The lawsuit is seen as part of an emerging branch of law worldwide where plaintiffs seek to use a nation's founding principles to make the case for curbing emissions.
The field has experienced long unplanned outages during its first years of operation, with Norwegian authorities forcing Eni to temporarily shut the field due to safety issues in one instance.
The Swedish company said on Jan. 13 it had cut its resources estimate for the Alta oil discovery in the Barents Sea and no longer saw Alta and the nearby Gohta find as commercially viable for joint field development.
Stack Play Meramec producers, EOG Wolfcamp completions and a Utica Shale well by Ascent Resources tops this week’s drilling activity highlights from around the world.
The field is expected to start production in 2022.
M&A and capital raising value in the upstream fell by 50% from the previous quarter’s $126.8 billion, totaling $63.4 billion, according to a recent report.
North Slope Exploration, associated with William Armstrong of Denver-based Armstrong Energy, submitted almost all of the bids, accounting for 85 of the 92 tracts.
Alaska North Slope oil production has slipped below 500,000 barrels per day and will decline further in coming years, according to the latest forecast released by the state Department of Revenue.
BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.