Allseas has won a contract with Aker BP for the delivery of offshore transport and installation (T&I) services for a new processing platform topsides facility with well bay area and living quarters. Allseas will provide offshore T&I services for the Hugin A PdQ, formerly NOA PdQ, processing platform
Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, has completed the acquisition of a stake in the Repsol-operated Yme field located offshore Norway. Lime Petroleum entered into a sale and purchase agreement with Kufpec Norway in August for the acquisition of a 10 per cent inte
Carbon capture and storage (CCS) is a suite of technological processes which involve capturing carbon dioxide (CO2) from the gases discarded by industry and transporting and injecting it into geological formations. According to the Global Status of CCS 2022 report, as of September 2022, 196 commerci
Offshore drilling contractor Seadrill has entered into an agreement to acquire Aquadrill, formerly known as Seadrill Partners, in an all-stock transaction that values the UK firm at $958 million. Following completion, Seadrill shareholders and Aquadrill unitholders will respectively own 62 per cent
Two European gas trading companies have been fined a total of €4.8 million by the Spanish National Markets and Competition Commission (CNMC) for failing to comply with the LNG unloading programs in Spanish regasification companies. On 22 December, the CNMC informed it had sanctioned RWE Supply & Tra
Norwegian oil and gas company Vår Energi has made what is said is the “largest discovery of the year” in the Goliat area in the Barents Sea offshore Norway. Vår Energi confirmed on 23 December the discovery of gas in its operated 7122/9-1 T2 Lupa well. Preliminary estimates of the size of the discov
Aker Solutions has won a contract from Wintershall Dea to provide the subsea production system for the Dvalin North development offshore Norway, shortly after the plan for the development and operation (PDO) of the gas field was submitted. The Dvalin North gas field is located around 200 kilometers
RWE and Harbour Energy have established a partnership to investigate options to capture, transport and store CO2 from RWE’s gas-fired power stations via Viking CCS, Harbour Energy’s CO2 transport and storage network. The partnership is expected to lead to the transportation and storage of captured C
OMV Norge and its partners have submitted the plan for development and operation (PDO) for the Berling gas field, previously known as Iris Hades, to Norway’s Ministry of Petroleum and Energy. The Berling field, which stretches across three licenses with aligned ownership interests (PL644, PL644B and
Abu Dhabi National Oil Company (ADNOC) is acquiring a 24.9 per cent shareholding in Austrian oil and gas company OMV from Mubadala Investment Company. Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, holds 31.5 per cent, with the remaining share capital in free float.
France’s TotalEnergies and Italian Eni, two oil and gas majors, have made a new gas discovery at the Zeus-1 well in Block 6 located offshore Cyprus. The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs, which, as the partners said, re-enforces the promising outlook for the a
Norwegian energy player Equinor and its partners in the Snøhvit project have revealed plans to invest NOK 13.2 billion (around $1.3 billion) in upgrading the Hammerfest LNG (HLNG) plant at Melkøya with onshore gas compression and electrification. On 20 December, Equinor submitted a plan for developm
European energy ministers have reached a political agreement under which the price of natural gas in the European Union will be capped in case it reaches excessive levels that do not reflect world market prices. The mechanism will be automatically activated in case the month-ahead price on the Title
The governments of Norway and France have signed a letter of intent (LoI) to cooperate on the development and deployment of carbon capture and storage (CCS). The aim of the agreement is to promote the development of CCS by creating a framework for cooperation between the two countries to facilitate
