OEUK issues stark energy security warning as Norway becomes UK’s primary gas supplier
The amount of gas the UK imports from Norway has outstripped domestic supplies for the first time, a key industry study has found.
norway
28,500 workers poised for strike action at Norwegian yards
Workers in Norway’s offshore fabrication and engineering sectors may strike this week, unless a new deal over wages and conditions can be reached.
Norwegian government gives green light to Equinor to increase gas production
Norway is to up its production of gas in an effort to help Europe wean itself off supplies from Russia.
Noble execs get top billing with Maersk Drilling merger
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Noble’s Robert Eifler as president and CEO.
Pandion Energy to double production as it buys ONE-Dyas Norway operation
Minnow Pandion Energy is to more than double its daily production after buying the Norwegian operations of ONE-Dyas.
Subsea 7 bags FEED contract with Equinor for North Sea project
Subsea 7 has been picked to carry out a front-end engineering and design (FEED) study for an oil and gas project offshore Norway.
Neptune Energy to go ‘beyond net zero’ by 2030
Neptune Energy has announced it aims to store more carbon than it emits from its operations and the products it sells by 2030.
High and volatile oil prices for the next five years, BofA forecasts
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
Norway moves forward with offshore wind auction
The Norwegian government has fleshed out plans for its 4.5GW offshore wind auction, confirming its intention to split one tranche into two 1.5GW phases.
Equinor hails ‘record’ earnings for Q4 2021 as European energy prices skyrocket
Equinor has hailed “record adjusted earnings” in Q4 of 2021 as European energy prices reached unprecedented levels.
Vattenfall, Seagust team up for Norway offshore wind bid
Vattenfall and Norwegian company Seagust have formed a joint venture to bid for offshore wind areas in Norway’s upcoming licensing rounds.
Aker Solutions profits surge as it aims for ‘record high order intake in 2022’
Engineering giant Aker Solutions has reported healthy profits in its 2021 results and sees potential for orders to reach “record high” levels in the coming year.
Equinor blazes the subsea drone stations trail
Six years ago, Equinor began a journey towards the creation of standardised docking infrastructure for subsea drones, a new class of vehicle with the potential to revolutionise robotic support in the oil & gas and maritime renewables sectors worldwide.
Aramco picks up Aker BP stake in Cognite
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Norway well slot: Three exploration wells active
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
‘ScotWind £700m should be used to create Scottish sovereign wealth fund’
The ScotWind licencing announcements on January 17th were certainly a welcome and hugely material vote of confidence in the future of the offshore energy sector in the UK.
Who won what? Norway dishes out 53 licences in oil and gas exploration round
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
Cost of subsea tie-backs to surge £4.8billion in global market leader Norway
The world’s top market for subsea tie-backs will take an inflation-driven cost increase of £4.8billion on upcoming contract awards through to 2026.
Union slams Aker BP over plans to bring in ‘intrusive’ vaccine requirements
The Norwegian joint venture of BP and Aker has been criticised over its plans to bring in Covid-19 vaccines requirements.
Aker BP given green light to drill North Sea pilot well
Oil exploration firm Aker BP (OSLO: AKRBP) has been given the go ahead to spud a pilot well in the Norwegian North Sea.
Video: Johan Castberg production vessel leaves dock in Singapore
The Johan Castberg production vessel is to set sail for Norway next month after it left the dock in Singapore.
VIDEO: FPSO arrives at Aibel yard for refurb ahead of Shell Pierce field expansion
Footage has been released of the FPSO for the Shell Pierce field arriving in Norway for refurb to allow for a gas expansion project at the UK field.
European human rights court takes up Norway Arctic drilling case
The European Court of Human Rights is asking Norway to respond to charges by activists that allowing new oil and gas drilling in the Arctic during an environmental crisis may breach fundamental freedoms.
Norwegian oil and gas sector tipped for ‘record number’ of FIDs in 2022
Despite “long-term headwinds”, it’s “full steam ahead” for Norwegian oil and gas operators next year, according to Wood Mackenzie.
AkerBP makes £10.5bn merger move on Lundin
AkerBP has set out a plan to buy Lundin Energy’s E&P business, which it will pay for in a combination of cash and shares.