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Energy

Norway’s $8 billion Johan Castberg offshore development begins oil production

Category: Business News

(Bloomberg) — Norway’s 86 billion kroner ($8.1 billion) Johan Castberg oil development in the Barents Sea has started pumping, the second major field to begin operations in the country’s Arctic waters. The project, developed by Equinor ASA and partner Var Energi ASA, will reach peak production of about 220,000 barrels of oil a day, Equinor […]

Source: World Oil


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Equinor: Investing NOK 7.5 billion in expansion of the groundbreaking Northern Lights CCS-project

Category: Business News

Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the Northern Lights development. The decision was made after signing a commercial agreement with Stockholm Exergi to transport and store 900.000 tonnes of biogenic CO2 annually for 15 years. Read full article.

Source: Equinor


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Baker Hughes, Frontier partner to develop CCS, data center projects in U.S.

Category: Business News

Baker Hughes and Frontier Infrastructure have announced a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the U.S. As part of the agreement, Baker Hughes will provide innovative technologies and resources in support of the development of large-scale CCS, power generation, and data center projects. Frontier […]

Source: World Oil


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Halliburton, Sekal deliver world’s first automated on-bottom drilling system for Equinor in the North Sea

Category: Business News

Halliburton and Sekal AS deployed the world’s first automated on-bottom drilling system with the integration of Halliburton’s LOGIX™ automation and remote operations, Sekal’s Drilltronics®, and the rig automation control system. The team delivered a well for Equinor on the Norwegian Continental Shelf with an integrated closed-loop control solution. This solution orchestrates autonomous directional drilling with […]

Source: World Oil


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FREYR Battery Announces Austin, Texas as Location for New Corporate Headquarters

Category: Business News

New York and Austin, TX February 10, 2024, FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”) announced this morning that the Company has selected Austin, Texas, as the location for its new global headquarters to geographically align the Company’s workforce with its operations and strategy to provide solar modules made in the United States. This […]

Source: FREYR


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