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).
Rosebank
Equinor acquires Suncor North Sea business in $850m deal
Norwegian oil giant Equinor (OSLO: EQNR) has signed an $850m deal to acquire the UK North Sea business of Canadian firm Suncor (TSE: SU).
XR beams ‘Stop Rosebank’ message onto Valaris 121 rig in Dundee
Campaign groups projected messages calling for an end to new fossil fuels onto the rig, which has been the focus of a missing persons investigation.
Frankie Boyle calls on PM to reject plans for Rosebank oil field
Comedian Frankie Boyle and climate campaigner Vanessa Nakate have urged the Prime Minister to throw out plans to develop a new oil and gas field in the North Sea.
Odfjell Drilling eyes ‘exciting tenders’ in West of Shetland
And would they bring a rig to Aberdeen? “Yeah,” says CEO Kjetil Gjersdal.
Regulator asks Equinor for more info on Rosebank marine impact
The UK’s offshore regulator has asked Equinor for further information on the environmental impact of its proposed £8bn Rosebank development.
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
Campaigners protest ‘immoral’ Equinor profits in London and Aberdeen
Climate campaigners intend to hold protests at the UK offices of energy giant Equinor (OSLO:EQNR) and the Norwegian embassy ahead of what are expected to be a further set of record profits.
Aker Solutions-DP World venture signs contract for Rosebank FPSO work
Drydocks World and Aker Solutions have signed off a contract with Altera Infrastructure for work to upgrade the vessel used to develop the Rosebank field.
‘We need visibility’: Baker Hughes boss in North Sea call to policymakers
Cambo is positive, Rosebank is positive, says Romain Chambault of Baker Hughes, but Harbour Energy’s windfall tax announcement shows the price of poor policy.
Calls for govt to publish Equinor response to regulator Rosebank concerns
Calls are being made for the UK Government to disclose information about the “environmental harm” of a contentious North Sea oilfield.
Altera hiring workers to revamp Knarr FPSO for Rosebank
Altera Infrastructure has launched an employment drive as it prepares for the redeployment of the Knarr FPSO.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Rosebank needed for UK energy security: Equinor boss
Equinor chief executive Anders Opedal said Rosebank will be needed to shore up UK energy security, and that recent windfall tax measures had not affected the company’s North Sea strategy.
Government challenged over ‘gas giveaway’ incentives, Rosebank support
MPs challenged the government over its energy efficiency performance and the continued licensing of new oil and gas fields, while a government minister reiterated a continued need for fossil fuels.
Harbour Energy projected for $5.5bn windfall tax payments by analyst
Revisions to the windfall tax – or energy profits levy – increased the estimated bill of Harbour Energy (LON:HBR) by over $2bn, according to analysis.
Aker Solutions and Drydocks win major deal to upgrade Rosebank FPSO
Aker Solutions (OSLO: AKSO) and Dubai’s Drydocks International have won a deal worth up to £330.5m to upgrade the FPSO for the Equinor Rosebank oilfield.
Rosebank ‘key driver’ as Altera Infrastructure emerges from bankruptcy
Aberdeen-headquartered Altera Infrastructure has emerged from Chapter 11 bankruptcy, hailing a deal for the Equinor Rosebank oilfield as a “key driver”.
Equinor mulling £1.2bn move for Suncor UK North Sea assets, according to reports
Equinor (OSLO: EQNR) is chewing over whether to make a play for a package UK North Sea assets currently owned by Suncor, according to reports.
Greens call for halt to ‘climate disaster’ Rosebank development
Scottish Greens have called on the UK government to halt development of the controversial Rosebank oil and gas field, but the Tories hit back at their so-called “reckless, uninformed obsession.”
Labour turns up the heat on Rosebank oilfield
Labour has urged the new UK business secretary to shut down the Rosebank oilfield before it begins production.
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.
‘Record’ floating production capacity sanctioned in 2022
More than 2 million barrels per day of floating production system (FPS) throughput capacity could be sanctioned this year – the highest for more than a decade – according to analysis from Westwood Global Energy.
‘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.
Campaigners launch trio of legal challenges to derail North Sea licensing round
A coalition of campaign groups have vowed to mount three separate legal challenges to the UK government in a bid to stop the award of new North Sea oil and gas licences.