Aker Solutions
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Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year.
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Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs.
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The cement industry is exploring carbon capture technology to reduce its carbon footprint.
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Delivery of the umbilicals is expected in Q4 2021. The King’s Quay FPS achieved FID in Q2 2019, and is expected to process up to 80,000 B/D of crude oil with first production in 2022.
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The company started operating its mobile test facility for carbon capture at Preem’s refinery in Lysekil, Sweden.
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Sandvik and SNC-Lavalin made similar announcements in late March and would take further action if necessary.
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The five-year contract is worth an estimated $400 and covers more than 200 offshore assets.
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The umbilicals will be designed and manufactured at Aker Solutions’ facility in Alabama.
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Before the dream of a “subsea factory” can come true, a group of North Sea companies will need to see if the required technology is economically feasible to build.
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The company’s new approach is designed to cut the time required to generate optimal subsea field layouts.