Launched earlier this month, the sale comes after Shell and Exxon Mobil ran initial sales processes for their British and Dutch assets.
TechnipFMC snagged its second large contract in recent weeks with an engineering, procurement, construction and installation contract from Shell.
New British Prime Minister Liz Truss opposes continuing windfall taxes, such as former premier Boris Johnson's 25% windfall tax on North Sea oil and gas producers, and has pledged to tackle long-term supply issues as part of efforts to address the energy crisis that was triggered by soaring energy prices.
Here’s a roundup of the latest E&P headlines including a new FID for a deepwater Malaysian sour gas project and the sail away of the process module bound for Tyra in the Danish North Sea from the past week in the upstream oil and gas industry.
Equinor builds on its dedication to decarbonization through carbon capture and storage (CCS) and offshore wind by announcing a CCS partnership with Wintershall Dea and providing updates on its North Sea offshore wind projects.
The commercial agreement between Northern Lights and Yara marks the first such cross-boarder CO2 transport and storage agreement signed anywhere in the world.
Here’s a look at some of this week’s renewable energy news, which included Amazon sealing a deal with Plug Power for green hydrogen.