SUBSCRIBE
PROFILE

Subsea7 secures contract up to $150M for Northern Lights in Norway

Subsea7 has been awarded a major contract by Equinor for Phase 2 of the Northern Lights project, involving the installation of a CO2 pipeline offshore Norway, with operations scheduled for 2026 and 2027.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE

Luxembourg-based Subsea 7 S.A. has announced it has secured a sizeable contract as part of Phase 2 of the Northern Lights project, developed by Equinor ASA off the Norwegian coast. The contract, valued between $50mn and $150mn, designates Subsea7 as the technical service provider for a strategic offshore carbon dioxide (CO2) transport and storage programme.

The scope awarded to Subsea7 includes engineering, procurement, construction and installation of a five-kilometre subsea CO2 pipeline. The company will also be responsible for installing integrated satellite structures, umbilicals, subsea tie-ins and pre-commissioning operations. Project management and engineering activities will commence immediately from Subsea7’s Stavanger site. Pipeline fabrication will be carried out at its production base in Vigra, Norway.

Operations scheduled for 2026 and 2027

Offshore works are scheduled for 2026 and 2027. The Northern Lights project is a joint venture between Equinor, Shell plc and TotalEnergies SE. It receives funding from the Connecting Europe Facility for Energy (CEF Energy) programme, which supports the development of pan-European energy networks. The contract represents a new stage in the project’s implementation, which aims to increase subsea CO2 storage capacity to at least five million tonnes per year.

All planned infrastructure forms part of an industrial system supporting the regional carbon capture and storage value chain. The capacity expansion is positioned as a logistical component of the interconnected transport network in Northern Europe.

Subsea7’s strategic involvement in Norway

Erik Femsteinevik, Vice President for Subsea7 Norway, highlighted the continued collaboration with Equinor and its partners under this initiative. He noted that the new contract would strengthen Subsea7’s presence in Norway while consolidating its expertise in high-complexity subsea installation operations.

  • Popular on energynews.pro
Verra and S&P Global Launch New Infrastructure to Boost Carbon Credit Markets
Next Bridge Raises $6 Million to Fund Panther Project in Louisiana
European Refineries Targeted by Green Hydrogen Regulation for 2030
Aker BP quadruples estimates for Omega Alfa field in the North Sea
NANO Nuclear Advances to Final Round of US Army’s xTechSearch 9 Competition
GIP Acquires 49.99% Stake in Eni CCUS Holding in Strategic Carbon Deal
Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.
Funds Push European Carbon Positions to Highest Since April
Investors hold 28.9 million EUAs net long as of August 8, four-month record level. Prices stable around 71 euros despite divergent fundamentals.
Canada allocates $1.83 mn to TerraFixing to develop carbon capture
The federal government is funding an Ottawa-based company’s project to design a CO2 capture unit adapted to cold climates and integrated into a shipping container.
Fluenta equips Louisiana site with Bias-90 FlarePhase system for CO₂ measurement
Fluenta has completed the installation of its Bias-90 FlarePhase system at the Pelican Amine Treating Plant in Louisiana, marking progress in the measurement of flare gas flows with very high carbon dioxide concentrations.
Alberta carbon market plunges below 25 dollars amid persistent oversupply
Alberta carbon credits trade at 74% below federal price as inventory reaches three years of surplus, raising questions about regulatory equivalence before 2026 review.
UK ETS: Carbon Removals Market Faces Price and Supply Challenges
The integration of carbon capture credits into the British trading system by 2029 raises questions about the price gap with allowances and limited supply capacity.
Carbon Ridge installs first centrifugal carbon capture unit on board a Scorpio Tankers vessel
Carbon Ridge reaches a major milestone by deploying the first centrifugal carbon capture technology on a Scorpio Tankers oil tanker, alongside a new funding round exceeding $20mn.
Elimini and HOFOR sign an agreement for a large-scale BECCS project in Copenhagen
Elimini and HOFOR join forces to transform the AMV4 unit at Amagerværket with a BECCS project, aiming for large-scale CO₂ capture and the creation of certified carbon credits. —
Carbonova secures $3.20mn for a pilot carbon nanofiber unit in Calgary
Carbonova receives $3.20mn from the Advanced Materials Challenge programme to launch the first commercial demonstration unit for carbon nanofibers in Calgary, accelerating industrial development in advanced materials.
Chestnut Carbon secures pioneering non-recourse financing of $210mn for afforestation in the U.S.
Chestnut Carbon has secured a non-recourse loan of $210mn led by J.P. Morgan, marking a significant step for afforestation project financing and the growth of the U.S. voluntary carbon market.
TotalEnergies invests in sustainable forestry management with NativState in the United States
TotalEnergies seals partnership with NativState to develop thirteen forestry management projects across 100,000 hectares, providing an economic alternative to intensive timber harvesting for hundreds of private landowners.
Drax strengthens its lead as the UK’s top carbon emitter in 2024
Drax’s generation site recorded a 16% rise in its emissions, consolidating its position as the UK’s main emitter, according to analysis published by think tank Ember.
Graphano Energy unveils an initial resource estimate for the Lac Saguay graphite deposit
Graphano Energy announces an initial mineral resource estimate for its Lac Saguay graphite properties in Québec, highlighting immediate development potential near major transport routes, supported by independent analyses.
Carbon2Nature and Uría Menéndez launch reforestation of 90 hectares in Salamanca
Carbon2Nature, a subsidiary of Iberdrola, partners with law firm Uría Menéndez on a 90-hectare reforestation project in Sierra de Francia, targeting carbon footprint compensation for the legal sector.
First commercial seaweed harvest completed in Dutch offshore wind farm
North Sea Farmers has carried out the very first commercial-scale seaweed harvest in an offshore wind farm, supported by funding from the Amazon Right Now climate fund.
NWF injects GBP 28.6 million into Peak Cluster project for CO₂ capture
The UK's National Wealth Fund participates in a GBP 59.6 million funding round to finance a CO₂ capture pipeline for the cement and lime industry, targeting a final investment decision by 2028.
Bayou Bend accelerates carbon storage on the US Gulf Coast
The Bayou Bend project, led by Chevron, Equinor, and TotalEnergies, aims to become a major hub for industrial carbon dioxide storage on the US Gulf Coast, with initial phases already completed.
Chloris Geospatial raises $8.5M to scale satellite-based forest carbon monitoring
US-based Chloris Geospatial has raised $8.5M from international investors to expand its satellite-based forest monitoring capabilities and strengthen its commercial position in Europe, addressing growing demand in the carbon market.
Ottawa injects CAD21.5mn ($15.8mn) into new carbon capture projects
The federal government is funding three carbon capture, utilisation and storage initiatives in Alberta, strengthening national energy competitiveness and preparing infrastructure aligned with long-term emission-reduction goals.
Donald Trump significantly increases US tax credits for carbon capture
Donald Trump approves a substantial increase in US tax credits aimed at carbon capture and utilization in oil projects, significantly reshaping economic outlooks for the energy sector and drawing attention from specialized investors.
Consent Preferences