Prysmian’s 192.8-metre Alessandro Volta has three cable carousels with a combined capacity of 19,000 tonnes and is designed to lay power cables in waters up to 1,500 metres deep.
Terra Stream Energy aims to model recoverable gas at Norselhøgda for industry assessment, with the study scheduled for late 2026 and reservoir stimulation likely to be needed for development.
Worley Rosenberg will build subsea structures and spools for Subsea7 as Northern Lights expands CO2 transport and storage capacity to more than 5 million tonnes a year by 2028.
The Norwegian appeals court upheld a finding that Seadrill breached its contractual obligations when returning the semi-submersible rig Hercules in 2022, with interest and legal costs increasing the award.
Transocean reports about $1.1 billion in firm backlog additions as Equinor approves a three-rig agreement and Shell awards Transocean Norge two wells, with an estimated drilling duration of 120 days.
Equinor and partners have discovered up to 10.3 million boe of recoverable gas resources at Gullfaks South in the Norwegian North Sea, using the Askeladden rig to drill an exploration sidetrack.
Equinor has raised the Snøhvit Future project cost estimate to NOK 26.5 billion ($2.8 billion) in 2026 value. The project is 60% complete, with compression and electrification schedules unchanged.
Aker BP project costs have risen to NOK 195.0 billion for Yggdrasil and NOK 93.4 billion for Valhall-Fenris, while both developments remain targeted for first production in 2027.
BSM has agreed to acquire a 50% stake in Norway’s OffshoreCrew AS, combining its international ship management network with a database of around 30,000 offshore professionals and specialist crewing services.
