Aker Solutions has signed a 2-year contract extension for maintenance and modifications for Aker BP’s Ula, Skarv, Valhall and Tambar fields offshore Norway. Work under the contract will start from 1 December 2020 and follows […]
The Norwegian Petroleum Directorate (NPD) reports that companies are considering multiple electrification projects that could reduce emissions considerably. Currently, eight fields on the Norwegian shelf receive power from the Norwegian power grid. Decisions have also […]
A Rystad Energy assessment of the temporary tax relief package for the petroleum industry that Norway recently approved reveals that the move will improve exploration and production companies’ short-term liquidity and reduce breakeven prices for […]
Aker BP and Pandion Energy have submitted the plan for development and operation (PDO) for Hod to the Norwegian Ministry of Petroleum and Energy. The Hod field will be developed in collaboration with Aker BP’s […]
More than 50 years have passed since the first commercial discovery of oil was made in the North Sea. The gigantic Johan Sverdrup field – which started production in 2019 – will produce for the […]
On behalf of the license partners, 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 […]
North America is expected to be the frontrunner in global LNG liquefaction capacity growth through new-build (planned and announced) and expansion projects during the outlook period 2020 to 2024. The region is likely to contribute […]
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 59% of Asia’s planned and announced pipeline length additions between 2020 and 2024, says GlobalData, a data and analytics company. […]
Asia will drive the global new-build trunk/transmission pipeline additions with a contribution of about 36% of the oil and gas pipeline length additions by 2024, says GlobalData, a data, and analytics company. GlobalData’s latest report, […]
Global demand for oilfield services (OFS), measured in the total value of exploration and production (E&P) company purchases, is set for a massive 25% yearly drop in 2020 as a result of the COVID-19-caused downturn, […]
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