WorldOil Tenaris to supply line pipe for Northern Lights CO2 transportation and storage project Equinor has awarded Tenaris the supply of tubulars for the Northern Lights CO2 transport and storage facilities in Norway. From its Dalmine mill in Italy, Tenaris will produce 105km 12” Carbon Manganese (C-Mn) seamless line pipe for the milestone project. Equinor and partners tally 2021’s largest Norwegian oil strike thus far Preliminary estimates place the size of the discovery in the Fram prospects between 12 and 19 million standard cubic meters of recoverable oil equivalent, corresponding to 75-120 million barrels of recoverable oil equivalent. Baker Hughes and Horisont Energi team on Barents Sea carbon capture and storage project Baker Hughes and Horisont Energi AS have signed a memorandum of understanding for the Polaris carbon storage project off the northern coast of Norway. Under the agreement, the two companies will explore the development and integration of technologies to minimize the carbon footprint, cost and delivery time of carbon capture, transport and storage (CCTS). Equinor logs new oil find near existing Barents Sea fields Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production license 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic meters of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil. Brent crude premium climbs as North Sea field maintenance cuts flow Heavy maintenance work on North Sea oil fields in the coming months is helping to erode the flow of crude to Asia from some suppliers in the Atlantic basin as a key price spread between the two regions balloons. Neptune Energy commences Dugong appraisal drilling in the North Sea The Neptune-operated Dugong discovery, in Production License 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020. Neptune estimates recoverable resources to be between 40 - 120 million barrels of oil equivalent (boe). Lackluster results diminish interest in Norway’s latest Arctic oil lease round The Nordic country’s oil and gas industry has been keen for new acreage to offset an expected decline in production toward the middle of the decade. The Barents is estimated to hold more than 60% of the undiscovered resources off Norway, according to the nation’s petroleum directorate. Equinor taps Aker Solutions to cut CO2 emissions on Troll B and C platforms “Reduction of climate footprint is high on the agenda for our customers in the oil and gas industry. Electrification of production platforms is one of the ways to reduce emissions from such operations,” said Kjetel Digre, chief executive officer of Aker Solutions. Norway’s sovereign wealth fund scrutinizes its oil holdings Norway’s $1.3 trillion wealth fund is set to take a critical look at the stakes it holds in national oil companies, as its ethics council expands scrutiny of corruption in its latest set of guidelines. Norway grants 61 new offshore oil and gas exploration licenses “This year’s award of 61 new production licenses to as many as 30 companies shows that the petroleum industry still has significant expectations of making profitable discoveries on the Norwegian Shelf,” said Kalmar Ildstad, director of license management in the Norwegian Petroleum Directorate.