Upstream news

Equinor has now transferred its participating interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations.

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.

CGG’s Sensing & Monitoring division acquired the company as it specialises in high-value services and products for geotechnical risk management and infrastructure monitoring.

Low-cost tieback expected to add up to 75 000 bbl per day of oil production.

The extensive repairs at Melkøya have been completed, but the run-up of the plant takes somewhat longer than planned.

The campaign uses AUSEA technology developed by TotalEnergies, the French National Research Centre for Scientific Research (CNRS) and University of Reims Champagne Ardenne.

The ten-year agreement aims to ensure predictability, which will be important to both parties in times of many great and important opportunities.

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).

The company has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to government approvals.