Rigzone Industry News

The Yggdrasil project aims to recover 650 MMboe while the Valhall extension project targets about 137 MMboe.

The project can capture 1.5 MMtpa of CO2 emissions.

The assets to be acquired include the Pipestone Natural Gas Processing Plant Phase I and Phase II expansion project.

Collectively known as the Skarv Satellite Project, the three discoveries are expected to start producing 2027.

BP has awarded Add Energy a 10-year contract for well support services including emergency control.

The BOEM is accused of unlawfully imposing 'severe restrictions on oil and natural gas vessel traffic' and 'significantly reduced acreage'.

'Today there are remote, marginal pockets within aging fields that could potentially be powered with this technology at a lower lifetime cost...'

The levy will apply to profits exceeding a pre-crisis average from 2018 to 2021 by over 10 percent.

The levy will apply to profits exceeding a pre-crisis average from 2018 to 2021 by over 10 percent.

Avance's orders from CIMC SOE are in addition to two gas vessels earlier contracted from the China-based builder.