Jennifer Pallanich

1 day ago | jpt.spe.org | Jennifer Pallanich

Six months after announcing their planned UK North Sea incorporated joint venture (JV), Equinor and Shell said they expect to launch their JV later this year. Last December, the two operators revealed plans to create a JV that would become the largest independent oil and gas producer in the UK North Sea, and on 26 June, Equinor and Shell announced the company would be named Adura, using the “A” of Aberdeen and the “dura” of durability.

2 days ago | jpt.spe.org | Jennifer Pallanich

Equinor and its partners have submitted a subsea development plan to tie Fram Sør back to the Troll C platform in the southern North Sea. Operator Equinor and partner Vår Energi on 26 June announced submitting the $2.08 billion (NOK 21 billion) development plan to the Norway Minister of Energy, with production expected to begin by the end of 2029.

4 days ago | jpt.spe.org | Jennifer Pallanich

First oil at the Balder field in the North Sea marks the start of a new era for the first production license on the Norwegian Continental Shelf. Vår Energi announced the Jotun floating production, storage, and offloading (FPSO) vessel moored in about 125-m water depth in PL001 went online on 23 June. And the previous week, the operator announced reaching final investment decision (FID) for the Balder Phase VI fast-track development.

1 week ago | jpt.spe.org | Jennifer Pallanich

The Johan Castberg floating production, storage, and offloading (FPSO) vessel went on stream as the northernmost production facility offshore Norway 31 March and reached plateau production of 220,000 B/D on 17 June. Operator Equinor announced on 20 June the early operation phase of the Barents Sea project had gone according to plan, with the wells that have come onstream producing as expected. So far, Equinor said, 17 of 30 planned wells have been completed.

1 week ago | jpt.spe.org | Jennifer Pallanich

The carbon capture industry faces a turning point as temperatures rise and governments shape climate-change-related policies. Carbon capture and storage (CCS) projects face multiple barriers before they ever reach final investment decision (FID), and support through policy can make or break a project.