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World Oil: TechnipFMC lands three subsea construction projects offshore Norway
Category: Business News
Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS). The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a […]
Source: World Oil
Published: June 2, 2020
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Bloomberg: Norway to Rein In Wind Power After Raging Opposition From Locals
Category: Business News
Norway is set to tighten rules for building wind turbines, caving in to massive protests from locals. A government proposal on Friday to slow down the development of onshore wind power comes after increasing local resistance mirrors sentiment in other European countries. Norway already decided to scrap a plan for a new permission framework last year. Norway, […]
Source: Bloomberg
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JPT: Equinor Subsea Shuttle Concept Brings CO2 to Subsea Reservoirs
Category: Business News
CO2 sequestration today is almost exclusively an onshore operation, involving networks of pipelines, compressors, and teams of personnel to oversee it all. In a newly released video, Equinor has proposed another idea: a fleet of electrically-powered submarines that will carry CO2 to subsea injection sites autonomously. Each of these “subsea shuttles” would be 135 m (443 ft) long, […]
Source: JPT
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World Oil: Neodrill and Baker Hughes complete industry’s first cut and recover operation in the Norwegian Sea
Category: Business News
STAVANGER – Neodrill and Baker Hughes announced completion of the world’s first cut and recover operation for Wintershall Dea Norge in the Norwegian Sea. Rig time was reduced by an estimated 12 hours, with work to cut the surface casing moved off the critical path of the rig schedule. The project enabled the rig to […]
Source: World Oil
Published: June 1, 2020
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Bloomberg: A Floating Hoard of North Sea Oil Is Starting to Diminish
Category: Business News
A glut of benchmark North Sea oil that’s been sitting on ocean-going tankers for weeks is starting to diminish. Millions of barrels of the region’s unwanted crude have been stashed on oil tankers since the coronavirus caused a demand collapse. But now the volumes are starting to shrink sharply, data compiled by Bloomberg show. Anchored […]
Source: Bloomberg
Published: June 10, 2020
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