
Equinor and its partners have unveiled plans to pour more than NOK 21 billion ($2.09 billion) in a new subsea development, combining several discoveries in the northern part of the North Sea that will export oil and gas via an existing platform located off the coast of Norway.

SLB OneSubsea has secured an engineering, procurement and construction (EPC) contract with Norwegian state-owned energy company Equinor for a subsea CO2 injection system destined for the second phase of the Northern Lights CO2 transport and storage project. Northern Lights constitutes the transport,