Equinor confirms the Breidablikk field in the North Sea has initiated oil production four months ahead of its anticipated schedule, and remains within the established budget. This subsea field, linked to the Grane platform, boasts nearly 200 million barrels of recoverable oil. The primary stakeholders of the project include Equinor as the operator, Vår Energi, […]
In an unprecedented move for UK’s renewable energy ambitions, the Dogger Bank Wind Farm, boasting the title of the world’s largest offshore wind facility, has commenced exporting electricity to British residences and enterprises. This significant milestone underscores the UK’s commitment to transitioning towards a greener, secure energy framework. Strategic Location and Capacity of the Dogger […]
In a significant move, Ithaca Energy, in partnership with Equinor, the Operator, has officially greenlit Phase 1 of the Rosebank field development on the UK Continental Shelf, committing a substantial $3.8 billion to the venture. The North Sea Transition Authority (“NSTA”) has granted its consent for the field’s development, marking a pivotal moment in the […]
Equinor, on behalf of the BM-C-33 consortium, has officially submitted the Declarations of Commerciality and Development Plans for two significant areas in Brazil’s Campos Basin to the Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP). This step forward signifies an investment of about $9 billion. Partnerships and Location Partnering with Equinor in the consortium […]
Equinor has submitted a plan for the development and operation (PDO) of the Eirin gas field to Norway’s Ministry of Petroleum and Energy. The project, estimated at over NOK 4 billion ($374 million), targets recoverable reserves of 27.6 million barrels of oil equivalent, predominantly gas. The Eirin gas field will be developed as a subsea […]
Equinor, a leading energy company, has awarded COSL Offshore Management AS two major contracts worth an estimated $369 million to operate the COSLPromoter and COSLInnovator rigs on the Norwegian continental shelf. These contracts signify Equinor’s ambitious drilling plans and underscore the company’s long-term commitment to tapping the vast reserves on the Norwegian continental shelf. The […]
Equinor has officially announced the start of production for the Statfjord Øst expansion project, located on the Norwegian continental shelf (NCS). The project is six months ahead of schedule and is expected to increase production by a remarkable 26 million barrels of oil equivalents from the Statfjord Øst field. Despite market challenges like inflation and […]
Carbonvert Inc. has announced the sale of its 100% ownership interest in the Bayou Bend carbon capture and sequestration project in Southeast Texas to Equinor. This milestone deal aligns with the mutual commitment of both companies to accelerate the transition to a low-carbon future and acts as a springboard for future Carbon Capture, Transport, and […]
Norway’s Crown Prince Haakon inaugurated the Hywind Tampen floating offshore wind farm, the largest of its kind in the world. The wind farm will supply power to Gullfaks and Snorre, the first-ever oil and gas fields to transition to offshore wind energy. The venture aims to significantly reduce CO2 emissions. Managed by Equinor from its […]
Equinor, a leading energy company, has solidified its footprint in the renewable energy sector by acquiring Rio Energy, an eminent onshore renewables firm in Brazil, from Denham Capital. The purchase includes selected assets and the team, with Denham Capital retaining certain assets, bolstering Equinor’s position in the Brazilian market. Equinor’s executive vice president for Renewables, […]