Unfortunately, during the past year, a number of major banks announced they would not finance major Arctic development projects.
Check out the latest oil and gas drilling activity highlights from around the world.
Check out the latest oil and gas drilling activity highlights across the U.S. featured in the February issue of E&P Plus.
The work would replace power generation from gas turbines at the platforms, reducing the climate footprint, Aker said.
LLOG Exploration Offshore LLC and Eni have signed an infrastructure agreement in the deepwater Gulf of Mexico on Feb. 10.
The agreement would stick to terms agreed in April 2019, PNG Prime Minister James Marape said.
Exxon said it would send the compressor to Germany for repairs, where it was set to arrive on Feb. 9.
Sypris Technologies Inc., a subsidiary of Sypris Solutions Inc., has received orders on Feb. 8 for its Tube Turns D-bolt and Tool-less specialty closures for use in high-pressure oil and gas applications, including the Anchor Field development project in the Gulf of Mexico and the planned upgrade of a natural gas pipeline system in North America.
The proposed $5.9 billion pipeline would run roughly 500 miles (800 km) and could start delivering natural gas into central Alaska in 2025, according to a report.
Norwegian energy company Equinor is shelving plans for a LNG development in Tanzania, arguing it would not be sufficiently profitable, but could revive the project at a later date, it said on Jan. 29.