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.
Equinor
Dogger Bank turbine order creates jobs boost for north-east England
A new wind turbine contract for a major North Sea development will lead to the creation of around 120 jobs near Hartlepool.
Shetland eyes ‘more of that tax take’ from oil revenues in self-determination bid
The leader of Shetland Islands Council has said the region wants “to retain more of that tax take” from oil and gas revenues in its self-determination bid.
Wood bags £32.5m contract for Norway gas plant upgrade
Energy service firm Wood, of Aberdeen, has clinched a £32.5 million deal to upgrade the Kollsnes gas processing plant in Norway
BP sees attraction of stable green energy returns as oil and gas ‘gyrate’
BP and Equinor bosses are convinced their new US offshore wind pact can generate stable returns and help take the sting out of oil and gas price “gyrations”.
BP to buy stakes in US wind developments from Equinor for £845m
BP has struck a deal to buy 50% of the Empire and Beacon offshore wind projects on the US east coast from Equinor for £845 million.
Equinor targets Japan’s emerging offshore wind sector
Equinor has teamed up with two of Japan’s leading energy firms as it looks to make inroads into the East Asian country’s expanding renewables sector.
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.
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.