Business Developments & Projects
UK player frustrated by production shut-in at North Sea gas project
IOG has revealed that production at its gas project in the UK sector of the North Sea, has been shut-in due to liquids handling issues.
Hackberry Carbon Sequestration project launched at Cameron LNG in Louisiana
TotalEnergies, Sempra Infrastructure, Mitsui and Mitsubishi Corporation have signed an agreement for the development of the Hackberry Carbon Sequestration project at Cameron LNG.
Two Norwegian operators cleared for offshore drilling ops with Odfjell rigs
Equinor and Aker BP have secured permits from Norwegian authorities for three wildcat wells off Norway to be drilled by Odfjell’s rigs.
MOL, partners launch facility for technical carbon removals
On 23 May, five companies from across Asia, Europe, and North America announced their plan to join the NextGen CDR Facility as founding buyers to scale up carbon removal technologies and catalyze the market for high quality carbon removals.
Wintershall Dea sells stakes in three North Sea fields to focus on gas
Wintershall Dea has reached an agreement with OKEA to sell its stakes in three North Sea fields for €108 million.
Santorini-Naxos power link enters construction phase
Construction works on Santorini-Naxos electrical interconnection, owned by the Independent Power Transmission Operator (IPTO), have commenced.
Latvia’s Virši to buy Skulte LNG Terminal stake
Virši has signed an agreement with Skulte LNG terminal to buy 20 per cent of its shares and announced plans to jointly develop an LNG terminal at the port of Skulte.
Rio Tinto, BP team up on one-year sustainable biofuel trial
Anglo-Australian mining group Rio Tinto and British energy company BP have agreed to work together on a one-year biofuel trial to help reduce carbon emissions from Rio Tinto’s marine fleet.
CGG inks long-term 4D imaging deal with Equinor
CGG has secured a multi-year contract with Equinor for 4D seismic imaging of multiple towed-streamer and ocean bottom cable (OBC) datasets from the Gullfaks field area in the Norwegian North Sea.
Halliburton to help Aker BP in accelerating digital transformation
Halliburton has joined forces with Aker BP to develop a next-generation intelligent system, aiming to evolve field development planning.
UK geothermal specialist awarded ‘first of its kind’ study to decarbonise oil & gas extraction
CeraPhi Energy has been awarded funds to carry out a decarbonisation study, aiming to repurpose offshore oil and gas wells.
Boskalis, DEME, Jan De Nul, Van Oord withdraw from Russia
Contractors representing the Big Four dredging companies (Van Oord, Boskalis, Jan de Nul, DEME), which account for over 98% of dredging works in Russian ports, have withdrawn from Russia’s Arctic infrastructure projects. As of Friday, Russian market of dredging depends on foreign companies, accordin
Norway’s oil and gas output sinks in April
Norway’s oil production fell behind predictions for the second month in a row while gas output is in line with the NPD’s forecast.
In focus: Europe’s political balancing act within offshore energy realm
European governments’ efforts to balance the security of the energy supply and climate change materialised in the form of a plan, which is expected to reduce its dependence on Russian fossil fuels and fast forward the green transition.