Norway: Approved development of Breidablikk field secures activity and jobs
29 Jun 2021
The plan for development and operation (PDO) of the
Breidablikk field in the North Sea has been approved by Norwegian authorities. Field investments are approx. NOK 18.6 billion. Production from the field is scheduled to start in the first half of 2024.
Equinor and its partners
Petoro, Vår Energi and
ConocoPhillips Skandinavia, submitted the development plans for the area to the authorities in September 2020. Estimated recovery from the field is around
200 million barrels of oil. We are very pleased that the authorities have approved the development plans for the Breidablikk field. The development of one of the largest undeveloped oil discoveries on the Norwegian continental shelf (NCS) will create substantial value for Norwegian society and the owners, while securing high activity and jobs for many years ahead,
- Equinor : Approved development of
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Exclusive - Pacific undersea cable project sinks after U S warns against Chinese participation
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Pacific undersea cable project sinks after US warns against Chinese participation
This file picture taken on Nov 6, 2018 shows a Chinese and US flag in Shanghai. (Photo: AFP/Johannes Eisele)
18 Jun 2021 10:30AM (Updated:
18 Jun 2021 10:51AM) Share this content
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BEIJING: A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded US warnings that participation of a Chinese company posed a security threat, two sources told Reuters.
The former Huawei Marine Networks, now called HMN Technologies and majority owned by Shanghai-listed Hengtong Optic-Electric, submitted a bid for the US$72.6 million project priced at more than 20 per cent below rivals Alcatel Submarine Networks (ASN), part of Finland s Nokia, and Japan s NEC, the sources sai
Exclusive-Pacific undersea cable project sinks after U.S. warns against Chinese participation
FILE PHOTO: Plane carrying then U.S. Secretary of State Mike Pompeo makes its landing approach on Pohnpei International Airport in Kolonia, Federated States of Micronesia August 5, 2019. REUTERS/Jonathan Ernst reuters tickers
This content was published on June 18, 2021 - 03:43
June 18, 2021 - 03:43
By Jonathan Barrett and Yew Lun Tian
SYDNEY/BEIJING (Reuters) - A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded U.S. warnings that participation of a Chinese company posed a security threat, two sources told Reuters.