Norwegian energy companies Equinor, Aker BP and Vår Energi see their offshore oil and gas projects undergo significant cost increases, mainly due to inflation, delays and currency fluctuations.
Norwegian energy companies Equinor, Aker BP and Vår Energi see their offshore oil and gas projects undergo significant cost increases, mainly due to inflation, delays and currency fluctuations.
Norway allocates 35 billion NOK to support the development of floating wind, targeting a capacity of 2.25 GW by 2025. This strategic initiative strengthens the country's offshore energy transition.
Norway allocates 35 billion NOK to support the development of floating wind, targeting a capacity of 2.25 GW by 2025. This strategic initiative strengthens the country's offshore energy transition.
Equinor ASA strengthens its position in the renewable energy sector by acquiring nearly 10% of Ørsted’s shares, thereby becoming the second largest shareholder. This operation aligns with Equinor's sustainable growth strategy.
Equinor ASA strengthens its position in the renewable energy sector by acquiring nearly 10% of Ørsted’s shares, thereby becoming the second largest shareholder. This operation aligns with Equinor's sustainable growth strategy.
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.
Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field.
The deal, valued at $1.9 billion, could significantly boost Prio's production.
Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field.
The deal, valued at $1.9 billion, could significantly boost Prio's production.
The Johan Castberg field launches a new phase of exploration in the Arctic, vital for Europe's gas future in the face of declining resources in the North Sea.
The Johan Castberg field launches a new phase of exploration in the Arctic, vital for Europe's gas future in the face of declining resources in the North Sea.
Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.
Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.
Norway launches the world's first commercial CO2 transport and storage service.
The project could transform emissions management for hard-to-decarbonize industries.
Norway launches the world's first commercial CO2 transport and storage service.
The project could transform emissions management for hard-to-decarbonize industries.
Havfram signs a contract with Luxcara to transport and install 16 18.5 MW turbines at the Waterkant offshore wind farm in Germany's North Sea, with commissioning scheduled for spring 2028.
Havfram signs a contract with Luxcara to transport and install 16 18.5 MW turbines at the Waterkant offshore wind farm in Germany's North Sea, with commissioning scheduled for spring 2028.
