Lundin Energy

The company has renamed itself Orrön Energy and will be a pure-play renewables business. Lundin's E&P business was transferred to Aker BP, closing a $14-billion deal announced in December 2021.

The company, which runs a marketplace for commodities with the consideration of environmental, social, and governance (ESG) factors, will register crude produced by Lundin Energy with the help of certification company Intertek.

Deal with OMV raises interest to 35% on Barents Sea project slated to come online in 2028.

Norwegian oil firm chooses Aker, Sevan, TechnipFMC and others to continue studying $8-billion-plus Barents Sea development.

The Swedish operator is using a $35-million tree-planting initiative to offset the estimated 98,000 BOED it produces from the Edvard Grieg field about 111 miles offshore Stavanger.

The well was meant to prove hydrocarbons in Triassic-aged sandstones within the Kobbe formation of the Polmak prospect.

Intertek announced the first certification awarded under its new CarbonClear independent upstream carbon intensity certification program. The certification was awarded to Lundin Energy for its Edvard Grieg field in the central North Sea.

The Swedish oil and gas producer is aiming to produce 200,000 B/D while offsetting the entirety of its carbon footprint.

Phase 1 of the North Sea megaproject—Norway’s largest offshore development since the 1980s—has come on stream. Johan Sverdrup is expected to produce 660,000 BOPD at its peak.

Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned. Phase 1 startup is still scheduled for November.