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Equinor and Halten East partners Vår Energi, Spirit Energy and Petoro have decided to invest about NOK 9 billion in the development of the area neighbouring to the Åsgard field in the Norwegian Sea.
The new organic and biodegradable lubricant is a safe and efficient alternative to flammable or hazardous solvents and corrosion inhibitors used in umbilicals.
Equinor’s Gullfaks asset team will analyse the resulting 4D seismic images to optimise recovery and value from the field.
CGG’s Sensing & Monitoring division acquired the company as it specialises in high-value services and products for geotechnical risk management and infrastructure monitoring.
Neptune Energy Norge AS, operator of production licence 153, has concluded the drilling of appraisal wells 35/9-16 S and 35/9-16 A on oil and gas discovery 35/9-3 (Hamlet).
Replan is Brazil's largest refinery in terms of processing capacity, with a load of 434,000 bpd. In addition to diesel fuel, it produces gasoline, jet fuel, asphalts, LPG, and propene, among other oil products.
The outcomes would enhance the UK’s energy security and would ensure that emissions from North Sea oil and gas production remain world leading.
The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.
Strong initial performance from new Gulf of Mexico production and onshore wells, balance sheet strengthening with debt reduction announcement, and increasing shareholder returns.
The company has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11 000 t of CO2 per year.
The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.
MacGregor, part of Cargotec, has secured a contract with Otto Candies to deliver an active heave compensated FibreTrac offshore crane.