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Baker Hughes Scores Plug and Abandonment Job from Equinor

Rigzone

Image by JHVEPhoto via iStock Baker Hughes Company was selected by Equinor ASA to provide plug and abandonment services in the Oseberg East field on Norway’s continental shelf. To manage the project, Baker Hughes said it will set up a Plug and Abandonment Centre of Excellence in Bergen and Stavanger.

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China Rejects Russia's Eastern Pipeline Plan

OilPrice

China has put an abrupt stop to a Russian proposal to export added volumes of natural gas eastward via Kazakhstan, deepening the financial woes of the erstwhile Russian energy behemoth, Gazprom.

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Baker Hughes awarded Equinor contract for P&A work in North Sea

Oil & Gas 360º

(World Oil) – Baker Hughes will provide Equinor plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf. Through this integrated P&A program, Baker Hughes will plug and abandon wells and provide project management services on behalf of Equinor.

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Europe’s Oil Majors Scale Back Climate Ambitions

OilPrice

Europes oil and gas giants are increasingly scaling back their climate goals as they struggle to deliver on their ambitious clean energy pledges. Equinor has also abandoned plans to invest in Vietnam's offshore wind sector, dealing a significant blow to the country's

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Borehole Battery: A Promising Solution for Energy Storage

POWER Magazine

For more than a century, fossil fuel companies have drilled oil and gas wells to increase the production, consumption, and export of fossil fuels. These wells are often abandoned once […] The post Borehole Battery: A Promising Solution for Energy Storage appeared first on POWER Magazine.

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New WV Law Makes it Easier, Cheaper to Plug Orphaned Wells

Marcellus Drilling News

West Virginia has more than 21,000 abandoned and orphaned oil and gas wells. Plugging them to prevent environmental problems is a thorny issue, as it is in other states like Pennsylvania and Ohio (and Texas, and Oklahoma, etc.). Regulatory hurdles make it expensive. A WV bill not previously on our radar made its way through.

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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. million vehicles per year. Additionality.