Lundin Energy AB Company News

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Odfjell Finalizes Contract for Deepsea Stavanger
Odfjell Drilling has contracted the Deepwater Stavanger to Lundin Energy Norway.
7:00 PM EST | March 02, 2021
Lundin Contracts Odfjell Rig for Up to Nine Wells
Lundin Energy Norway has awarded Odfjell Drilling a letter of intent (LOI) for the latter's Deepsea Stavanger semi-submersible rig.
7:00 PM EST | January 25, 2021
Odfjell Drilling Signs Equinor Contracts for At Least 27 Wells
Odfjell Drilling has signed final rig contracts for a pair of previously announced Equinor drilling campaigns.
7:00 PM EST | November 23, 2020
Equinor Contracts Odfjell Rig for Up to 17 Wells
Odfjell's Deepsea Atlantic semi-sub, above, will return to Johan Sverdrup. Photo by Marit Hommedal. PHOTO SOURCE: Equinor ASA
8:00 PM EST | July 07, 2020
Equinor Completes Lundin Divestiture
This photo shows a view of the Johan Sverdrup field offshore Norway. Photo by Ole Jørgen Bratland. PHOTO SOURCE: Equinor
8:00 PM EST | May 06, 2020
Seadrill Rig Order Goes to Semco
This photo shows the Seadrill-operated West Bollsta harsh-environment rig, which will mobilize on the Norwegian Continental Shelf. PHOTO SOURCE: Semco Maritime.
7:00 PM EST | January 23, 2020
TechnipFMC Wins North Sea Contract
The latest Lundin Norway contract builds upon FEED work that TechnipFMC has already performed.
7:00 PM EST | January 29, 2019
Equinor, Partners to Develop Next Phase of Johan Sverdrup
Equinor and partners submit the development plan for the second phase of the Johan Sverdrup project.
8:00 PM EST | August 26, 2018
Lundin Petroleum Raises Size Of Norway's Rolvsnes Oil Discovery
The Rolvsnes oil and gas discovery in Norway's North Sea is almost five times as large as initially thought.
8:00 PM EST | August 26, 2018
Output At Lundin's Grieg Field Back To Normal After Forties Outage
Production at Lundin Petroleum's Edvard Grieg oil and gas field off the coast of Norway is back at normal levels.
7:00 PM EST | December 26, 2017
Sharp Fall In Applications For Norway's Arctic Oil Permits
Norway's attractiveness as an oil region took a hit when energy authorities said 11 oil firms applied for stakes in exploration blocks in its latest oil licensing round
7:00 PM EST | December 04, 2017
Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off
Lundin Petroleum's board of directors proposes to spin-off its assets in Malaysia, France and the Netherlands into a newly formed company called International Petroleum Corporation (IPC).
7:00 PM EST | February 12, 2017
Swedish Oil Firm Lundin Sees Output More Than Doubling Next Decade
Swedish oil firm Lundin's output will more than double before the middle of the next decade after development of Norway's giant Johan Sverdrup oilfield is complete.
7:00 PM EST | January 31, 2017
Lundin's Development Expenditure to Top $1B in 2017
Lundin's development expenditure in 2017 will total $1.095 billion.
7:00 PM EST | January 18, 2017
Oil Industry Teams Up to Fight Cyber-Crime
DNV GL is collaborating with a number of oil and gas companies to develop an industry best practice for addressing the cybercrime threat.
8:00 PM EST | September 28, 2016
Lundin Terminates Sale of FPSO Bertam to Malaysia's M3nergy Subsidiary
Lundin Petroleum terminates the proposed sale of FPSO Bertam to a subsidiary of Malaysia's M3nergy Berhad after the latter failed to secure the necessary financing within the given timeline.
8:00 PM EST | August 03, 2016
Lundin's Profitability Affected by FX Loss, Financing Fees
Sweden's Lundin Petroleum says profitability during the second quarter will be adversely affected by a net foreign exchange loss of $64 million and financing fees of $22 million.
