Offshore operators in Norway are forging ahead with new field developments, taking advantage of temporary tax breaks, higher oil prices and Europe-wide gas shortages.
More content from Volume 82, Issue 1 January/February 2022
Trials will resume later this year on Mocean Energy’s Blue X wave energy machine following five months of tests at sea offshore Orkney, northern Scotland, in 2021.
The investment forecast for offshore oil and gas sanctioning this year is north of $70 billion and includes up to 18 floating production units, compared to just nine in 2021.