Fossil Energy
Oil majors in further push for carbon capture and storage solutions
Equinor has, on behalf of the partners of the Northern Lights project, signed memoranda of understanding with seven European companies to develop value chains in carbon capture and storage.
Prosafe-Floatel merger raises competition concerns in UK
The proposed merger between offshore accommodation firms Prosafe and Floatel has faced a setback in the UK
Novatek sanctions $21.3 B Arctic LNG 2 project
Russian oil and gas company Novatek has made a final investment decision for the development of the $21.3 billion Arctic LNG 2 project, using gravity-based structure (GBS) offshore platforms in the Ob Bay in Russia.
Equinor preparing for early start-up at Johan Sverdrup
Equinor and its partners are preparing for production start from the Johan Sverdrup field already in October this year, one month ahead of schedule.
PD&MS awarded raft of new contracts
PD&MS Group has secured long-term contracts in excess of £400 million in the past 12 months. The new and renewed awards have resulted in over 100 additional personnel being employed to support projects in the North Sea and Azerbaijan.
DNV GL expands digital twin concept into risk analysis space
DNV GL has proposed the Probabilistic Digital Twin (PDT) to close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service.
North Sea M&A deals fail to deliver value, WoodMac says
Wood Mackenzie has analyzed 55 largest deals made in the North Sea over the last years and found that only 18 of these deals have made a positive return.
Norway: 33 oil firms apply for APA offshore acreage
Thirty-three oil companies have applied for offshore acreage on the Norwegian Shelf, offered as part of the Awards in Predefined Areas (APA) 2019.
Repsol Sinopec renews Petrofac’s North Sea contract
Petrofac has been awarded a major contract extension in support of Repsol Sinopec Resources UK’s North Sea operations.
Repsol gets permit for North Sea wildcat
The Norwegian Petroleum Directorate (NPD) has granted Repsol Norge a drilling permit for a well located offshore Norway.
Equinor brings online first tie-back to Aasta Hansteen field
Norway’s Equinor and its partners started production from the Snefrid Nord gas field, the first discovery tied back to the Norwegian Sea Aasta Hansteen field on September 1, 2019.
Aker Solutions cuts first steel for Chinese gas project
Aker Solutions has started fabrication work on the China National Offshore Oil Corporation (CNOOC) Lingshui 17-2 gas development project with the first steel cutting of subsea manifold in Tianjin, China.
Gardline kicks off site survey over Providence’s Barryroe field
A site survey over the Providence Resources-operated Barryroe oil accumulation located offshore Ireland has started.
Serica to roll out real-time monitoring software on North Sea platform
Serica Energy has signed a deal to adopt the Restrata Platform – a technology which provides real-time monitoring of people and assets around the world.