Appetite for investment: Equinor boss says Suncor deal shows ‘commitment to the UK’
Concerns around the windfall tax may see some companies look beyond the UK for M&A deals – but not Norway’s Equinor (OSLO: EQNR).
Electrification
Equinor hands out £650m contract for major electrification project
The Snohvit Future project consists of two developments, and will cut emissions and extend the life of the namesake gas field.
Fears windfall tax subsidy could distort North Sea electrification process
Concerns have been raised about the unintended consequences of the UK Government’s subsidy for electrifying oil and gas platforms.
FIDs predicted in 2023 for large untapped UK oil and gas fields
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
Ping Petroleum presses ahead with ‘pioneering’ Avalon oilfield in UK North Sea
Ping Petroleum is pressing ahead with plans to develop the Avalon field in the UK North Sea, hailed by bosses as a “pioneering scheme” to slash production emissions from oil and gas.
‘Please clarify’: Regulator questions Equinor over £8bn Rosebank oilfield emissions
Equinor has been pushed for answers on the emissions profile of its £8bn Rosebank project planned for the West of Shetland.
West of Shetland oilfields due for $500m value bump from electrification
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) will see the valuations of their West of Shetland oilfields increase by half a billion dollars after electrification, according to analysis.
Hydrogen will not play major role in heating UK homes – review
Hydrogen will not have a major role in the future of heating homes across the UK, according to a new review of more than two dozen independent studies.
Mocean, Verlume and Baker Hughes announce subsea wave energy link-up
Scottish firms Mocean Energy and Verlume have announced an agreement with oilfield services giant Baker Hughes on subsea wave power.
‘We would love to see Rosebank electrify the region’ says Equinor boss
Equinor is hoping its £8 billion Rosebank project can “trigger” wider electrification across the West of Shetland region.
Equinor’s Trollvind project was born out of power necessity
Oil and gas accounts for 25% of CO2 emissions from Norway. Quite simply, if the industry doesn’t step up then the country cannot meet its climate targets.
Firm unveils multi-billion pound INTOG plans to decarbonise ‘every platform in North Sea’
A pioneering offshore wind firm has unveiled details of its multi-billion pound INTOG plans; aimed at decarbonising “every platform” sitting in Scottish waters of the North Sea.
Oil majors near concept-select for electrifying North Sea platforms
Oil majors Shell, BP, TotalEnergies and independent Harbour Energy are nearing a concept selection for electrification of several North Sea platforms.
Kraken FPSO ‘almost impossible to electrify’ but EnQuest looks to creative solution
EnQuest has said its Kraken FPSO is “almost impossible to electrify” and is looking at creative alternatives to decarbonise the asset.
Electrification will prove ‘beyond all doubt’ North Sea can produce oil cleanly, says regulator
Electrification efforts will prove “beyond all doubt” that the North Sea can produce oil and gas in a climate-compatible way, the regulator has claimed.
NSTA to share electrification competition insights at North Sea event
Offshore Energies UK (OEUK) will host key operators and the North Sea Transition Authority (NSTA) at an upcoming event examining how the North Sea can reduce emissions through the electrification of offshore platforms.
Outcry as UK loses out to UAE’s Lamprell on £10bn floating wind projects
Work for a trio of giant floating wind projects off the coast of Scotland have gone to the UAE fabricator Lamprell, sparking outcry.
Op-ed: Andy Samuel on the OGA becoming the North Sea Transition Authority
April Fools’ Day is nearly here but jokes and pranks will be far from people’s minds.
Shell with new plan to get Jackdaw gas field online in 2025
Shell has unveiled new plans in a bid to get its rejected Jackdaw gas field in the North Sea back on track.
Shell ‘mapping out next steps’ on Cambo
Shell has said it is working with Siccar Point Energy and the UK Government to “map out the next steps” on the Cambo project.
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.
INTOG: ScotWind-style auction launching this year for offshore wind to power oil platforms
A ScotWind-style auction will be launched this year for offshore wind projects to power oil and gas platforms in the North Sea.
‘Push on and do more’: Serica Energy looks to next level of North Sea investment
“A really opportune moment” beckons for Serica Energy, according to chief executive Mitch Flegg, with gas prices strong, new production online and, since the turn of the year, reaching a major milestone for its North Sea business.
‘More energy, less emissions’: TotalEnergies, Harbour and Serica Energy bosses on North Sea future
“More energy and less emissions” is how TotalEnergies’ North Sea boss summarises the company’s strategy for the coming years. And that, broadly speaking, is reflected across the plans of others too.
ADNOC unveils £2.7billion electrification project for huge offshore oil and gas fields
ADNOC has unveiled a £2.7billion development for electrification of giant offshore oil and gas fields off Abu Dhabi.