North Sea EPC spend to top £2.8bn in 2021, about £1.8bn still to come – Westwood Global
North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
Earlier this month Murphy Oil joined a long list of explorers, which includes BP, Equinor, Chevron, Karoon Energy, Bight Petroleum, and their joint venture partners, that have now exited and passed over the opportunity to unlock the Great Australian Bight.
Bosses at Longboat Energy say they will harness the higher levels of interest being shown in the business to clinch more acquisitions.
Shell, Equinor, RWE and Gasunie are to push ahead with plans for a large-scale offshore hydrogen park off the coast of Germany.
More than 70 bids have been made by companies for the ScotWind offshore leasing round, showing the country’s “scale of potential” for wind development.
Low-carbon energy projects in the north-east could create up to 20,600 jobs in the next ten years, a new report has predicted.
Equinor is continuing to expand its floating offshore wind operations with plans to roll out the technology in France.
The world’s biggest oil and gas companies are more likely to talk to Wall Street about emissions than how their businesses might grow.
Industrial facilities operator px Group has agreed to join forces with Cerulean Winds for the development of three onshore green hydrogen production sites in the UK.
SSE and Equinor are developing plans for what would be one of the world’s largest hydrogen storage facilities.
North Sea firm Orcadian Energy has enjoyed a strong first morning on the London Stock Exchange, raising £3 million.
Aberdeen-headquartered energy services firm Ardyne has agreed a second joint industry project with Norwegian giant Equinor.
Bristow has announced a series of contract extensions for helicopter operations with Equinor, Shell and Neptune Energy in Norway.
Maersk Drilling has been awarded a contract extension with Equinor at the Martin Linge field worth around $10.5million.
A decade ago, Big Oil was still a reliable mainstay for shipyards specialising in offshore support vessels.
From Peterhead on the Aberdeenshire coast all the way down to Medway in the south east of England, we’re proud of the role SSE Thermal’s power stations play in keeping the lights on for homes, businesses, and communities across the UK.
EnQuest has announced the completion of its acquisition of the Bentley field, one of the North Sea’s largest untapped discoveries, from Whalsay Energy.
State-owned operator Equinor has celebrated the start of production on the Martin Linge oil and gas field after a big rise in costs.
Westwood Global Energy reports that as of June 28 there was one exploration well and one appraisal well active in the UK. Completions to date in 2021 are one appraisal well at 22/26d-3 Glengorm South and one exploration well at 22/6c-B4Z Bacchus South.
Norwegian energy giant Equinor has become the first company to start drilling an exploration well on the UK Continental Shelf this year.
Norwegian energy giant Equinor is the latest company to confirm its involvement in Scotland’s offshore wind leasing round.
A rebound in the oil price is unlikely to derail future hydrogen investments, industry experts have predicted.
Energy giant Equinor and Altera Infrastructure are “fully engaged” in a study that could result in the vessel owner’s Petrojarl Knarr FPSO being picked for the 300 million barrel Rosebank gig.
North Sea operators have handed back up to 1.1 billion recoverable barrels of oil from UK fields, according to data released by the Oil and Gas Authority (OGA).
Longboat Energy said today it had succeeded in raising £35 million through a share placement and confirmed farm-in agreements with Equinor and Spirit Energy.