Norwegian oil and gas player Equinor has teamed up with Australian offshore wind developer Oceanex for three proposed offshore wind projects each with a planned capacity of up to 2GW.
Russia's invasion of Ukraine has brought energy security into the spotlight and Norway is stepping up to meet demands while providing stable finances for producers and leading the way in decarbonisation.
Equinor and Wintershall Dea have partnered up in the development of a Carbon Capture and Storage (CCS) value chain connecting continental European CO2 emitters to offshore storage sites on the Norwegian Continental Shelf.
Energy majors behind the Northern Lights project have signed what they say is the world’s first commercial agreement on cross-border CO2 transportation and storage with Norwegian chemical group Yara.
Equinor is reportedly considering a partial sale of its stake in Norway’s Statfjord field, along with minority holdings in several other satellite fields.
Shell, ExxonMobil, Chevron and Equinor plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer.
Equinor (OSLO:EQNR) and its Rosebank partners expect to spend around £80 million on modifications to the Knarr FPSO which will ready the vessel to run on low-carbon power.
The energy supermajors have released second quarter results and high commodity prices have pushed business' profits to new heights as we head into the second half of the year.
Equinor (OSLO:EQNR) has published economic analysis for its long-awaited Rosebank project, which sets out commitments to support thousands of UK jobs and invest billions of pounds in the local supply chain.
Equinor (OSLO:EQNR) has submitted a key document in relation to the Rosebank development, allaying fears it was considering ditching the £8.1 billion project.
As the European Union and the UK both scramble to replace Russian fossil fuel supplies, gas in particular, Norway has signalled its intention to step up as the partner of choice.
By Stephen Coomber, senior analyst, Westwood Global Energy Group
As of 25 July, Westwood Global Energy reports that there are five exploration wells active, three in the Northern North Sea and two in the Norwegian Sea.
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.