Equinor has discovered oil on the Johan Castberg field in the Norwegian section of the Barents Sea, the company said on Sunday.
The find was made in the Drivis Tubåen structure, with preliminary estimates placing the volume at 9 million-15 million barrels.
Equinor and Shell have unveiled Adura as the name of their new incorporated joint venture, set to become the UK North Sea’s largest independent oil and gas producer, the companies said on Thursday.
Equinor and its Fram partners will invest more than $2 billion (NOK 21 billion) in a new subsea development. The plan for development and operation was today submitted to the Minister of Energy, Terje Aasland.
Equinor ASA has secured new exploration acreage offshore Brazil in the Santos Basin, awarded under the country’s fifth Open Permanent Concession bidding.
Baker Hughes has a history of successful integrated P&A projects, as well as its innovative portfolio of Mature Assets Solutions with a proven track record of increasing efficiency, accelerating timelines and reducing total operating costs. Through this integrated P&A program, Baker Hughes will plug and abandon wells and provide project management services on behalf of Equinor.
Two appraisal wells drilled by Equinor ASA in the North Sea about 20 kilometers (12.43 miles) east of the Troll A platform have shown a suitable reservoir for carbon dioxide (CO2) storage.
Equinor subsidiary Equinor Brasil Energia has entered into agreements to sell its 60% operated interest in Brazil’s Peregrino offshore oilfield to Prio Tigris, a subsidiary of Brazilian independent oil and gas company Prio, for USD 3.5 billion, the Norwegian company announced on Friday.
Kinewell said its Kinewell Layout Optimization of Cable (KLOC) software employs AI-driven technology to quickly create optimized inter-array cable layouts for offshore wind farms. KLOC leverages sophisticated optimization algorithms to deliver economically efficient layouts with enhanced reliability, generally achieving savings of approximately 20 percent on cable system capital expenditures, all while simplifying the early-stage development process, Kinewell said.
Equinor and partners Okea and Pandion Energy have discovered gas and condensate in the Mistral Sør exploration well in the Norwegian Sea, Equinor said on Wednesday.
Norway’s Equinor has become the latest energy company to stem its green growth plans as the backlash against renewables continues.