Only three months after coming on stream Johan Castberg is producing at peak capacity of 220,000 barrels of oil per day. This increases energy deliveries from the Barents Sea by 150%.
Additional volumes in the lower Åre Formation and Upper Grey Beds, which are not included in the production test, represent a possible upside potential.
With a planned capacity of 1 GW, Hai Long will play a vital role in supporting Taiwan's renewable energy target of 15 GW of offshore wind between 2026 and 2035.
Bureau Veritas Marine & Offshore (BV) has launched an advanced tool powered by artificial intelligence (AI) and machine learning, designed to optimize anomaly detection and localization for ship and offshore structure inspections.
The initiative coincides with intensifying competition between China and the United States for influence in Latin America, with submarine cables emerging as crucial infrastructure in their technological rivalry.
If the outcomes of the work considered by the MOU are successful, it would enable post-combustion carbon capture to be offered as a standard offering on future FPSO projects.