North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
Aker Solutions ASA engineers and builds energy infrastructure while providing a range of products and consultancy services to low-carbon and renewable energy projects. Based in Oslo, the company's offerings to the energy industry include the systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastructure and engineer CO2 capture and sequestration.
Snøhvit(English: Snow White) is the name of a natural gas field in the Norwegian Sea, situated 140 kilometres (87 mi) northwest of Hammerfest, Norway. The northern part of the Norwegian Sea is often described as the Barents Sea by offshore petroleum companies. Snøhvit is also the name of a development of Snøhvit and the two neighbouring natural gas fields Albatross and Askeladden. Estimated recoverable reserves are 193 billion cubic metres of natural gas, 113 million barrels of condensate, and 5.1 million tonnes of natural gas liquids (NGL). The development comprises 21 wells. The Snøhvit development is operated by Equinor on behalf of six gas companies owning licenses:
BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 490 vessels managed by an international team of over 12,000 staff worldwide. The group was founded by Sir Yue-Kong Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the company acquired Bergesen d.y. ASA, Norway's largest shipping company, which was founded in 1935 by Sigval Bergesen the Younger. In 2005, the business was re-branded as BW. With its LNG and LPG fleets combined, BW Group owns and operates the world's largest gas shipping fleet of more than 200 gas vessels, including five FSRUs. Hafnia, a member of the BW Group, operates the world's largest fleet of oil product tankers, and BW Offshore comprises the second largest number of floating oil and gas production units (FPSOs). BW's controlled fleet of over 490 ships also includes crude oil supertankers and dry bulk carriers.
Smedvig ASA, ("Smedvig"), was a Norwegian offshore oil rig company headquartered in Stavanger until it was acquired by rig newcomer SeaDrill of tanker mogul John Fredriksen. At time of the merger Smedvig operated two semi submersibles, one drillship and one jack up rig in the Norwegian and British sector of the North Sea. A fleet of seven tender rigs were operated in South East Asia from the Singaporean subsidiary Smedvig Asia. As part of the merger, Smedvig's staff was transferred to Seadrill with Smedvig senior personnel assuming key positions in Seadrill. Smedvig was delisted from the OSE and NYSE, while Seadrill is listed on the Oslo Stock Exchange.
Rocksource was a technology-based exploration and production petroleum company listed on the Oslo Stock Exchange. The company was established as a partnership between Norwegian entrepreneurs, oil industry professionals and academics, Jonny Hesthammer and John Howell from the University of Bergen. The company focused on two areas. For exploration the company developed algorithms for the processing of Controlled Source Electromagnetic (CSEM) data which were used as part of an integrated exploration process. Secondly the company successfully exported "North Sea style" reservoir management techniques to the highly conservative onshore gas fields of east Texas where it bought old oil and gas fields and revitalized them.
Equinor ASA is a Norwegian state-owned multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. In 2023, the company was ranked 52nd in the same list. As of 2021, the company has 21,126 employees.
Hafslund AS is a group with ownership within the power industry. The group is fully owned by Oslo municipality. Hafslund's core business streams are hydropower, with 56 percent ownership in Norway's second largest hydropower company Hafslund Eco AS, and district heating, as majority shareholder in Norway's largest district heating company Hafslund Oslo Celsio AS. The group also owns 50 percent of Eidsiva Energi and thereby 50 percent of Norway's grid company Elvia, as well as broadband and bio heat. Hafslund AS also owns 49 percent of Fredrikstad Energi AS. The group has also ownership in Hafslund New Energy with operations within electrification and Hafslund is one of three partners in the offshore wind partnership Blåvinge together with Fred. Olsen Renewables and Ørsted.
Hydro Oil & Gas is a defunct division of Norsk Hydro that operated within the oil and gas industry. On October 1, 2007 it merged with Statoil to form the new corporation StatoilHydro.
The AF Group ASA is the third largest civil engineering and construction company in Norway. The company headquarters is located in Oslo. The AF Group is listed on the Oslo Stock Exchange.
Perenco is an independent Anglo-French oil and gas company with a headquarters in London and Paris. It conducts exploration and production activities in 16 countries around the globe. Perenco is involved in operations both onshore and offshore with production equal to approximately 450,000-barrel (72,000 m3) of oil equivalent per day.
Goliat field is an offshore oil field in the Norwegian sector of the Barents Sea. It is located 85 kilometres (53 mi) northwest of Hammerfest. The license is owned by Vår Energi AS and Equinor ASA (35%). It was awarded in 1997. Oil was discovered in 2000. The field development concept was approved by the Government of Norway on 8 May 2009. The field will be developed by using Goliat FPSO, a floating production storage and offloading unit.
Aker BP ASA is a Norwegian oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf. It is present all over Norway. The headquarters are in Fornebu with additional offices in Trondheim, Stavanger and Harstad. The company employs a staff of more than 2,400.
Endre Røsjø is a Norwegian investment banker based in London. He holds an MBA with distinction from Harvard University (1970).
Genel Energy plc is an oil company with a registered office in Jersey and a field office in Turkey. The company is listed on the London Stock Exchange. It has its exploration and production operations in the Kurdistan region of Iraq, as well as exploration licences in Morocco and Somaliland. The company owns rights in three production sharing contracts in the KRI, including interests in the Taq Taq, Sarta, and Tawke licences.
Gulf Keystone Petroleum Limited is an independent oil and gas exploration and production company that operates in the Kurdistan region of Iraq. It is also the operator of the Shaikan oil field. The company was listed on the main market of the London Stock Exchange on September 8, 2004. Jon Harris serves as its chief executive officer.
Rex International Holding is an oil and gas company headquartered in Singapore and listed on the Singapore Exchange Securities Trading Limited’s Mainboard. The company was publicly listed on 31 July 2013 on Singapore Exchange's secondary board Catalist and started trading on the Singapore Exchange's Mainboard on 8 March 2022.
The Ministry of Energy and Minerals is one of the governmental bodies of Somaliland. The ministry has the function of developing and implementing policies related to electricity, minerals, petroleum and petroleum products, the current minister is Abdillahi Farah Abdi.
Teekay is a Canadian shipping corporation which specialises in shipping crude oil.
Vår Energi AS is a Norwegian oil and gas company headquartered in Stavanger, Norway. The company was established in 2018 following the merger between Eni Norway and Point Resources. Vår Energi AS is a publicly traded company listed on Oslo Stock Exchange with Eni as the largest stock holder.