8:00 PM EST | July 19, 2016
Lundin Completes Edvard Grieg Acquisition
Lundin Petroleum AB completes the acquisition of an additional 15% interest in the Edvard Grieg field, PL338 and interests in associated pipeline assets, from Statoil Petroleum AS.
8:00 PM EST | June 30, 2016
NPD Grants Lundin Drilling Permit for Lundin Norway
The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 7220/11-3 AR, located offshore Norway in production license 609.
8:00 PM EST | June 08, 2016
Rosenberg Secures Fabrication Contract for Johan Sverdrup
Rosenberg WorleyParsons AS secures a contract for the fabrication of three bridges and two flare towers for the Johan Sverdrup project.
8:00 PM EST | June 02, 2016
Lundin Receives Edvard Grieg Acquisition Approval from Energy Ministry
The Norwegian Ministry of Petroleum and Energy grants Lundin Norway approval to acquire an additional 15% interest in the Edvard Grieg field, and interests in associated pipeline assets, from Statoil.
8:00 PM EST | May 31, 2016
Lundin Petroleum Q1 Beats Forecast, Raises Sverdrup Capacity Estimate
Lundin Petroleum raises output estimates for the first phase of the giant Johan Sverdrup field as it beats 1Q core earnings expectations.
8:00 PM EST | May 10, 2016
Lundin Petroleum Reveals Pre-Tax Exploration Costs for 1Q 2016
Lundin will incur pre-tax exploration costs of approximately $71 million in the first quarter of 2016, according to the company's latest financial update.
8:00 PM EST | April 21, 2016
Sweden's Lundin Set for Busy Year Offshore Norway
During a visit to meet Norway's "Subsea Valley" industry, Rigzone hears the managing director of Lundin Petroleum's Norwegian operation detail the firms plans for 2016 on the Norwegian Continental Shelf.
8:00 PM EST | April 06, 2016
Royal Boskalis Awarded Johan Sverdrup Services Contract
Royal Boskalis Westminster N.V. secures a contract by Samsung Heavy Industries for the transportation of topside modules for the Johan Sverdrup project, offshore Norway.
8:00 PM EST | March 31, 2016
Crude At $40 Isn't The Only Problem Facing Norway's Oil Industry
In addition to the collapse of crude prices, explorers in western Europe's biggest oil-producing nation have also had their leanest drilling spell in almost a decade.
8:00 PM EST | March 29, 2016
Lundin Secures Further Financing
Lundin Petroleum AB enters into a committed short term revolving credit facility of $300 million and receives additional commitments of $135 million under a reserve-based lending facility accordion.
8:00 PM EST | March 20, 2016
Lundin Finds Gas at Maligan Prospect Offshore East Malaysia
Lundin Malaysia completes the Maligan exploration well in Block SB307/308 offshore East Malaysia after finding significant gas shows.
7:00 PM EST | March 02, 2016
Samudra Timur Secures Inspection Services Deal from Lundin Malaysia
Kerjuruteraan Samudra Timur Berhad's subsidiary Samudra Timur secures a contract to provide inspection services to Lundin Malaysia.
7:00 PM EST | February 15, 2016
Aker to Deliver Johan Sverdrup Concept Study
Aker Solutions will work on a concept study for a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field.
7:00 PM EST | February 09, 2016
Lundin Doubles Year-End Losses in 2015
Lundin posts a loss of $866.3 million in 2015, which was more than double the $431.9 million loss registered by the company in 2014.
7:00 PM EST | February 02, 2016
Lundin Farms Out Stakes in 3 PSCs Offshore Malaysia to DYAS
Lundin Petroleum farms out stakes in three production sharing contracts offshore Malaysia to subsidiaries of Dutch-based DYAS.
7:00 PM EST | February 01, 2016
Lundin Spuds Maligan Prospect in Block SB307/SB308 Off East Malaysia
Lundin spuds the Maligan prospect in Block SB307/SB308 offshore East Malaysia using the jackup West Prospero.
