Equinor
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Equinor said it plans to restart construction on the project, which currently is 30% complete. -
A US government order has stopped building activity aimed at harnessing wind energy offshore New York.
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The project is the most northern field offshore Norway to begin production.
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Plugging operations are scheduled to begin early 2026.
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New case studies highlight how artificial intelligence, advanced hardware, and innovative business models are enabling success in drilling automation.
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The first phase of the Norwegian project is expected to receive its first carbon dioxide this year, with the second phase slated to start operations in late 2028.
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The Halten East project in the Norwegian Sea involves fields that if developed independently would be considered too marginal to be economically attractive.
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Industry leaders say they believe oil and gas will continue to play a pivotal role in the energy mix in the lengthening energy transition timeline.
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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.
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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.
