DNV has issued a Statement of Feasibility for Aker BP and Höegh Evi's concept to transport liquefied carbon dioxide (CO2) by shuttle carriers and inject it directly into subsea wells for permanent storage at the Atlas project offshore Norway.The assessment covers the offshore infrastructure required to transfer CO2 from vessels into the reservoir, with DNV concluding that the main technical challenges and uncertainties identified are manageable at the current stage of development…
Norwegian oil firm Aker on Thursday reported a 50% rise year-on-year in third-quarter profit as Middle East supply disruptions boosted prices for North Sea oil and gas.Aker BP's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $3…
Seatrium announced that it has entered into a Memorandum of Understanding (MoU) with global floating power solutions specialist Karpowership to pursue a joint venture to develop floating power and infrastructure solutions in Singapore, with…
Equinor and Aker BP have launched a strategic collaboration to develop challenging oil and gas discoveries in tight reservoirs on the Norwegian Continental Shelf (NCS), targeting resources with an estimated recovery potential of around 2.8 billion barrels of oil equivalent…
Norwegian engineering company Aibel has been awarded a front-end engineering and design (FEED) contract for the topsides of the planned Wisting production vessel, as the Equinor-led partnership advances work towards a potential investment decision for the Barents Sea development…
OneSubsea has completed a joint industry project in Brazil with TotalEnergies, Equinor, BP and Chevron to develop and qualify fully electric subsea production technologies for applications in water depths of up to 3,000 meters.The Brazil All-Electric Joint Industry Project (JIP)…
HYDRA SUBSEA announced the execution of a commercial agreement with Shell Offshore Inc. for a standardized deepwater pipeline installation solution for selected short distance subsea tie-ins in the Gulf of America. Shell’s Appomattox gas lift line is the first project proposed…
Copenhagen Infrastructure Partners (CIP) has acquired a 25% stake in the 1.1 GW Five Estuaries offshore wind farm project in the UK from a Macquarie-led consortium, following RWE's exit from the development.The acquisition was made through CIP's fifth flagship fund…
Vallourec has been awarded a contract by TotalEnergies to supply more than 16,000 tonnes of tubular products for the development of the Absheron gas field in Azerbaijan's sector of the Caspian Sea.The contract covers oil country tubular goods (OCTG) and line pipe solutions…
SLB has signed a 15-year agreement with TotalEnergies to deploy its DrillPlan digital well planning and engineering solutions across the energy company's global upstream portfolio.The agreement will support TotalEnergies' transition to a standardized digital planning environment…
The cost of Aker BP's major ongoing oil and gas development projects, Yggdrasil and Valhall-Fenris, has risen by 9.8% and 23%, respectively, from nominal estimates a year ago, data from the government's fiscal budget showed on Wednesday.The…
Sumitomo Corporation Global Metals Co., Ltd. (SCGM) and TFI Marine Limited have formed a partnership to introduce innovation into mooring solutions for floating offshore wind and offshore energy projects. The partnership enables and accelerates…
Aker BP has appointed a new executive management team effective January 1, 2027, reorganizing its leadership around the company's value chain from exploration through production.The new team will work through the end of 2026 to design a new…
BW Offshore's blue ammonia floating production, storage and offloading (FPSO) concept, jointly developed with McDermott, has received Approval in Principle (AiP) from DNV, advancing the proposed offshore low-carbon ammonia production solution towards further design development…
Aker Solutions has been awarded a three-year frame agreement to provide engineering and integrity services across BP's North Sea assets, expanding its existing work for the energy company.The agreement extends Aker Solutions' support from BP's…
