Norway

The first phase of the project is set for completion in 2024. As a part of the project, Equinor, Shell, and Total will establish a new joint-venture enterprise. Equinor has awarded two EPC contracts.

A Norwegian shipping company is eyeing smaller battery energy storage systems to design and develop greener heavy-lift jackups.

The Petroleum Safety Authority Norway is worried about a rising number of serious incidents in the industry and has asked the companies to prioritize work on safety.

The memorandum of understanding with Microsoft follows a conditional investment decision made in May by Equinor, Shell, and Total. Pending Norwegian government approval, the final investment decision for the project is expected in late 2020 with startup expected in 2024.

Akers BP said it will use lessons learned from the pilot and scale the remote-assist concept across its assets.

Winning innovators focused on environment, safety, and operational efficiency.

Dugong could become a new North Sea production hub says offshore explorer Neptune Energy upon its latest discovery.

A report from the Norwegian Petroleum Directorate details how production powered from shore would cut down on carbon dioxide emissions. All of the planned projects from the onshore power grid are expected by the mid-2020s.  

Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year.

An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.