Lundin Energy AB Company News
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Lundin Contracts Odfjell Rig for Up to Nine Wells
Tuesday, January 26, 2021Lundin Energy Norway has awarded Odfjell Drilling a letter of intent (LOI) for the latter's Deepsea Stavanger semi-submersible rig.
Odfjell Drilling Signs Equinor Contracts for At Least 27 Wells
Tuesday, November 24, 2020Odfjell Drilling has signed final rig contracts for a pair of previously announced Equinor drilling campaigns.
Equinor Contracts Odfjell Rig for Up to 17 Wells
Wednesday, July 08, 2020Odfjell's Deepsea Atlantic semi-sub, above, will return to Johan Sverdrup. Photo by Marit Hommedal. PHOTO SOURCE: Equinor ASA
Equinor Completes Lundin Divestiture
Thursday, May 07, 2020This photo shows a view of the Johan Sverdrup field offshore Norway. Photo by Ole Jørgen Bratland. PHOTO SOURCE: Equinor
Seadrill Rig Order Goes to Semco
Friday, January 24, 2020This photo shows the Seadrill-operated West Bollsta harsh-environment rig, which will mobilize on the Norwegian Continental Shelf. PHOTO SOURCE: Semco Maritime.
TechnipFMC Wins North Sea Contract
Wednesday, January 30, 2019The latest Lundin Norway contract builds upon FEED work that TechnipFMC has already performed.
Equinor, Partners to Develop Next Phase of Johan Sverdrup
Monday, August 27, 2018Equinor and partners submit the development plan for the second phase of the Johan Sverdrup project.
Lundin Petroleum Raises Size Of Norway's Rolvsnes Oil Discovery
Monday, August 27, 2018The Rolvsnes oil and gas discovery in Norway's North Sea is almost five times as large as initially thought.
Output At Lundin's Grieg Field Back To Normal After Forties Outage
Wednesday, December 27, 2017Production at Lundin Petroleum's Edvard Grieg oil and gas field off the coast of Norway is back at normal levels.
Sharp Fall In Applications For Norway's Arctic Oil Permits
Tuesday, December 05, 2017Norway'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
Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off
Monday, February 13, 2017Lundin 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).
Swedish Oil Firm Lundin Sees Output More Than Doubling Next Decade
Wednesday, February 01, 2017Swedish 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.
Lundin's Development Expenditure to Top $1B in 2017
Thursday, January 19, 2017Lundin's development expenditure in 2017 will total $1.095 billion.
Oil Industry Teams Up to Fight Cyber-Crime
Thursday, September 29, 2016DNV GL is collaborating with a number of oil and gas companies to develop an industry best practice for addressing the cybercrime threat.
Lundin Terminates Sale of FPSO Bertam to Malaysia's M3nergy Subsidiary
Thursday, August 04, 2016Lundin 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.
Lundin's Profitability Affected by FX Loss, Financing Fees
Wednesday, July 20, 2016Sweden'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.
Lundin Completes Edvard Grieg Acquisition
Friday, July 01, 2016Lundin 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.
NPD Grants Lundin Drilling Permit for Lundin Norway
Thursday, June 09, 2016The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 7220/11-3 AR, located offshore Norway in production license 609.
Rosenberg Secures Fabrication Contract for Johan Sverdrup
Friday, June 03, 2016Rosenberg WorleyParsons AS secures a contract for the fabrication of three bridges and two flare towers for the Johan Sverdrup project.
Lundin Receives Edvard Grieg Acquisition Approval from Energy Ministry
Wednesday, June 01, 2016The 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.
Lundin Petroleum Q1 Beats Forecast, Raises Sverdrup Capacity Estimate
Wednesday, May 11, 2016Lundin Petroleum raises output estimates for the first phase of the giant Johan Sverdrup field as it beats 1Q core earnings expectations.
Lundin Petroleum Reveals Pre-Tax Exploration Costs for 1Q 2016
Friday, April 22, 2016Lundin will incur pre-tax exploration costs of approximately $71 million in the first quarter of 2016, according to the company's latest financial update.
Sweden's Lundin Set for Busy Year Offshore Norway
Thursday, April 07, 2016During 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.
Royal Boskalis Awarded Johan Sverdrup Services Contract
Friday, April 01, 2016Royal Boskalis Westminster N.V. secures a contract by Samsung Heavy Industries for the transportation of topside modules for the Johan Sverdrup project, offshore Norway.
Crude At $40 Isn't The Only Problem Facing Norway's Oil Industry
Wednesday, March 30, 2016In 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.
Lundin Secures Further Financing
Monday, March 21, 2016Lundin 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.
