Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.
Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
The United Kingdom is set to replace the Energy Profits Levy with a new fiscal mechanism, caught between fairness and simplicity, as the British Continental Shelf continues to decline.
An American-built electric aircraft completed a test flight between Stavanger and Bergen, marking a key step in integrating zero-emission air cargo operations into Norwegian airspace.
Orsted and two U.S. states have taken federal legal action to contest the abrupt halt of the Revolution Wind project, a $5 billion offshore venture now at risk of prolonged suspension.
Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
BW Offshore has been chosen by Equinor to supply the FPSO unit for Canada’s Bay du Nord project, marking a key milestone in the advancement of this deepwater oil development.
Equinor confirms its participation in Ørsted’s capital increase, aiming to maintain its 10% stake and support the financial stability of the Danish group facing headwinds in offshore wind.
Norwegian authorities begin the first regulatory phase for two modular nuclear reactor projects, marking a strategic step in the national review of the potential role of nuclear energy in the country’s power mix.
The Northern Lights project has injected its first volume of CO2 under the North Sea, marking an industrial milestone for carbon transport and storage in Europe.
The Revolution Wind project, already 80% complete, has been halted by the U.S. administration over national security concerns, creating major uncertainty in the sector.
Norwegian producer Aker BP raises its oil potential forecast for the Omega Alfa well, part of the Yggdrasil project, with estimated resources reaching up to 134 million barrels of oil equivalent.
According to the Oxford Institute for Energy Studies, the adoption of low-carbon ammonia in maritime transport faces economic, regulatory, and safety barriers, despite growing international pressure to reduce emissions from the global fleet.
Vantage Drilling has sold the Tungsten Explorer drilling vessel to a joint venture with TotalEnergies, while retaining its operational management for a minimum period of ten years.
ConocoPhillips targets $5 bn in asset disposals by 2026 and announces new financial adjustments as production rises but profit declines in the second quarter of 2025.
RWE signs long-term agreements with North Star for four new service vessels, strengthening maintenance of its offshore wind farms in the United Kingdom and Germany amid a tight market for specialised maritime capacities.
Scatec has finalised the financing for its 142 megawatt solar project in Minas Gerais, Brazil, marking a new milestone for the Norwegian company in the South American market.
The restart of Norway’s Hammerfest LNG site by Equinor follows over three months of interruption, strengthening European liquefied natural gas supply.
Hy24 and Everfuel announced Tuesday a total investment of €200 million to create a joint venture that will finance infrastructure to produce green hydrogen in Denmark, Norway, Sweden and Finland.
Sámi activists and Greta Thunberg gathered in front of the Norwegian Ministry of Energy yesterday to protest against the violation of fundamental rights through a wind turbine project still in place despite a court decision.
According to the International Energy Agency (IEA), global oil demand is expected to increase by 100,000 barrels per day in 2023 due to China's economic recovery and the aviation sector. Market optimism and external factors boosted production, with an increase in the estimate for global oil production growth of 200,000 b/d.
Equinor awards major contract to Aibel for Hammerfest LNG modifications for the Snøhvit Future project. This EPCI contract includes the engineering, procurement, construction and installation of two new process modules related to compression and onshore electrification of the Melkøya plant. The goal is to extend the life of the plant until 2050, while reducing CO2 emissions by 850,000 tons per year.
Nexans is announcing a "record" year in 2022, with net profit up sharply by 51% to 248 million euros, thanks to the electrification activities and the remarkable contribution of its "Power Generation & Transmission" segment. The U.S. is a key market for the group, which plans to continue its strategy of championing sustainable electrification globally as part of its 2022-2024 transformation plan called "Winds of change."
Aker BP announces ambitious plans to increase its crude oil production, including increased volumes of Grane crude blend. Investments in the Ivar Aasen, Edvard Grieg, Symra, Solveig Phase 2 and Troldhaugen fields, as well as the major Yggdrasil project, will enable Aker BP to reach an average production of 430,000 to 460,000 b/d in 2023.
Spending to address the energy crisis has reached nearly €800 billion in Europe, but the measures taken lack focus and effectiveness, according to Bruegel analysis.
The underwater explosions of the Nord Stream 1 and 2 gas pipelines last year raised questions about who was responsible. While the accusations are directed at Russia, an article by the famous American investigative journalist Seymour Hersh accuses the United States and Norway of being behind the sabotage.
he Norwegian energy giant, Equinor, announced on Wednesday exceptional financial results for the year 2022. Net income reached $28.7 billion, due to the surge in gas prices. Equinor's future investments, generous shareholder compensation plans, and strong growth position for the future point to a company on the rise.
TotalEnergies has won two licenses to explore the possibility of storing CO2 in the North Sea in Denmark. The goal is to lock up 5 million tons of CO2 per year by 2030 in an area of more than 2,000 km2, located about 250 km from the western Danish coast.
The finalization of the FREYR Battery and Nidec Corporation joint venture is taking shape. The two companies combine their expertise and skills under the name Nidec Energy AS.
