Norwegian oil and gas companies plan to cut greenhouse-gas emissions by 2.5 million tonnes in the decade to 2030 as part of efforts to rein in global warming, the Norwegian Oil and Gas Association said on Aug. 17.
Statoil ASA (NYSE: STO) said it would account for 2 million tonnes of the total cuts planned for the Norwegian Continental Shelf.
The goals could be achieved by measures including more efficient technology, electrification of offshore platforms, carbon capture and storage, the association said in a statement.
Cairn Oil & Gas will drill about 300 development/injection wells and construct 205 well pads to increase production from the Barmer fields.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.