Norway

A new licensing round will open up 136 blocks in the Arctic Barents Sea.

The cement industry is exploring carbon capture technology to reduce its carbon footprint.

Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year.

An investment decision this year would sanction Norway’s first CO2 storage project. Phase 1 is expected to be operational in 2024.

Time-stamped data anomalies can lead to more-accurate identification and faster diagnosis.

The announcement comes as Aker BP has stopped all nonsanctioned projects. The remaining two Phase 2 wells will come on stream in 2021.

The savings result in part from the depreciation of global currencies against the US dollar, as most operating expenses in oil and gas production are realized in local currencies. Brazil leads in savings.

Westwood Global Energy’s analysis looks at production, cost, and revenue estimates in the UK and Norway, should oil prices remain low. The research group also provided an outlook on drilling activity.

The Norwegian wind farm is expected to start up in 2022. The wind farm is also expected to create spinoff effects during the project’s life.

An ultrahigh-density high-resolution data set from the Hammerfest Basin is now available from PGS. The area is thought to contain around half of the undiscovered resources on the Norwegian continental shelf, according to the Norwegian Petroleum Directorate.