After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.Exploration activity could recover to 2019 levels and investment in new developments is set to increase…
An Australian company has lined up the country's national science agency and Japanese firms to work on a plan to capture carbon dioxide, and liquefy and transport it to a site offshore Australia to be injected under the seabed.The push comes…
Norwegian carbon capture firm Aker Carbon Capture has signed a Memorandum of Understanding with Sweden’s power company Vattenfall to accelerate the evaluation of future carbon capture plants in Sweden and Northern Europe.Aker Carbon Capture…
In what has been described as 'the greatest climate project in Norwegian industry ever' the Norwegian government on Monday submitted a white paper to parliament, proposing to launch a $2,7 billion carbon capture and storage (CCS) project in Norway…
After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said.In a report on Monday…
Equinor, Norway's largest oil company, said Tuesday that the Covid-19 pandemic and weakened Norwegian krone have negatively impacted some of its offshore development projects in Norway, however, the company said that its 'combined project portfolio is still very resilient…
Norway's ambition to build a full-scale carbon capture and storage (CCS) chain could cost around $25 billion crowns ($2.58 billion), including operating costs for ten years, an economic analysis showed on Thursday.The International Energy Agency…
A group of European energy companies led by Norway's Equinor agreed on Friday to develop jointly a facility beneath the North Sea to store carbon dioxide storage, a technology that helps in the fight against climate change.The Northern Lights carbon capture and storage (CCS) project…
As the global energy industry enters a period of increased offshore deepwater exploration driven by economic viability, the demand for international underwater monitoring services looks set to strengthen into the new decade. According to a report from TechSci Research1…
Equinor, with its partners Shell and Total, has completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea. The purpose was to determine the suitability of the reservoir in the Johansen formation for CO₂ storage…
Equinor Energy has received approval from the Norwegian Petroleum Directorate to drill a wildcat well in the North Sea, offshore Norway.The company will use the West Hercules semi-submersible drilling rig to drill the Gabriel prospect exploration well formally named well 35/10-5…
Ashtead Technology, the provider of technically advanced subsea solutions, tools and systems, has completed subsea installation monitoring work to support the Northern Lights Carbon Capture Storage project (CCS) in the North Sea.The Global subsea…
“Fit at 50”, “life begins at 70” and “the swinging 60s” were all slogans chosen to reflect oil price market sentiment in 2017, 2018 and 2019, respectively. This year, at the Society of Underwater Technology’s (SUT) annual Global Subsea Market Outlook Business Breakfast…
Partners in the Northern Lights project will drill an exploration well south of the Troll field in the North Sea with the objective to not find oil and gas.Wildcat well 31/5-7 Eos is being drilled to investigate whether the reservoir in the…
A seismic shift in the dialogue around big oil and climate has occurred in the past 12 months. It’s a change in how big oil is orientating itself around what many call the energy transition. Climate goals - governmental, international and industry…
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