Appetite for investment: Equinor boss says Suncor deal shows โcommitment to the UKโ
Concerns around the windfall tax may see some companies look beyond the UK for M&A deals โ but not Norwayโs Equinor (OSLO: EQNR).
Concerns around the windfall tax may see some companies look beyond the UK for M&A deals โ but not Norwayโs Equinor (OSLO: EQNR).
Norwegian oil giant Equinor (OSLO: EQNR) has signed an $850m deal to acquire the UK North Sea business of Canadian firm Suncor (TSE: SU).
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.
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.
And would they bring a rig to Aberdeen? โYeah,โ says CEO Kjetil Gjersdal.
The UKโs offshore regulator has asked Equinor for further information on the environmental impact of its proposed ยฃ8bn Rosebank development.
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
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.
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.
Cambo is positive, Rosebank is positive, says Romain Chambault of Baker Hughes, but Harbour Energyโs windfall tax announcement shows the price of poor policy.
Calls are being made for the UK Government to disclose information about the โenvironmental harmโ of a contentious North Sea oilfield.
Altera Infrastructure has launched an employment drive as it prepares for the redeployment of the Knarr FPSO.
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.
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 companyโs North Sea strategy.
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.
Revisions to the windfall tax โ or energy profits levy โ increased the estimated bill of Harbour Energy (LON:HBR) by over $2bn, according to analysis.
Aker Solutions (OSLO: AKSO) and Dubaiโs Drydocks International have won a deal worth up to ยฃ330.5m to upgrade the FPSO for the Equinor Rosebank oilfield.
Aberdeen-headquartered Altera Infrastructure has emerged from Chapter 11 bankruptcy, hailing a deal for the Equinor Rosebank oilfield as a โkey driverโ.
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.
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 โreckless, uninformed obsession.โ
Labour has urged the new UK business secretary to shut down the Rosebank oilfield before it begins production.
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
More than 2 million barrels per day of floating production system (FPS) throughput capacity could be sanctioned this year โ the highest for more than a decade โ according to analysis from Westwood Global Energy.
Equinor has been pushed for answers on the emissions profile of its ยฃ8bn Rosebank project planned for the West of Shetland.
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.