Norwegian offshore company Subsea 7 has signed a so-called SURF contract with Total E&P Norge, worth USD 800 million, the largest contract ever awarded on the Norwegian Continental Shelf, says the company.
BY JAKOB VESTERAGER
Subsea 7 has secured a subsea, umbilical riser and flowline (SURF) contract for USD 800 million from Total E&P Norge, for developing the Martin Linge gas field in the North Sea.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.