Statoil, Shell and Total signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage in Norway.
Statoil has been awarded two additional offshore exploration licences in the Guyana basin. The licenses were awarded through Suriname’s open door policy and production-sharing contracts have been negotiated with the national oil company Staatsolie MaatschappIij Suriname.
Statoil, Vattenfall and Gasunie have signed a Memorandum of Understanding to evaluate the possibilities of converting Vattenfall’s gas power plant Magnum in the Netherlands into a hydrogen-powered plant.
On behalf of the licence partners, Statoil has announced their decision to support the Johan Castberg operation with a supply and helicopter base in Hammerfest and an operations organisation in Harstad. Recruitment of offshore personnel from Finnmark county is also prioritised, the company said on their website.
Statoil is aiming to achieve annual CO2 emission reductions of 3 million tonnes by 2030 compared to 2017. The company published their Climate Roadmap with more details, including CO2 emission reductions and improved carbon intensity, energy efficiency as well as profitable growth in renewables and low carbon solutions.
Two years after Valemon came on stream, Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent.