Norway
-
Plans call for license partner Aker BP to serve as operator during the development phase, with operatorship reverting to DNO after first oil in 2028. -
Updates about global exploration and production activities and developments.
-
The DeepOcean-lead joint industry project aims to advance commercialization of a new patented technology that heats pipeline systems deployed in deepwater where flow assurance can be a challenge.
-
Industry observers warn that the future of the UK North Sea hinges less on geology than on whether fiscal stability can be restored.
-
The subsea field is part of the larger Snøhvit development in the Barents Sea.
-
A total of 20 companies submitted applications for new exploration blocks offshore Norway.
-
The initial phase of the carbon capture and storage project has a capacity of 1.5 million tonnes per year, with a second phase—due online in 2028—expected to bring the storage capacity to 5 million tonnes per year.
-
The operator estimates discovering more than 96 million BOE of recoverable volumes with its latest Norwegian North Sea exploration activity.
-
Electricity produced onshore powers oil production at Johan Sverdrup holding CO₂ emissions at only 5% of the global average.
-
The field, which holds the first production license on the Norwegian Continental Shelf, sent oil to the Jotun FPSO on 23 June.
Page 1 of 16