The Norwegian government has given Equinor the green light to electrify its liquefied natural gas facility in northern Norway, a project forecast to lower emissions and lock in gas deliveries beyond 2030.
Equinor’s year-on-year takings have been trimmed in half in what is likely to be a common theme amongst the world’s oil and gas giants in the coming days.
Norwegian safety regulators have ordered Equinor and Beerenberg Services to improve after a worker suffered “serious injuries” from a severe fall at the Mongstad refinery in January.
Longboat Energy is to acquire minority stakes in two units of Norway’s Statfjord oil field, in a deal that will offer the company its first producing assets.
Norway has approved 19 new oil and gas projects in its waters, with total investment topping NOK 200 billion (£14.62 bn), according to the Ministry of Petroleum and Energy.
Njord’s platform and the floating storage and offloading vessel (FSO) both underwent extensive upgrades that will more than double production at the field.
Norway’s biggest oil and gas companies are reviving exploration plans in Arctic waters, as the government agitates for fresh discoveries in the Barents Sea to secure the country’s future as a key energy supplier to Europe.