From the Editor: What a Year…Dec 7, 2005
This has been a year of milestones – most notably the centennial celebrations of both Norway and Norsk Hydro. The most recent era in Norway’s history – the oil adventure – continues, and Norsk Hydro – not surprisingly – is the original Norwegian Oil Company.
Hydro CelebratesDec 7, 2005
It was an August Saturday in Oslo’s Frogner Park, and inside a tent – that by some accounts was the largest ever erected in Norway – employees from Norsk Hydro were gathered to celebrate the company’s first 100 years. But the day was more than an employee party in a tent. Residents of the Oslo area, who gathered in record numbers, were treated to an afternoon and evening of world-class entertainment. All in all, not just another Saturday in the park.
Pioneering the Deep Seas in NorwayDec 7, 2005
Hydro’s giant Ormen Lange project is currently Europe’s biggest gas development and the first deepwater field to be developed on the Norwegian Continental shelf. Due on stream in 2007, the field will be linked to the UK via the world’s longest subsea gas pipeline, and will supply the UK with up to 20 percent of its total gas requirement.
Snøhvit Subsea Development: Subsea System and InstallationDec 7, 2005
The Snøhvit subsea field development current status is that all structures, pipelines and umbilicals have been installed and tied-in during 2005 and according to plan. The remaining seabed intervention activities are ongoing and will continue in 2006. Seven of ten wells has been drilled and completion of the wells being performed according to schedule with the rig Polar Pioneer. The remaining work is to drill and complete three wells on Albatross and finally clean-up and test all wells. The rig activity will continue until summer 2006.
Financing the Globalisation of Natural GasDec 7, 2005
According to IEA estimates, global gas demand is expected to double over the next 30 years to nearly5,000 billion cubic metres (bcm). Over the same period, inter-regional gas trade is expected to triple to over 1,200 bcm, of which, LNG is expected to account for around half (680 bcm). In order to realise these large growth numbers, substantial investments will be required, amounting to an estimated USD 250 billion for the total chain, ranging from liquefaction to transportation to re-gasification.
The Coolest Company in the WorldDec 7, 2005
They have a long history of going against the grain. When conventional wisdom says they should go one way, they invariably make a sharp turn. And they keep launching groundbreaking products – that’s why Apple is the world’s most innovative company.