Equinor And Partners Seek Approval For $2.2 Billion North Sea Project - Equinor (NYSE:EQNR), Var Energi (OTC:VARRY), Inpex (OTC:IPXHY)

Equinor and Partners Approve $2 Billion Fram Sør Project

A new oil and gas project in the North Sea has been greenlit by Norwegian oil major Equinor and its Fram partners, which plan to invest NOK 21 billion or USD$2 billion. Equinor Energy owns 45 percent of the Fram Sør project, Vår Energi ASA holds 40 percent and INPEX Idemitsu Norge AS has 15 percent. The plan for development and operations was submitted on Thursday to Norway’s Minister of Energy. The Fram Sør project is a combined development of …

Equinor And Partners Seek Approval For $2.2 Billion North Sea Project - Equinor (NYSE:EQNR), Var Energi (OTC:VARRY), Inpex (OTC:IPXHY)

Equinor Energy AS, Vår Energi, and INPEX Idemitsu Norge AS submitted PDO for Fram Sør project in North Sea. Production expected by 2029, worth $2.2B

Equinor investing over $2bn in new subsea development

EuropeOffshore Equinor Equinor Norwegian energy major Equinor will invest more than NOK 21bn ($2.1bn) in the North Sea Fram Sør subsea development. The Fram Sør project is a combined development of several discoveries that will export oil and gas via the Troll C platform. Recoverable volumes are estimated at 116m barrels of oil equivalent, 75% of which is oil and 25% is gas. Production is scheduled to start at the end of 2029. Th…

Equinor, partners greenlight $2 billion investment in North Sea oil and gas project

Equinor and its Fram partners will invest more than $2 billion (NOK 21 billion) in a new subsea development, Equinor announced Thursday. The Fram Sør project is a combined development of several discoveries that will export oil and gas via Troll C in the North Sea. Recoverable volumes are estimated at 116 MMboe, and production is scheduled to start at the end of 2029.

Equinor to invest $2bn in Fram Sør subsea development in Norway

Equinor, alongside its Fram partners, has announced an investment of over Nkr21bn ($2bn) in the new Fram Sør subsea development.

Bel Valves supplies six figure order – Inside Oil & Gas

BEL Valves, which manufactures high integrity valves, complete with actuation and control systems for oil and gas and Hydrogen and Carbon capture installations, has supplied valves worth six-figures to Norwegian multinational energy company, Equinor for its Kårstø processing plant in Norway. The Newcastle-based manufacturer’s topside through conduit double expanding split gate valves with gearboxes were specified due to the lead times the compan…