Lundin Finds Gas at Maligan Prospect Offshore East Malaysia
Thursday, March 03, 2016Lundin Malaysia completes the Maligan exploration well in Block SB307/308 offshore East Malaysia after finding significant gas shows.
Samudra Timur Secures Inspection Services Deal from Lundin Malaysia
Tuesday, February 16, 2016Kerjuruteraan Samudra Timur Berhad's subsidiary Samudra Timur secures a contract to provide inspection services to Lundin Malaysia.
Aker to Deliver Johan Sverdrup Concept Study
Wednesday, February 10, 2016Aker Solutions will work on a concept study for a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field.
Lundin Doubles Year-End Losses in 2015
Wednesday, February 03, 2016Lundin 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.
Lundin Farms Out Stakes in 3 PSCs Offshore Malaysia to DYAS
Tuesday, February 02, 2016Lundin Petroleum farms out stakes in three production sharing contracts offshore Malaysia to subsidiaries of Dutch-based DYAS.
Lundin Spuds Maligan Prospect in Block SB307/SB308 Off East Malaysia
Friday, January 29, 2016Lundin spuds the Maligan prospect in Block SB307/SB308 offshore East Malaysia using the jackup West Prospero.
Lundin Reduces CAPEX by 26%, Increases Reserves by 292%
Friday, January 29, 2016Lundin Petroleum reduces its capital expenditure to $1.08 billion in in 2016 and increases its reserve to 685 million barrels of oil equivalents.
Lundin Finds Oil Offshore Malaysia, Spuds North Sea Well
Monday, January 25, 2016Lundin discovers oil offshore Malaysia and spuds another well in the North Sea.
Lundin Sells FPSO Bertam to Malaysia's M3nergy for $265M
Friday, January 22, 2016Sweden's Lundin Petroleum signs deal to sell FPSO Bertam, currently operating in Block PM307 offshore Peninsular Malaysia, to M3nergy for $265 million.
Lundin Hits Dry Well in Norwegian Sea
Wednesday, January 20, 2016Lundin Petroleum comes up dry on exploration well 6407/10-4, located on the Lorry prospect in the southern Norwegian Sea.
Statoil Acquires Minority Stake in Lundin
Thursday, January 14, 2016Statoil acquires minority stake in Lundin Petroleum for a total price of approximately SEK 4.6 billion ($539 million).
North Sea: Indies, Juniors Driving Exploration, Development in 2016
Tuesday, January 12, 2016Rigzone 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.
Lundin Spuds Bambazon Prospect in Block SB307/308 Offshore East Malaysia
Friday, January 08, 2016Lundin 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.
Lundin's Ornen Well Turns Out Dry
Wednesday, December 30, 2015Lundin Petroleum completes the Ornen exploration well in the southern Barents Sea but it turns out to be dry.
Lundin Discovers Oil at Well 16/1-25 S in Central North Sea
Tuesday, December 22, 2015Lundin 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.
Lundin Spuds Imbok-1 Exploration Well Offshore Malaysia
Monday, December 07, 2015Lundin spuds the Imbok-1 exploration well, located in Blocks SB307 and SB308, offshore East Malaysia.
Edvard Grieg Field Begins Production
Monday, November 30, 2015The Edvard Grieg oil field, located in the Norwegian North Sea, begins production.
NPD Grants Lundin Drilling Permit for Well 16/4-10
Monday, November 30, 2015The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 16/4-10, located in production license 544 offshore Norway.
Lundin Drills Dry Well in Block PM308A Offshore Malaysia
Thursday, November 26, 2015Lundin Petroleum completes the Selada-1 prospect in Block PM308A offshore Malaysia as a dry well.
Lundin Spuds Ornen Prospect Well in Barents Sea
Tuesday, November 24, 2015Lundin Norway AS commences the drilling of exploration well 7130/4-1, located on the Ornen prospect in the southern Barents Sea.
Lundin Spuds Lorry Prospect Well Offshore Norway
Friday, November 13, 2015Lundin Norway AS spuds exploration well 6407/10-4, located on the Lorry prospect in PL700 offshore Norway.
Lundin Spuds Selada-1 Prospect in Block PM308A Offshore Malaysia
Monday, November 09, 2015Lundin Petroleum spuds Selada-1 prospect in Block PM308A offshore Malaysia with the West Prospero jackup.
Lundin Halts Neiden Prospect Drilling Due to Winter Restrictions
Thursday, November 05, 2015Lundin 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.
Lundin to Continue to Reduce Costs and Improve Efficiency
Wednesday, November 04, 2015Lundin Petroleum will continue to improve its operational and capital efficiency and work to reduce its costs for the foreseeable future, according to Lundin's president and CEO, Alex Schneiter.