The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is today updating the project cost estimate. The investment estimate has increased by almost NOK 13 billion since last year.
Equinor and partners will replace two gas turbines with heat recovery to produce electric power. This will reduce annual CO2 emissions by 95,000 tonnes.
Moored some 150 kilometers off the coast of Rio de Janeiro, at a water depth of approximately 670 meters, the FPSO is capable of processing 80,000 barrels of crude oil
The Norwegian government has approved the Snøhvit partners' plans for the future operation of Snøhvit and Hammerfest LNG, subject to certain conditions.
Saipem has been awarded two new contracts for E&C offshore activities in Europe, specifically in Romania and in Germany, with a total value of approximately 1.8 billion euro.
