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.
ByAl Cook, executive vice president Exploration and Production International at Equinor
‘Daddy, I’ve written a letter to the Norwegian government!’ announced my 13-year old daughter Bee. When I asked her what it was about, she replied innocuously: ‘I asked the environment minister to stop oil exploration in northern Norway’.
JX Nippon Exploration and Production Ltd. is preparing the sale of its oil and gas fields in the UK North Sea, according to people with knowledge of the matter.
Subsea UK’s new TV debate style event makes its debut next week, with industry leaders and government panellists exploring how the subsea sector can support the energy transition and the blue economy.
Hundreds more green jobs are to be created in the UK after wind turbine contracts for what will be the world’s largest offshore wind farm were finalised.
Losses at Siccar Point Energy more than doubled in 2020 as the North Sea operator looks ahead to key decisions on its flagship Cambo field and the Equinor-operated Rosebank.
Plans for a new low-carbon power station in the north-east, which would support hundreds of jobs during the construction and operation phase, have been unveiled.
Korean National Oil Corporation (KNOC) said it will pursue its development plan for the nation’s first floating wind development after the 200MW Donghae-1 project passed a crucial feasibility study.
The offshore wind market in Asia is expected to experience massive expansion over the next five to 10 years, particularly in the more advanced economies of Taiwan, Japan and South Korea, as governments face increasing pressure to focus on climate change and hit their net-zero emissions targets.
Tanzanian President Samia Suluhu Hassan aims to wrap up talks on an LNG project within six months, but the government faces a tough task in securing new investments.