Equinor to drill on Martin Linge after uncovering dodgy wells
Equinor revealed today that several wells on the Martin Linge field, offshore Norway, had barrier “deficiencies” and could no longer be used for production.
Equinor
Europe could see $35bn in CCS spending till 2035, with UK dominating
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035 – by which time as much as 75 million tonnes of CO2 could be captured and stored per year on the continent, a Rystad Energy analysis shows.
Updated: EnQuest bosses says recent footprint shrinkage part of ‘natural cycle’
EnQuest bosses said today that the recent shrinking of the firm’s UK North Sea footprint was just part of the “natural cycle”.
Equinor in ‘world first’ drone operation to deliver equipment offshore – video
Equinor has claimed a “world first” with the use of a drone to deliver lifeboat system parts offshore, in what could be a sign of future North Sea logistics operations.
EVOL: Exxon stiffed, Equinor downsizing and who Dunnett at Ithaca?
Ed triumphantly returned from his semiaquatic sojourn in Somerset to join Mark and Allister for another ear-captivating edition of Energy Voice Out Loud, in association with the EIC.
UK to see world’s second-highest deployment of FPSO vessels in next five years
The UK North Sea will see the world's second-highest deployment of FPSO vessels in the next five years, according to new analysis.
Equinor making job cuts in UK, Canada and US in response to downturn
Equinor is making job cuts in the UK, Canada and US in response to the oil downturn, with its Aberdeen workforce included in the process.
Green hydrogen to be competitive with fossil fuels by 2040
Hydrogen made from renewable power will be compete on price with producing the gas from fossil fuels within two decades, according to analysis by research firm Wood Mackenzie Ltd.
VIDEO: Equinor stages helicopter rescue exercise at North Sea platform
Equinor has release dramatic footage of a mock helicopter rescue operation at an offshore platform in the North Sea.
12 start-ups for new TechX virtual accelerator programme
A dozen “pioneer” start-ups are taking part in the Oil and Gas Technology Centre (OGTC)’s third annual TechX Accelerator programme.
Equinor aims to retain ‘leading’ energy transition role with new CEO, says GlobalData
Following yesterday’s announcement of Equinor’s appointment of a new CEO, with an increased focus on the energy transition;
Equinor appoints Anders Opedal as new CEO
Equinor has appointed insider Anders Opedal as its new CEO, replacing Eldar Saetre who is to retire after 40 years in the Norwegian energy company.
Equinor offloads Bressay field to EnQuest in £13million deal
Equinor is selling a 40% operated stake in the huge Bressay field east of Shetland to EnQuest in a deal worth £13m.
Equinor plunges into the red as CEO warns of persistent Covid-19 ‘uncertainty’
Norwegian energy giant Equinor warned of the continued considerable "uncertainty" caused by Covid-19 as it plunged into the red in the first-half of 2020.
Analysts predict historic BP dividend cut, all majors to post Q2 losses
For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are set to post a quarterly loss.
Saipem bags Seagreen wind farm installation job
Italian engineering and construction firm Saipem has won a contract to install turbine foundations for the Seagreen wind farm, off the coast of Angus.
Report: Scotland holds ‘most attractive sites’ for floating wind as big growth forecast by 2040
A new report has claimed Scotland’s coastlines hold the “most attractive sites” for UK floating wind as the technology is set to explode over the next 20 years.
Aker Solutions reports faster-than-expected progress for £80m cost-cutting drive
Energy service firm Aker Solutions has reported faster-than-expected progress for its £80 million cost-cutting drive.
HydraWell and Exedra alliance creates new well abandonment service
Norway-based well integrity specialist company HydraWell has set its sights on growth by joining forces with a like-minded business.
CCS technologies are in place ‘but business case is not’ – Tom Baxter
Here is a quote from The Global CCS Institute “CCS is a proven and well understood technology”.
Equinor’s Tiger Lily well up next in central North Sea
Westwood Global Energy reports that as of July 1 there was one exploration and appraisal well active in the UK.
Equinor finance chief to take up the reins at Neo Energy
Exploration and production firm Neo Energy, of Aberdeen, will replace one mergers and acquisitions (M&A) specialist with another at the top of its management ladder.
Aker Solutions to cut dozens of offshore roles after Equinor puts North Sea project on hold
Aker Solutions will axe 44 offshore jobs after client Equinor shelved a UK North Sea project due to the oil price rout and Covid-19 outbreak.
Scottish floating wind price slash claims questioned by experts
The cost of delivering future North Sea floating wind farms could see prices slashed across the sector, according to new analysis.
Norway’s carbon capture plans could end up in financial ruin, report says
Norway’s plan for a full-scale carbon capture and storage project could end up a financial disaster, according to a new report that includes an increased cost estimate for the venture.