomic test victims

Poland wants US or European nuclear umbrella: Kaczynski




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News








The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement