In a significant development that underscores the enduring strength of global energy partnerships, Wood has successfully secured an $80 million contract extension with Equinor. This agreement marks a continuation of Wood’s commitment to delivering maintenance and modification solutions for Equinor’s Peregrino offshore assets, located off the coast of Rio de Janeiro, Brazil. The two-year extension […]
In a notable development in the oil and gas sector, Equinor Energy AS has announced the discovery of oil in exploration well 30/12-3 S located in the North Sea, approximately 40 kilometres south of Oseberg and 150 kilometres west of Bergen. The discovery, executed by the Deepsea Stavanger drilling rig, marks a significant milestone for […]
Equinor, a global energy leader, has marked a significant milestone in the renewable energy sector by inaugurating its first commercial battery storage asset, the Blandford Road battery storage project, in the UK. This strategic move underscores Equinor’s commitment to bolstering energy flexibility and security in the country, aligning with its broader ambition to transition towards […]
Equinor, a global energy leader, and Germany’s state-owned energy company SEFE (Securing Energy for Europe) have executed long-term gas sales agreements that will significantly bolster Germany’s energy security. Starting from January 1, 2024, Equinor will supply SEFE with 111 terrawatt hours (approximately 10 billion cubic meters – bcm) of natural gas per year until 2034, […]
Shell Offshore Inc., a subsidiary of the energy giant Shell plc, has made a announcement with the Final Investment Decision (FID) for the Sparta oil and gas project, a deep-water development in the U.S. Gulf of Mexico. This move exemplifies Shell’s innovative approach to simplifying and replicating projects, marking a significant stride in the industry. […]
Wood Group (John Wood Group PLC) has successfully obtained a two-year contract extension with Equinor UK Limited, emphasizing its commitment to safe and reliable energy production at the Mariner field, situated in the UK North Sea. This extension consolidates Wood’s role in providing comprehensive operations, maintenance, and various offshore services at the Mariner A platform […]
Equinor has reached an agreement to sell its Nigerian business, including a 53.85% stake in oil and gas lease OML 128, to Chappal Energies. This significant transaction includes a 20.21% share in the Agbami oil field, currently operated by Chevron. Equinor’s Three-Decade Legacy in Nigeria Since entering Nigeria in 1992, Equinor has been instrumental in […]
Saipem, a renowned player in the energy sector, has recently been awarded two significant offshore contracts totaling approximately $1.9 billion. This monumental achievement not only reinforces Saipem’s position in the oil and gas industry but also highlights its expanding global footprint. ExxonMobil Guyana Contract Details The first contract, awarded by ExxonMobil’s subsidiary, ExxonMobil Guyana Limited, […]
Equinor has reported a new gas discovery adjacent to the Gina Krog field in the North Sea, deemed commercially viable and with production slated to commence as soon as the fourth quarter of 2023. Quick-to-Market Gas Discovery Enhances North Sea Assets The well, drilled by the Noble Lloyd Noble rig, has unearthed recoverable volumes projected […]
Equinor, the operator of production licence 053, has announced a significant discovery of oil and gas at exploration well 30/6-C-2 A, dubbed “Lambda,” situated approximately four kilometres west of the Oseberg field in the North Sea. The initial findings suggest a substantial addition to the region’s resources, with an estimated 0.2 to 0.4 million standard […]