Energy News  
OIL AND GAS
We're hiring, Norwegian oilfield services company says
by Daniel J. Graeber
(UPI) Aug 15, 2018

Norwegian oilfield services company Archer said new contracts from Equinor would help support a 2,000 person increase in payrolls by the end of the year.

The company reported second quarter revenue of $224.4 million, a $6 million increase from the first quarter.

John Lechner, the company's chief executive officer, said the boost was a reflection of emerging recovery offshore Norway. Four new platform contracts awarded by Norwegian energy major Equinor, formerly Statoil, will begin operating by the fourth quarter.

"The addition of these platform crews, along with increased personnel coming on board to support growing activity across our other Eastern Hemisphere divisions, will see our Norwegian headcount increase by about 30 percent to 2,000 by year end," he said in a statement.

Archer received the bulk of the more than $1.5 billion in contracts from Equinor for work ranging from maintenance to drilling on 18 of its fixed platforms on the Norwegian continental shelf. Combined, Archer took in about half of the total contract value.

All of the contracts awarded by Equinor carried a four-year term, effective Oct. 1.

The Norwegian Petroleum Directorate, the nation's energy regulator, reported total production for oil was 3 percent less than expected and 4 percent below last year's forecast. So far this year, the NPD said 86 new development wells were drilled in Norwegian waters, about the same level as this time last year.

To keep production going, the government called for a "significant effort" from all players.

The offshore trend for Norway is accelerating, however. The NPD said it expected at least 40 exploration wells this year, compared with about 36 last year. Much of the focus, the regulator said, has been in the North and Norwegian Seas where drilling infrastructure is already in place.

"I'm pleased to see that the recovery is starting to build in most of our operating areas," Lechner said.


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


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Venezuelan general arrested over 'attack' on Maduro
Caracas (AFP) Aug 14, 2018
Venezuela has arrested a general as part of a continuing probe into the alleged attempt to assassinate President Nicolas Maduro, the attorney general said Tuesday. Major General Alejandro Perez Gomez of the country's national guard appeared before a judge on Monday along with opposition politician Juan Requesens and another military officer, Colonel Pedro Javier Zambrano, Tarek William Saab told a press conference. To date, 14 people have been arrested and charged for allegedly taking part in th ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



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

OIL AND GAS
Electricity crisis leaves Iraqis gasping for cool air

Energy-intensive Bitcoin transactions pose a growing environmental threat

Germany thwarts China by taking stake in 50Hertz power firm

Global quadrupling of cooling appliances to 14 billion by 2050

OIL AND GAS
Scientists create biodegradable, paper-based biobatteries

Superconductivity above 10 K discovered in a novel quasi-one-dimensional compound K2Mo3As3

Scientists design material that can store energy like an eagle's grip

Lining up surprising behaviors of superconductor with one of the world's strongest magnets

OIL AND GAS
Searching for wind for the future

Clock starts for Germany's next wind farm

ENGIE: Wind energy footprint firmed up in Norway

Batteries make offshore wind energy debut

OIL AND GAS
China blasts US solar tariffs, takes WTO action

China cooling has mixed solar power impact

Scientists create a UV detector based on nanocrystals synthesized by using ion implantation

French energy company ENGIE boasts of solar success

OIL AND GAS
Extreme makeover: Fukushima nuclear plant tries image overhaul

Framatome becomes main distributor of Chesterton valve packing and seals for the nuclear energy industry

SUSI submarine robot enables successful visual Inspection at Asco Nuclear Power Plant

EDF sees new delay, cost overruns for nuclear reactor

OIL AND GAS
Scientists discover how to protect yeast from damage in biofuel production

Taming defects in nanoporous materials to put them to a good use

Thermal switch discovered in engineered squid-based biomaterials

Renewables could drastically cut tailpipe emissions

OIL AND GAS
U.S. gas prices stable ahead of Labor Day

Eni building up its position in Egypt

LNG next test for capital efficiency

Oil prices rise on Turkish relief, Saudi oil slowdown

OIL AND GAS
Farmers in war-torn Afghanistan hit by worst drought in decades

NASA finds Amazon drought leaves long legacy of damage

Earth at risk of heading towards 'hothouse Earth' state

Despair as crippling drought hammers Australian farmers









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.