Equinor

The operator plans to acquire seismic and carry out appraisal drilling at the site later this year; the find could be fast-tracked as a tieback to the Goliat FPSO.

Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.

The new Sevan-designed cylindrical FPSO is expected to flow 45,000 BOE/D at peak.

While the court overturned approval for Shell's Jackdaw and Equinor's Rosebank projects, the companies can reapply for consent. Work on the projects can continue, but no fuels can be extracted until the government decisions are retaken.

The year, marked by a fatal accident in February, finished with a decrease in accidents and spills.

Updates about global exploration and production activities and developments.

The Norwegian operator engaged BW Offshore and Altera Infrastructure to take a run at a development scheme for the project.

Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.

The money will aid the partnership of Equinor and Standard Lithium in constructing a processing plant, which, in its first phase, is targeted to produce 22,500 tonnes of lithium carbonate per year for use in battery production.

Updates about global exploration and production activities and developments.