Talisman Energy AS (TENAS), operator of the Varg field, has received consent today from Norway’s Petroleum Safety Authority (PSA) to use the 1986-built Maersk Giant jack-up rig to plug and abandon (P&A) 8 wells at their field located 200 kilometers west of Stavanger in 84 meters of water.
TENAS has allocated up to 153 days for the activity which the PSA says will commence in mid-May 2015.
Varg field, image courtesy Talisman Energy
The Varg field, located in the central sector of the North Sea, is currently in production utilizing the Teekay-owned Petrojarl Varg FPSO, which is tied to the Varg A well-head facility via a 1200-meter production and injection pipeline and control umbilical.
One of the world's top offshore wind developers, Germany's RWE, has stopped work on its U.S. projects for now in light of recent moves against the industry by the Trump administration, its CEO said in a text published ahead of the firm's annual meeting.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Apple AAPL.O plans to shift the assembly of all iPhones sold in the U.S. to India as early as next year, pivoting away from China to avoid steep tariffs, the Financial Times reported, citing people familiar with the matter.
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