According to the agreement the parties will collaborate in new ways while carrying out the work on Statfjord safely and efficiently.
Decommissioning is an important part of securing a long-term future for the whole of the energy industry.
Here’s a snapshot of recent energy deals including a $5 billion divestiture by BP as the London-based major shifts its focus to low-carbon energy.
The technology platform enables well-testing control to deliver real-time downhole measurements.
Subsea Connect reduces development costs by 30%, which can help unlock more than 16 billion barrels of oil, Baker Hughes says.
Mediterranean-focused Energean last year agreed to buy the oil and gas operations of Edison for up to $850 million, but the parties agreed to revise the deal because of the amendments and a weaker price outlook.
Wolfcamp-Spraberry Trend wells completed by Earthstone Energy in the Permian Basin plus four strong Haynesville Shale discoveries from two separate pads in Louisiana’s Sabine Parish top this week’s drilling activity highlights from around the world.
Output is scheduled to resume in first-quarter 2022.
Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS), the company said on June 23.