Subsea7 has been awarded a sizable contract by Dana Petroleum (E&P) Limited for the Bittern field development. The contract, valued between $50 million and $150 million, is set to bolster operations in the Bittern oil and gas field, located about 190 km east of Aberdeen in the UK Central North Sea. This strategic development occurs […]
In a strategic maneuver aimed at balancing interests and optimizing resource management, Equinor has agreed to sell a 19.5% stake in production licenses PL 048E and PL 1201, which encompass the Eirin field, to PGNiG Upstream Norway AS (PGNiG). This deal, effective from January 1, 2024, is pending ministry approval and marks a pivotal shift […]
Subsea7 has been awarded a substantial contract valued between $50 million and $150 million by Serica Energy for the development of the Belinda field, located southeast of the Triton FPSO in the UK Central North Sea. This pivotal project is set to commence with immediate effect, emphasizing Subsea7’s expertise in the EPCI (Engineering, Procurement, Construction, […]
North Sea oil and gas operators are set to invest up to £3 billion in 14 major emission reduction projects aimed at slashing lifetime CO2e emissions by up to 32 million tonnes, surpassing London’s estimated annual emissions in 2021. This significant investment, announced during the North Sea Transition Authority’s (NSTA) annual performance review, underscores the […]