Page 23 - Offshore Technology News Today

European energy majors are seeing a significant spike in earnings as post-pandemic demand rebounds, while consumer prices rise.

Norway has approved the development plan for the first phase of the Equinor-operated Kristin Sør project at Haltenbanken in the Norwegian Sea.

According to GlobalData's report, the FSU had 116 active processing plants, with Russia leading with a gas capacity of 63,313MMcfd.

Whiting Petroleum has signed two agreements to acquire non-operated oil and gas assets in the Williston basin of North Dakota, in the US.

Repsol is exploring the sale of some of its oil and gas assets in Canada later this year to capitalise on the higher oil and gas prices.

The news is expected to heighten debate around whether a windfall tax should be introduced against high-earning oil and gas majors.

Canadian oil and gas producer Crescent Point Energy is considering the sale of some of its assets in Alberta and Saskatchewan, in Canada.

There was growth in oil and gas M&A activity up to $335bn in 2021, with the upstream sector contributing to the transaction value.

Oil and gas contract activity in Q4 2021 has increased and contracts have decreased, with significant contributions by Saudi Aramco and Petrobras.

Twitter: Offshore Technology lists the top five terms tweeted on oil and gas supply based on GlobalData’s Oil and Gas Influencer Platform.