According to Rystad Energy, Norway and the UK have overcome recent challenges and are on course to achieve significant milestones due to notable increases in investments, exploration success and production.
Greenhouse gas emissions from UK offshore oil and gas production were cut for the third consecutive year in 2022 as the industry continued its drive to reach net zero by 2050.
Wintershall Dea and its partners Petoro and Sval Energi have successfully installed an additional subsea template on the seabed at Haltenbanken on the west coast of Norway.
Wood and Harbour Energy, have entered into a new strategic partnership for UK North Sea operations agreeing a new master services agreement and contracts valued at around US$330 million
Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf.
Odfjell Technology, has strengthened its in-house well services offering with the addition of wellbore cleaning chemicals, enabling more efficient and sustainable operations.
Equinor and will replace two gas turbines with heat recovery to produce electric power, at Statfjord C platform in the North Sea.
Deltic Energy has been informed by the licence operator Shell UK Ltd that site survey works associated with the Selene exploration well location have commenced.
The partners in the Brasse license have agreed a fast-track development concept for the oil and gas discovery, paving the way for detailed design studies to link up with the Brage field. A final investment decision is expected in 2024.