NEWS - EUROPE
2.5 billion 2024-NOK . This is a result of longer delivery times for new transformers that were destroyed in a fire at Hitachi ’ s factory in Vaasa in 2023 , as well as delays related to increased complexity . Planned commissioning has been postponed from 2026 to late 2027 .
Equinor Reports on Norwegian Development Projects
Equinor is the operator of 19 projects currently under development in Norway . In the proposed National Budget for 2025 , the Ministry of Energy listed the status of 13 Equinoroperated projects currently under development or recently completed .
The projects in question have a total investment framework of 198 billion kroner , from commencement to commissioning .
“ Equinor has a good portfolio of profitable projects being developed in Norway , which will contribute to long-term security of supply of oil and gas to Europe . In 2023 , our developments contributed to high activity and 25 billion kroner to the Norwegian supplier industry . Together with our partners and the industry , we have completed six projects during the past year ,” says Trond Bokn , head of project development in Equinor .
The reported projects have seen a cost increase of 6.5 billion 2024-NOK over the past year , which is about 3 per cent . The overall increase since the plans for development and operation ( PDOs ) is 32.9 billion 2024-NOK . Currency effects account for 12.4 billion of this . If the Johan Castberg project and currency effects are omitted , the cost increase for the reported projects is around 3 percent since PDOs .
Two of the projects , Johan Castberg and Oseberg gas compression and partial electrification , have experienced a post-PDO increase of more than 20 percent , and are therefore mentioned specifically in the proposed national budget .
Johan Castberg The production ship is now anchored at the field and Johan Castberg is on track for start-up towards the end of the year .
The cost increase in the project is 2.2 billion 2024-NOK since last year . This is due to a longer stay than estimated at Aker Solutions at Stord , currency effects and a general cost increase . Of this , almost NOK 800 million is currency effects . Since the PDO , estimated costs have grown by 25.7 billion 2024-NOK . Currency effects account for 8.1 billion of this .
Oseberg gas phase 2 and power from shore ( OGP ) OGP is composed of partial electrification of the Oseberg Field Centre and Oseberg sør , as well as installation of a new compressor module at the field centre .
The cost increase over the past year is 1.2 billion 2024-NOK . Since the PDO , the cost increase is about NOK 2.5 billion in 2024- NOK . Since the PDO , estimated costs have grown by around
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Snøhvit Future Snøhvit Future encompasses onshore compression and electrification of Hammerfest LNG on Melkøya . Since the PDO , the cost increase is 1.9 billion 2024-NOK . More than 500 million of this relates to currency effects .
One of the main reasons for the higher costs is the joint venture ’ s decision to change the design of an electric boiler as a result of safety considerations .
Neptune Energy Receives two Exploration Permits for Lithium in Saxony-Anhalt
Neptune Energy is permitted to search for lithium mineral resources in northern Saxony-Anhalt . The company received the relevant permits in mid-August from the responsible State Office for Geology and Mining ( LAGB ) in Saxony-Anhalt . In the “ Milde AL ” and “ Milde CL ” permit areas , which include parts of the Altmarkkreis Salzwedel , Stendal and Börde districts , Neptune Energy has the right to search for the unmined lithium mineral resources over the next five years . During this time , the experts will first evaluate data and create models of the subsoil before later - subject to the approval of further operating plans under mining law - an exploratory borehole is also to be sunk in order to be able to prove the suspected lithium deposit . The LAGB provides further information on this in the official announcement at : https :// lagb . sachsen-anhalt . de / service / bekanntmachungen .
Welcoming our 2024 Apprentices
On Thursday the 5th of September we welcomed our new
2024 apprentices to our Head Office in Southampton for their ‘ Introduction to Trant Engineering Ltd ’.
The day was filled with talks from our current apprentices and staff members along with three fun filled activities to partake in followed by a tour around the campus . A big thank you to our current apprentices who were all on hand to support and give guidance .
Our 2024 apprenticeships cover a wide range of construction and engineering disciplines including electrical engineering , quantity surveying , civil engineering , accounting , payroll , mechanical installation and electrical installation .
Amy Yates , Learning & Development Manager said “ This is the largest intake of apprenticeships we have had since Covid , the apprenticeships on offer vary from level 3 through to level 7 . We look forward to supporting our apprentices as they launch and progress their career with Trant Engineering !”