Latest news with #Petoro
Yahoo
14 hours ago
- Business
- Yahoo
Shell and partners boost gas production from Norway's Ormen Lange field
OSLO (Reuters) -Energy major Shell and its partners have started up two subsea compression stations at Norway's Ormen Lange gas field to help boost recovery of gas reserves, which are exported to European markets, the companies said on Friday. The new compressor stations will increase the amount of gas recovered from the field from 75% to 85%, adding an additional 30-50 billion cubic metres (bcm) of gas, Shell said in a statement. Gas from Ormen Lange is processed at the Nyhamna plant on Norway's west coast and exported to the European Union and Britain. Norway in 2022 overtook Russia as Europe's biggest gas supplier after Moscow's invasion of Ukraine, and maintains a programme of upgrades and exploration to maintain supply levels. Ormen Lange is operated by Shell, which holds a 17.8% stake in the field, with the other stakes held by Petoro (36.5%), Equinor (25.3%), Orlen Upstream Norway (14%) and Vaar Energi (6.3%). Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
14 hours ago
- Business
- Reuters
Shell and partners boost gas production from Norway's Ormen Lange field
OSLO, June 27 (Reuters) - Energy major Shell (SHEL.L), opens new tab and its partners have started up two subsea compression stations at Norway's Ormen Lange gas field to help boost recovery of gas reserves, which are exported to European markets, the companies said on Friday. The new compressor stations will increase the amount of gas recovered from the field from 75% to 85%, adding an additional 30-50 billion cubic metres (bcm) of gas, Shell said in a statement. Gas from Ormen Lange is processed at the Nyhamna plant on Norway's west coast and exported to the European Union and Britain. Norway in 2022 overtook Russia as Europe's biggest gas supplier after Moscow's invasion of Ukraine, and maintains a programme of upgrades and exploration to maintain supply levels. Ormen Lange is operated by Shell, which holds a 17.8% stake in the field, with the other stakes held by Petoro (36.5%), Equinor ( opens new tab (25.3%), Orlen Upstream Norway (14%) ( opens new tab and Vaar Energi ( opens new tab (6.3%).
