Equinor signals further capex blowout for flagship Barents Sea crude project

Norway’s state-controlled Equinor on Sept. 19 signaled the latest in a series of increases in capital expenditure forecasts for its flagship Barents Sea oil project Johan Castberg, up 40% from the original plan, but said startup was on track for Q4 2024, in line with an earlier revised schedule. Castberg is the second oil field to be developed in the…Norway’s state-controlled Equinor on Sept. 19 signaled the latest in a series of increases in capital expenditure forecasts for its flagship Barents Sea oil project Johan Castberg, up 40% from the original plan, but said startup was on track for Q4 2024, in line with an earlier revised schedule. Castberg is the second oil field to be developed in the…  Read More