In 2014, when involved in developing Aberdeen Renewable Energy Group’s roughly 100MW Aberdeen Bay Windfarm plan, I and other members of the team were offered a briefing on a new way of bidding projects designed to drive down prices.
It’s very difficult for me as a supporter of Scottish independence to write about Norway – or Denmark and some other small countries for that matter – without becoming extremely hot under the collar.
V12 Footwear and the Energy industry have worked together for several years to develop tough, top-level footwear that meets the specific demands of this challenging sector.
For the last few decades the ONS conference in Stavanger has focused on the energy industry’s direction from the perspective of North Sea exploration and production business – this year, ONS 2022 will focus mainly on energy transition.
Just as oil and gas has borne decades of partnerships between the UK and Norway, Britain's ambassador wants to see similar team-ups as offshore wind booms.
In September 2014 and in the face of mounting uncertainty over Russian gas supplies continuing to be available because of the then conflict over Ukraine, then European Energy Commissioner, Guenther Oettinger, suggested that Norway could play a fundamental role in shoring up EU energy supplies then and into the future.
Some miles off the coasts of England, Ireland and Scotland, deep under the sea, lie rock formations which could be capable of holding up to 78 billion tonnes of CO2.
As of 25 July, Westwood Global Energy reports that there are five exploration wells active, three in the Northern North Sea and two in the Norwegian Sea.
Across the globe, digitalisation has been crucial in revamping the energy landscape and enabling a swifter transition towards improved energy efficiency and security.
Oil and gas accounts for 25% of CO2 emissions from Norway. Quite simply, if the industry doesn’t step up then the country cannot meet its climate targets.
“Trust” is the theme of this year’s ONS conference, Stavanger’s biennial mecca for the offshore energy industry.
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
Last month, when the much anticipated announcement was made of winners and losers under the Contracts for Difference scheme, it seemed the 20 year struggle for the Western Isles to be connected for generation purposes to the National Grid had finally prevailed.
Hurricane Energy (LON: HUR) is weighing up an M&A deal or a potential $250m boost to its existing Lancaster asset in the West of Shetland.
Petrofac (LON: PFC) has landed a contract extension with EnQuest – taking it beyond 20 years as the duty holder on the Kittiwake asset in the North Sea.
ADNOC Drilling has been awarded $2bn contracts for the Hail and Ghasha “mega-project” in the United Arab Emirates (UAE).
Neptune Energy has kicked off drilling on the Ofelia exploration well in the North Sea.
Rolls-Royce has named BP veteran Tufan Erginbilgic as its next chief executive officer, replacing Warren East when he steps down at the end of this year.
Equinor (OSE, NYSE: EQNR) the majority state-owned Norwegian oil firm, has unveiled a whopping set of profits and upped its share buyback plan to $6 billion for 2022.
Shell (LON: SHEL) and Deltic Energy (LON: DELT) have decided to invest in a high-impact exploration well in the UK North Sea.
UK business secretary Kwasi Kwarteng will meet with North Sea oil and gas producers today to discuss the government’s windfall tax.
Serica Energy (LON: SQZ) has knocked back a new cash and share-for-share bid from rival Kistos (LON: KIST) worth £1.15 billion, which may replace Mitch Flegg as CEO.
Hurricane Energy (LON: HUR) has reached a “key milestone” paying off more than $78.5m in convertible bonds to its lenders.
Technology originally used to help vessels avoid icebergs and cyclones has been deployed in a “UK first” to cut costs and emissions at the Shell Penguins field in the North Sea.
Every UK prime minister expects to face challenges. Few would imagine that they might have to spend billions of pounds to make sure people don’t freeze in their homes during winter.
