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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.
Production from the Búzios field now tops 1 million B/D with six floating production systems in operation and more on the way.
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After a lot of talk of the transition, BP and Total are making bids to become major wind energy producers in the UK. Meanwhile, NOV said the offshore wind sector is becoming a big business for it too. -
The floating production unit is making the trek across the Pacific Ocean to its new home in the US Gulf of Mexico.
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Annual Deloitte/OGUK study highlights cost reduction, checks the role of the coronavirus and energy transition on collaboration bonds.
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Europe’s gas pipeline wars are in a muddle as the US throws its support to the EastMed project to supply Israeli gas to Italy, transiting Greece and Cyprus; while at the same time the US is sanctioning the Russian-German Nord Stream 2 pipeline, which is already 90% complete.
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Projects from the North Sea, Australia, and Saudi Arabia are in the running.
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Using renewable energy can help the oil and gas industry to reduce emissions while getting a stable, high-quality power supply. The renewable energy system can even be used to help the oil and gas facilities with enhanced oil recovery.
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Shell and Tomson Technologies completed field trials in the Gulf of Mexico using new nanoparticle-enabled phosphonate and polymer inhibitors that improve the treatment lifetime of scale squeezes.
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With all critical components nearly in place, production is set to start this year at the Lingshui 17-2, China’s first ultradeepwater gasfield development project.
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The company will focus on renewables projects such as offshore wind farms and solar farms, gas solutions, production assets, and new energy solutions such as hydrogen and tidal energy.
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With its third capacity increase in 2 years of production, the third-largest oil field on the NCS is proving to be a powerhouse for Norway.