7:00 PM EST | January 28, 2016
Lundin Reduces CAPEX by 26%, Increases Reserves by 292%
Lundin Petroleum reduces its capital expenditure to $1.08 billion in in 2016 and increases its reserve to 685 million barrels of oil equivalents.
7:00 PM EST | January 28, 2016
Lundin Finds Oil Offshore Malaysia, Spuds North Sea Well
Lundin discovers oil offshore Malaysia and spuds another well in the North Sea.
7:00 PM EST | January 24, 2016
Lundin Sells FPSO Bertam to Malaysia's M3nergy for $265M
Sweden's Lundin Petroleum signs deal to sell FPSO Bertam, currently operating in Block PM307 offshore Peninsular Malaysia, to M3nergy for $265 million.
7:00 PM EST | January 21, 2016
Lundin Hits Dry Well in Norwegian Sea
Lundin Petroleum comes up dry on exploration well 6407/10-4, located on the Lorry prospect in the southern Norwegian Sea.
7:00 PM EST | January 19, 2016
Statoil Acquires Minority Stake in Lundin
Statoil acquires minority stake in Lundin Petroleum for a total price of approximately SEK 4.6 billion ($539 million).
7:00 PM EST | January 13, 2016
North Sea: Indies, Juniors Driving Exploration, Development in 2016
Rigzone takes a look at the 2016 exploration and field development plans of junior and independent oil and gas firms focused on the North Sea region.
7:00 PM EST | January 11, 2016
Lundin Spuds Bambazon Prospect in Block SB307/308 Offshore East Malaysia
Lundin Petroleum spuds the Bambazobn exploration well in Block SB307/308 offshore East Malaysia after completing drilling operations at Imbok-1 prospect in the same block.
7:00 PM EST | January 07, 2016
Lundin's Ornen Well Turns Out Dry
Lundin Petroleum completes the Ornen exploration well in the southern Barents Sea but it turns out to be dry.
7:00 PM EST | December 29, 2015
Lundin Discovers Oil at Well 16/1-25 S in Central North Sea
Lundin Norway AS discovers oil at exploration well 16/1-25 S, located in PL338C in the central North Sea sector of the Norwegian Continental Shelf.
7:00 PM EST | December 21, 2015
Lundin Spuds Imbok-1 Exploration Well Offshore Malaysia
Lundin spuds the Imbok-1 exploration well, located in Blocks SB307 and SB308, offshore East Malaysia.
7:00 PM EST | December 06, 2015
Edvard Grieg Field Begins Production
The Edvard Grieg oil field, located in the Norwegian North Sea, begins production.
7:00 PM EST | November 29, 2015
NPD Grants Lundin Drilling Permit for Well 16/4-10
The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 16/4-10, located in production license 544 offshore Norway.
7:00 PM EST | November 29, 2015
Lundin Drills Dry Well in Block PM308A Offshore Malaysia
Lundin Petroleum completes the Selada-1 prospect in Block PM308A offshore Malaysia as a dry well.
7:00 PM EST | November 25, 2015
Lundin Spuds Ornen Prospect Well in Barents Sea
Lundin Norway AS commences the drilling of exploration well 7130/4-1, located on the Ornen prospect in the southern Barents Sea.
7:00 PM EST | November 23, 2015
Lundin Spuds Lorry Prospect Well Offshore Norway
Lundin Norway AS spuds exploration well 6407/10-4, located on the Lorry prospect in PL700 offshore Norway.
7:00 PM EST | November 12, 2015
Lundin Spuds Selada-1 Prospect in Block PM308A Offshore Malaysia
Lundin Petroleum spuds Selada-1 prospect in Block PM308A offshore Malaysia with the West Prospero jackup.
7:00 PM EST | November 08, 2015
Lundin Halts Neiden Prospect Drilling Due to Winter Restrictions
Lundin Norway AS temporarily suspends drilling operations on exploration well 7220/6-2, on the Neiden prospect in PL609, due to winter restrictions on the use of the Island Innovator rig.
7:00 PM EST | November 04, 2015