Baker Hughes snaps up Norwegian carbon capture technology pioneer
US energy service firm Baker Hughes has bought a Norwegian carbon capture technology specialist.
Equinor
Updated: Equinor becomes latest oil giant to set course for net-zero emissions by 2050
Equinor said today it would strive to lower its emissions to net-zero by 2050, emulating fellow energy giants BP and Shell.
Equinor on track with plans to reduce operating costs, stays firmly rooted in the red
Equinor is on track with plans to reduce its operating costs by $700 million as part of its “forceful response” to combat “market turmoil”, according to its latest accounts.
Impact reclaims South African blocks
South Africa has approved Impact Oil and Gas to take over the Transkei and Algoa exploration right, and Tugela South exploration right, offshore South Africa.
Hydrocarbons business is our ‘engine room’, BP chief says
BP chief executive Bernard Looney today described the firm’s hydrocarbons division as the “engine room” of the business.
Fire-damaged LNG plant in Norway to remain closed for up to a year
The Hammerfest LNG plant will have to remain closed for up to 12 months for repairs following a fire on September 28, Equinor said today.
BP, Eni, Equinor, Shell and Total team up to develop North Sea carbon capture infrastructure
A number of the oil and gas industry’s biggest players have joined forces to speed up the decarbonisation of industry and power.
Equinor appoints new CFO as Lars Bacher resigns
Equinor has appointed a new chief financial officer (CFO) as incumbent Lars Bacher resigns after nearly 30 years with the firm.
Suncor mulls sale of stakes in UK and Norwegian North Sea fields
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
Europe’s CCS projects boosted by increased funding
Increased funding from the EU and national governments have boosted the prospects for carbon capture technologies in Europe. Three projects in the Netherlands, Norway and UK could be operational by 2024.
£3.5m North of Tyne programme seeks offshore innovators
A new £3.5m offshore innovation programme has been launched today, primarily targeting supply chain companies located in the North of Tyne area with opportunities to fund and support technology innovation in the offshore wind and subsea sectors.
Wood wins £58million Mariner contract with Equinor, supporting 100 jobs
Wood has secured a $75million (£58.2m) contract with Equinor for its Mariner field, supporting around 100 jobs.
Floating offshore wind sector faces ‘huge’ mobilisation challenges
The floating offshore wind sector will have to overcome “huge” mobilisation challenges in order to get up and running, according to an industry expert.
Trump attempts to swing wrecking ball
I like this. Despite Donald Trump’s vitriolic hatred of turbines. In August, more than 100 governors, mayors and government officials across 40 American states declared their support for the wind industry during American Wind Week 2020.
Zero Carbon Humber Partnership submits £75 million bid to advance UK’s first net zero industrial cluster
Twelve leading companies and organisations across the Humber have jointly submitted a bid worth around £75 million to accelerate decarbonisation in the UK’s most carbon intensive industrial region.
Renewables industry reacts to Johnson’s ‘green industrial revolution’ pledge
The renewables industry has been reacting to the prime minister’s commitment to implement a “green industrial revolution” that will generate hundreds of thousands of jobs.
Odfjell Drilling awarded major contract for work on Breidablikk field
Equinor has awarded a $290 million (£223m) contract to Odfjell Drilling for work on the 200-million-barrel Breidablikk field in the Norwegian North Sea.
Equinor shuts down four fields off Norway due to strike
Strike action has forced Equinor to shut down production at four of its fields on the Norwegian continental shelf.
Firing the starting pistol on countdown to COP26
World leaders were due to convene in Glasgow for the UN Climate Conference (COP26) in November for what was anticipated to be a transformational moment in the energy transition.
Sonangol finally sets out plans for research centre
Sonangol has announced plans for the construction of a scientific research and innovation centre by 2021.
Equinor to reduce size of exploration team
Norwegian energy giant Equinor will reduce the size of its UK exploration team in an effort to “increase efficiency and reduce cost”, a spokesperson said.
Construction on Equinor’s Hywind Tampen project gets underway
Construction on what will be the world’s first floating offshore wind farm to power offshore oil and gas platforms has got underway.
UKCS exploration drilling on course for record low in 2020, Westwood Global says
UK offshore exploration drilling is on course to slump this year to its lowest level since companies starting scouring the North Sea for oil in the mid-1960s.
Aker Solutions, Wood clinch contracts as Equinor sanctions major subsea development
Equinor and partners have made a final investment decision to develop the 200-million-barrel Breidablikk field in the Norwegian North Sea.
Energy transition may ‘push’ oil majors to sell or swap $100billion of assets – Rystad
Oil majors may be "pushed" to sell or swap more than $100billion of assets due to the energy transition, according to Rystad Energy.