The contract encompasses various critical components such as the installation of structures, flexibles, umbilical, seabed rectification, tie-ins, and commissioning.

While authorities suspect "mechanical force" as the cause, the presence of seismic signals resembling an explosion has triggered further investigations.

The Svalin field, situated in the central part of the North Sea about six kilometers southwest of the Grane field in a water depth of 120 meters, has been in production since 2014.

The upgrade includes cloud-based technology adhering to the highest IT security standards, fulfilling regulatory requirements for oil spill monitoring and detection regardless of weather conditions.

The incident that raised concerns about regional energy security and prompted an increase in gas prices occurred on the Balticconnector pipeline connecting Estonia and Finland. Finnish authorities determined that the damage was the result of "outside activity," and an investigation is underway.

Under the terms of the deal, Vår Energi is selling its 12.26% interest in the Brage field to Petrolia.

Located 4.35 miles (7 kilometers) northwest of the Draugen platform, Hasselmus is connected to Draugen as a subsea tie-back.

The Deepsea Nordkapp, built in 2019, is a sixth-generation semi-submersible drilling rig designed for harsh environments and winter conditions. Odfjell Drilling acquired it from Samsung Heavy in April 2018.

This project, known as Yggdrasil, aims to provide a stable and environmentally friendly power supply with low emissions.

While the NPD did not disclose the names of the companies involved, their applications represent a step toward advancing carbon capture and storage solutions to combat climate change and reduce greenhouse gas emissions in Norway and the wider global context.