Equinor half year profits top $20bn as ‘solid financial results impacted by lower prices’
Equinor’s year-on-year takings have been trimmed in half in what is likely to be a common theme amongst the world’s oil and gas giants in the coming days.
Equinor’s year-on-year takings have been trimmed in half in what is likely to be a common theme amongst the world’s oil and gas giants in the coming days.
Just Stop Oil has shared a video of its supporters covering the Department for Energy Security and Net Zero (DESNZ) with orange paint.
Fossil Free London has staged a sit-in at the offices of the UK Government’s Department for Energy Security and Net Zero to protest the Rosebank oil field.
Concerns over the emissions intensity of Equinor’s Rosebank development could be holding up project sign off, according to reports.
Campaigners have written to the UK government and regulators warning they intend to initiate legal action if development of Equinor’s Rosebank field is approved.
The Green Party MP Caroline Lucas has claimed the electrification of the proposed Rosebank oil field from the Viking windfarm would harm energy security.
The UK energy security minister, Graham Stuart, has countered arguments to reject Rosebank, saying that only in a “parallel universe” would it make sense to do so.
New analysis by WoodMackenzie sets out the “material opportunities” of the Rosebank and Cambo developments in terms of energy security, emissions and economics.
A look ahead to Rosebank's approval and the process to getting there.
Keir Starmer has further toned down the Labour party’s position on future North Sea oil and gas developments.
While it’s not a panacea - and may never actually kick into force - the windfall tax price floor could help with financing the $5bn of North Sea projects awaiting FID.
Over half of UK's fields are expected to cease production in the next decade, underlining the importance of projects like Rosebank, argues David Whitehouse.
Aside from the giant Rosebank and Cambo oilfields - the former expected to be sanctioned this year - there’s a pair of smaller projects in the FID pipeline for Ithaca Energy (LON: ITH).
Ithaca was also asked about the UK political climate, and Equinor’s 80% share in Rosebank.
UK upstream capital expenditure is up, showing a bounce back from the lull the industry experienced during the COVID pandemic.
The UK regulator, North Sea Transition Authority, has held a meeting with operators in the region to develop 22 new energy projects that will deliver over a billion barrels.
Prime Minister Rishi Sunak has said it makes "absolutely no sense to not invest" in resources in the UK, as he faced questions over plans to develop the Rosebank oil and gas field.
A group of 40 European Union lawmakers have called on UK Prime Minister Rishi Sunak to scrap plans to develop the Rosebank oil and gas field ahead of an energy summit next week.
While in Dundee for the Scottish Trades Union Congress’s (STUC) conference, first minister Humza Yousaf was questioned on the SNP's green policies.
Five and a half years ago, production started from phase two of BP’s Clair field West of Shetland and thoughts at the company started turning towards phase three, Clair South.
The minister of state for energy security and net zero, Graham Stuart, visited Aberdeen this week to meet with industry leaders.
The North Sea Transition Authority defended its analysis of upstream emissions as campaigners claim that approval of Rosebank field would exceed UK carbon budgets.
Protestors gathered in Aberdeen on Friday to voice their discontent at the UK government's continued backing for fossil fuels within its net zero strategy.
Arne Gurtner, Equinor's senior vice president for the UK, told an OEUK event that he wants the industry to be talking about FID on Rosebank by the time Offshore Europe rolls around.
"Energy security day" expected to include a revamped net zero strategy - though the venue of Aberdeen could change.