Norway

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.

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.