North Sea

The vessel is expected to be delivered by the end of the year, while the project's new port in Esjberg is on target for completion this autumn.

The test marks a milestone in the Poseidon CCS project, which aims to store carbon dioxide in the depleted gas reservoir below the Leman development in the southern North Sea.

The combined group will be renamed NEO NEXT Energy and is expected to become one of the largest independent producers in the North Sea.

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.

The production unit for the Balder field in the North Sea is expected to go on-stream in the second quarter of 2025 following the staged tow-out of the FPSO.

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.

Global offshore decommissioning projects hear the starting gun in Australia and the North Sea, but will the race be a marathon or a sprint?

Delayed decommissioning has been a theme on the UK Continental Shelf thanks to legal, regulatory, and technical hurdles, the report says.

Updates about global exploration and production activities and developments.