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$11.8 billion North Sea oil & gas project clears key consultation hurdle ahead of government’s final say

Adura, an incorporated joint venture (IJV) between the UK-headquartered Shell and Norway’s Equinor, has confirmed the end of a public consultation period on the development of an oil and gas field in the North Sea. This project on the UK Continental Shelf (UKCS) is now awaiting the UK government’s final call. Adura has welcomed the conclusion of […]

Equinor and partners invest to raise Troll gas output

 Equinor and partners Petoro, Shell, TotalEnergies and ConocoPhillips have approved an investment of approximately USD 410 million in a new subsea development to increase gas production from the Troll field in the North Sea, Equinor announced on Friday. The Troll West Increased gas recovery North (TWIN) project is expected to add approximately 11 bcm (388.5 bcf) of gas production […]

Equinor and Aker BP strike NCS asset deal to boost offshore development

Equinor and Aker BP have agreed to align portions of their Norwegian Continental Shelf portfolios through a series of offshore asset transactions aimed at accelerating development activity and increasing long-term value creation.  The companies said the collaboration will focus on selected offshore areas where greater ownership alignment could support faster project decisions, improved resource utilization and more coordinated […]