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Norwegian state-controlled energy giant Equinor has revealed an increase in costs for a project anticipated to strengthen Norway’s position as a reliable and long-term supplier of gas produced with very low greenhouse gas (GHG) emissions. The company explains that onshore compression is now expected to start in 2029, one year after the original plan. The post Rise in costs to $1.98 billion among factors delaying Equinor’s low-emission gas project appeared first on Offshore Energy.

Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has brought into its fold the interests Norwegian oil and gas player DNO held in two fields off the coast of Norway. The post Poland’s Orlen strengthens its Norwegian oil & gas portfolio with acquisition wrap-up appeared first on Offshore Energy.

Norway’s Reach Subsea has received all necessary regulatory and classification certifications in Australia for […] The post Reach Subsea cleared to operate in Australian waters appeared first on Offshore Energy.

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has brought online its oilfields development project in the shallow water of the Pearl River Mouth Basin off the coast of China. The post New oilfields development project switches production mode on appeared first on Offshore Energy.

London-listed oil and gas company Harbour Energy has made a multibillion-dollar play for LLOG Exploration Company (LLOG), which is being acquired from LLOG Holdings for $3.2 billion, comprising $2.7 billion of cash and $0.5 billion of the UK player’s voting ordinary shares. The post $3.2 billion move on LLOG opens doors to Gulf of America oil & gas scene for Harbour appeared first on Offshore Energy.

Swedish tidal energy developer Minesto has dismissed a claim for damages directed against the […] The post Minesto dismisses claim for damages received from former major shareholder appeared first on Offshore Energy.

With the final investment decision (FID) out of the way, a financial close is now in place for a giant oil project in the North Falkland Basin (NFB), which will require a $1.8 billion investment to pave the way to first oil and $2.1 billion to project completion. The post Sea Lion’s roar unlocks the funding vault: Falkland Islands’ $2.1B oil project stands at development threshold appeared first on Offshore Energy.

Offshore fabrication contractor Lamprell has expanded its operations in the Kingdom of Saudi Arabia with […] The post Four offshore EPCI projects strengthen Lamprell’s foothold in Saudi Arabia appeared first on Offshore Energy.

Equinor, a Norwegian state-owned oil and gas giant, has uncovered a new oil and gas/condensate discovery that enriches its hydrocarbon arsenal off the coast of Norway. The post Fresh oil and gas/condensate find comes to light offshore Norway appeared first on Offshore Energy.

Classification society Bureau Veritas Marine & Offshore (BV) has classed its first methanol dual-fueled […] The post CMA CGM takes delivery of methanol dual-fueled container ship from Chinese shipyard appeared first on Offshore Energy.