Cnooc’s $3bn UK portfolio sale has stalled on valuation gap
Cnooc (TSX: CNU) has paused a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3 billion in a deal, according to people familiar with the matter.
Equinor
Equinor awards Linde major FEED contract for H2H Saltend project
Equinor (OLSO: EQNR) has awarded a front-end engineering design (FEED) contract for its H2H Saltend project to Linde Engineering.
Norwegian tax incentives help drive $43bn of new investment
24 Norwegian oil and gas projects were green lit in 2022, marking a record-breaking year for project approvals, according to data from Rystad Energy.
League table: Which oil and gas firms produce most emissions?
Which integrated gas companies produce the most emissions?
Oilfield giant SLB sees 83% earnings jump to $3.4bn in 2022
Oilfield services giant SLB (NYSE: SLB), formerly Schlumberger, has enjoyed a whopping 83% leap in its net income during its 2022 results, to $3.4 billion.
Saipem secures North Sea work with Equinor
Offshore contractor Saipem (MI: SPM) has bagged a deal with Equinor (OSLO: EQNR) for work on a North Sea pipeline project.
Calls for govt to publish Equinor response to regulator Rosebank concerns
Calls are being made for the UK Government to disclose information about the “environmental harm” of a contentious North Sea oilfield.
Altera hiring workers to revamp Knarr FPSO for Rosebank
Altera Infrastructure has launched an employment drive as it prepares for the redeployment of the Knarr FPSO.
Equinor and partners find new gas in Norway
Equinor, alongside partners Wintershall Dea and Petoro, have made a commercial gas discovery of up to 69.2 million barrels of oil equivalent (BOE) in the Norwegian North Sea.
10 years on from the In Amenas attack
Arkab, in a speech, said the country was indebted to those foreign and Algerian workers who had died in the attack.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Rosebank needed for UK energy security: Equinor boss
Equinor chief executive Anders Opedal said Rosebank will be needed to shore up UK energy security, and that recent windfall tax measures had not affected the company’s North Sea strategy.
Equinor and RWE bosses take up senior posts at BP
London-listed supermajor BP (LON: BP) has kicked off 2023 with the announcement of two new senior appointments.
Norway dishes out dozens of oil and gas licences
Norway has handed out nearly 50 oil and gas exploration licences in a “gratifying” display of interest in the sector.
Probe into fire at Equinor oil refinery uncovers ‘several nonconformities’
An investigation into a fire at an Equinor-operated oil refinery has shed light on a number of regulatory “nonconformities” at the site.
Harbour Energy projected for $5.5bn windfall tax payments by analyst
Revisions to the windfall tax – or energy profits levy – increased the estimated bill of Harbour Energy (LON:HBR) by over $2bn, according to analysis.
Norway’s $30 billion of new projects to sustain gas flow to 2026
Norway will be able to sustain gas production at last year’s elevated level until at least 2026 thanks to 300 billion Norwegian kroner ($30 billion) of investment in new offshore fields.
Aker Solutions and Drydocks win major deal to upgrade Rosebank FPSO
Aker Solutions (OSLO: AKSO) and Dubai’s Drydocks International have won a deal worth up to £330.5m to upgrade the FPSO for the Equinor Rosebank oilfield.
Rosebank ‘key driver’ as Altera Infrastructure emerges from bankruptcy
Aberdeen-headquartered Altera Infrastructure has emerged from Chapter 11 bankruptcy, hailing a deal for the Equinor Rosebank oilfield as a “key driver”.
Equinor mulling £1.2bn move for Suncor UK North Sea assets, according to reports
Equinor (OSLO: EQNR) is chewing over whether to make a play for a package UK North Sea assets currently owned by Suncor, according to reports.
Updated: RWE and Equinor plan Norway-Germany hydrogen pipeline
RWE and Equinor said they would build hydrogen power plants, as well as a pipeline to send the fuel to Germany from Norway.
Greens call for halt to ‘climate disaster’ Rosebank development
Scottish Greens have called on the UK government to halt development of the controversial Rosebank oil and gas field, but the Tories hit back at their so-called “reckless, uninformed obsession.”
Labour turns up the heat on Rosebank oilfield
Labour has urged the new UK business secretary to shut down the Rosebank oilfield before it begins production.
Equinor hails five years of operation at pioneering Hywind Scotland off Peterhead
The world’s first floating offshore wind farm – Hywind Scotland - has passed five years in operation since its commissioning in 2017.
Equinor completes delayed upgrade work at Njord field
Production from Equinor’s (OSLO: EQNR) Njord field in the Norwegian Sea resumed yesterday following a major upgrade project.