European natural gas prices extended gains as a slump in Norwegian exports added to lingering concerns about possible disruptions at key Australian export facilities.
European natural gas prices fell to the lowest level in a month as the giant Norwegian Troll field is set to resume and demand remains subdued.
The Trollvind floating wind project is no longer commercial due to rising costs, said Equinor.
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.
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.
Equinor is studying the potential for a new 1GW wind farm to power a series of oilfields in the North Sea.
Norway is to up its production of gas in an effort to help Europe wean itself off supplies from Russia.
The Norwegian energy ministry has granted Equinor permissions for an additional 2.4 billion cubic metres of production from key gas fields, as it looks to maintain higher exports to Europe through the summer.
Troll Phase 3, deemed “one of the most profitable projects” in Equinor history, has started up off Norway.
Equinor has picked Aker Solutions to carry out a front-end engineering and design study for topside modifications to accommodate power from shore at the Troll B and C platforms.
Equinor today filed its £700-million-plus plans for further developing the huge Troll field off Norway.
Equinor, formerly Statoil, has awarded Aker Solutions a £91million for the supply of a module for the Troll A platform.
Statoil has awarded a North Sea and Barents Sea contract, totalling $255million.
Norway’s offshore safety body uncovered four non-conformities during checks on the Troll field and the Songa Endurance rig.
Statoil and its project partners in the Fram field off Norway have agreed to invest more than £90million to increase production from the asset.
Norwegian operator Statoil has been reprimanded over a potentially fatal North Sea blowout.
An internal report into two incidents last year by Statoil has found there could have been “loss of life”.
Norwegian operator Statoil will hold a press conference later today to reveal its findings into the cause of two incidents last year.
Aibel has been awarded a FEED contract by Statoil for a study into the installation of a new gas module on the Troll C platform.
Statoil has confirmed its cancellation of a rig contract with Stena Drilling.
Statoil has reportedly terminated its contract for the Stena Don rig on the Troll field.
Norwegian operator Statoil has been hit with a trio of incidents in the North Sea.
The Norwegian Petroleum Directorate (NPD) said it plans to sell 3D seismic data from an area southeast of the Troll field.
Statoil has taken back a COSL Drilling Europe semi-submersible at its Troll field off Norway swiftly after suspending the deal earlier this month.
Statoil has chosen to terminate as rig contract with COSL while also suspending another agreement with the company.