North Sea
E&P Highlights: Sep. 2, 2024
Here's a roundup of the latest E&P headlines, with Valeura increasing production at their Nong Yao C development and Oceaneering securing several contracts in the U.K. North Sea.
TotalEnergies Launches Wind Project to Power North Sea Platform
TotalEnergies’ floating offshore wind turbine will be located 2 km west of the Culzean gas production platform and is expected to be fully operational by year-end 2025.
Hunting Wins Contracts for OOR Services to North Sea Operators
Hunting is securing contracts worth up to $60 million to deliver organic oil recovery technology to increase recoverable reserves for North Sea operators.
Equinor to Operate Ammonia-powered Supply Vessel
Equinor said the Viking Energy Supply vessel will be the world’s first supply vessel to use ammonia as fuel.
Wood: Techno-Economic Assessment Helps Advance CCS Projects Off Norway
Wood said its assessments have laid the groundwork for sustainable CO2 transportation solutions, enabling the Trudvang, Luna and Havstjerne CCS projects to progress.
Energy Transition in Motion (Week of Aug. 23, 2024)
Here is a look at some of this week’s renewable energy news, including a promising outlook for global offshore wind capacity.
The EPC Market Keeps Its Head Above Water
While offshore investments are rising, particularly in deepwater fields, challenges persist due to project delays and inflation, according to Westwood analysis.
Viaro Energy to Buy Shell, Exxon’s North Sea Assets
When the transaction is completed, Viaro Energy will control 11 fields that produced 28,000 boe/d in 2023, 5% of the U.K.'s total gas production.
BP Awards Subsea Alliance Contract for UK North Sea Development
SLB, OneSubsea, Subsea 7 and the Subsea Integration Alliance will increase speed of tool delivery, optimize installation and reduce rig days at BP’s Murlach development in the North Sea.
International, Tech Drive NOV’s 2Q Growth Amid US E&P Headwinds
Despite a U.S. drilling slowdown, slightly offset by Permian Basin activity, NOV saw overall second-quarter revenue grow by 6%, although second-half 2024 challenges remain in North America.