SLB (formerly Schlumberger), a leading technology provider in the energy sector, has been awarded a significant engineering, procurement, construction, and installation (EPCI) contract by OKEA for the development of the Bestla Project, formerly known as Brasse, in the North Sea, offshore Norway. This contract, a collaboration between SLB’s OneSubsea joint venture and Subsea7, aims to […]
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 […]
Aker Solutions has signed a contract with oil company OKEA for the latter’s Draugen electrification project in the Norwegian Sea, following the 15 December 2022 letter of intent. The Norwegian offshore engineering and construction company Aker Solutions puts the value of the contract between NOK 2.5 billion ($241 million) and NOK 4 billion ($385 million). […]
OKEA and its partners Petoro and Neptune Energy Norge have decided to go ahead with the Hasselmus gas project in the Norwegian Sea with an investment of NOK 600-700 million ($72-84.25 million). The Hasselmus gas discovery will be developed as the first ever tie-back to the OKEA-operated Draugen production platform. It will add more than […]