The Norwegian oil company, Equinor, after several exploration efforts and many depressing wells in the frontier areas of Barents Sea, announced that from now on will pay attention to some of the Norway’s promising offshore productive areas, as it further goals to build a new oil province in its Arctic region.
A leading group of oil and gas operators have teamed up on a joint industry project with the aim of making subsea gas separation a reality. Subsea gas separation has the potential to make CO2-rich gas fields commercially viable.
On 8 November 2019, Australian NOPSEMA issued a notice to Equinor requiring them to modify and resubmit their environment plan for proposed drilling in the Great Australian Bight. Equinor now has 21 days to respond to NOPSEMA’s request to modify and resubmit its environment plan. However, Equinor may request an extension to this timeline.
Norway is playing an active role in the oil sector as more Norwegian oil from Johan Sverdrup is arriving in Asia, being a challenge to similar crudes coming from Africa and South America. If Johan Sverdrup continues attracting refiners, there is a high possibility that it will jeopardise exports of its rival grades to the world’s top crude-consuming region.
The first oil pumped from the giant Johan Sverdrup field in the North Sea, piped at the distance of 283 kilometres, reached the Mongstad plant, north of Bergen in Norway, where it will be stored in caverns and be shipped to markets all over the world.
Equinor, the Norwegian oil and gas company, announced that it made a final investment on the first ever floating wind farm to power two North Sea offshore platforms, a project between Equinor, the Snorre and Gullfaks, which will begin operations in late 2022.
Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and a ROV. The 10-year contract, with five 2-year options for additional extension is worth an estimated EUR 40 million.
Equinor will continue working on the Martin Linge field, offshore Norway, as the company exercised to options of two months, which have an overall contract value of USD 60 million, for Maersk’s Intrepid jack-up, as Maersk Drilling announced.
Norwegian oil firm Equinor and its partner SSE secured contracts by the UK authorities to develop three large scale offshore wind projects in the Dogger Bank region of the North Sea. This will be the world’s biggest offshore wind farm development with a total installed capacity of 3.6 GW.
On 18 September 2019, Equinor provided the requested further information regarding the environment plan for their proposed exploration drilling activity in the Great Australian Bight. According to Environment Regulations, the Australian offshore regulator, NOPSEMA has resumed its assessment of Equinor’s environment plan.
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