Tag Archives: North Sea

When the Labour Party came into power, it vowed to tax the oil and gas industry more. Warnings this might backfire fell on deaf years. Now, banks are refusing to lend to North Sea operators. It may well end with energy shortages. “To deliver our clean power mission, Labour will …

All major North Sea oil countries are expected to continue drilling for oil and gas as they fail to agree on climate measures. The major oil-producing countries operating in the North Sea have all announced ambitious production goals for the coming years, despite pressure from European governments and environmentalists to …

Energy major Equinor has made an oil and gas discovery near Oseberg, one of the top fields offshore Norway, which could add additional resources to the field, the Norwegian Petroleum Directorate said on Friday. Equinor and its partners in the license, Petoro, TotalEnergies, and ConocoPhillips, made the discovery about four …

Equinor will replace two gas turbines with heat recovery to produce electric power. This will reduce annual CO2 emissions by 95 000 t. Statfjord C will change its power solution to cut emissions. A new steam turbine will produce electricity based on surplus heat from two gas compressors. This will …

A court in the Netherlands has suspended a project for natural gas drilling and extraction in the North Sea due to potential environmental damage. The offshore gas project, proposed by Netherlands-based company ONE-Dyas, was approved by the Dutch Ministry of Economic Affairs and Climate in June last year. The Dutch …

Leaders from European countries surrounding the North Sea are set to pledge to expand renewable generation in the region to strengthen energy security, at a summit in Ostend, Belgium, on Monday. Seven European Union countries, including France, Germany and the Netherlands, alongside non-EU countries Norway and the United Kingdom, will …

Equinor ASA and Norwegian airport regulator Avinor aim to make “advanced drone operations” over the North Sea common place to make it easier to inspect rigs and cut down the vast distances between the oil and gas platforms. Establishing an unmanned air traffic system will make it easier to employ …

Norway-based oil and gas company Noreco, to be renamed BlueNord, has set the wheels into motion to participate in a mini-round of licencing in the Danish sector of the North Sea. Noreco revealed on Wednesday, 12 April 2023, that it had submitted a licence application for acreage containing the Elly-Luke …

The Norwegian Petroleum Directorate (NPD) last week granted Equinor a drilling permit for wellbores 34/6-6 S and 34/6-6 A, expected to be drilled in November and December 2022, respectively. The prospect is named Angulata Brent. Both wells are located in production licence 554, between Garantiana and Visund fields. The licence …

Earlier this month, energy leaders from across the world descended on Stavanger, Norway, for the annual Offshore Northern Seas (ONS) conference. The focus of this year’s event was clear: how we can accelerate Europe’s transition to a low-carbon future while at the same time ensuring a reliable and affordable energy …