Oil and Gas

It will be towed with crew on board, which will allow oil production to start approximately two weeks earlier than usual.

The delivery strengthens the strategic relationship between OOCL and CPN, demonstrating their collaboration between shippers and fuel suppliers.

The government releases emergency crude oil to keep the Baton Rouge refinery operational in the face of an interruption in the marine supply.

An operating model that includes the modernization of mature assets and the exploitation of synergies in production and offshore logistics.

The contract will allow first oil to be delivered from Balder Phase VI in 2026, via a subsea connection to the already operating Jotun FPSO.

The installed module weighs 4,800 tons and is key to ensuring safe production at Valhall.

The Skred well revealed a 14 meter gas column, with high quality sandstone and potential for a subsea connection to Johan Castberg.

The platform that will be used in this operation is capable of operating at depths of up to 750 meters.