Malaysian oil and gas company Hibiscus Petroleum has partnered with Ithaca Energy and Caldera to develop the Marigold field, situated approximately 250 km northeast of Aberdeen in the central North Sea.
This groundbreaking collaboration seeks to replace the conventional utilization of high-cost subsea umbilical cables, potentially revolutionizing small North Sea tiebacks and offering a cost-effective means of extending the lifespan of the UK's aging production hubs in the North Sea.
This achievement comes only shortly after the Norwegian Petroleum Directorate (NPD) granted consent to the licensees of the Statfjord Øst field for the utilization of new facilities associated with a gas lift project.
Through a newly established agreement with CapeOmega Carbon Storage, TotalEnergies is set to acquire CapeOmega's 40% participating interest in a CO2 storage exploration license situated offshore Norway.
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