Shell Gives up on Big Subsea Project in Norway

Source: Reuters 4/11/2014, Location: Europe

Shell has postponed an innovative project to provide subsea gas compression on Norway's Ormen Lange field, one of the biggest gas fields in Europe, it said.

"The oil and gas industry has a cost challenge," Shell said in a statement. "This, in combination with the maturity and complexity of the concepts and the production volume uncertainty, makes the project no longer economically feasible."

Norwegian oil services firm Aker Solution designed and built a compression pilot project for the field, hoping the licence would select the concept.


United Kingdom >>  8/2/2022 - Aker Solutions has been awarded a contract(1) from Shell UK for the delivery of a not permanently attended installation (NPAI) for the Jackdaw gas fie...
Netherlands/Holland >>  7/21/2022 - As part of the current Partnership Agreement between Technip Energies and Neste, Technip Energies (TE) has been awarded a large contract by Neste for ...

Norway >>  7/11/2022 - TechnipFMC has been given a brand-new contract by Neptune Energy to provide technical services in Norway. The Technical Service Agreement (TSA) expand...

Related Categories: Compressors, Air  Compressors, Cylinders  Compressors, Gas  Compressors, Parts  General 

Related Articles: Compressors, Air  Compressors, Cylinders  Compressors, Gas  Compressors, Parts  General 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.