The Norwegian Government on Tuesday today announced its funding decision for the Northern Lights CO2 transport and storage project, led by Equinor, Shell, and Total.The three oil companies made a conditional investment decision on the Northern Lights CO2 transport and storage project in May 2020…
Inadequate investment in exploration and new drilling may leave the world without enough oil in 20 to 30 years despite a shift towards renewable power sources, top energy analysts say.The long-term outlook contrasts with today's situation where…
Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.An alleged nerve agent attack on Kremlin…
Germany and Denmark pledged on Monday to cooperate more closely on joint offshore wind power development via clusters in the North and Baltic Seas to spur renewable power and hydrogen production.The planned cooperation marks an important step…
Turkey will not abandon its rights and interests in the eastern Mediterranean because of possible European Union sanctions or criticism, Foreign Minister Mevlut Cavusoglu said on Monday.At a summit on Friday, EU leaders agreed to prepare limited…
The coronavirus pandemic may be accelerating a shift among companies worldwide to make their operations more environmentally sustainable, a high-ranking official at Norway's $1.25 trillion sovereign wealth fund said on Monday.The fund is one of the world's largest investors…
Offshore drilling company Dolphin Drilling said Tuesday that its Blackford Dolphin semi-submersible drilling rig had completed inspection and started a contract with Pemex in Mexico.'We are delighted to announce that on Thursday, 3rd December 2020…
Awilco Drilling said Tuesday its WilPhoenix offshore drilling rig - on contract with Serica in the North Sea - had incurred technical downtime in November, and is currently on a zero day rate.'The WilPhoenix incurred technical downtime on Monday…
Japan plans to install between 30 gigawatts and 45 gigawatts of offshore wind power by 2040 to reduce emissions and meet a target to achieve carbon neutrality by the year 2050, the Asahi newspaper reported on Tuesday, without citing sources…
UK Prime Minister Boris Johnson said over the weekend the government would end direct support for the fossil fuel energy sector overseas.In what the PM office said was a major policy shift, the UK will end taxpayer support for fossil fuel projects overseas 'as soon as possible…
Danish Energy Agency has approved Vattenfall's environmental assessment and construction plans for offshore wind farms Vesterhav Syd and Nord.Vattenfall can now begin the next stage of work on the offshore wind farms, which will produce electricity equivalent to the annual consumption of 380…
Norwegian company Solstad Offshore has won charters for two of its platform supply vessels in Norway.The offshore vessel owner said Monday that its platform supplier 'Normand Serenade' has won a medium-term contract with Wintershall Dea to support…
Swedish oil company Lundin, focused on oil and gas operations in Norway, has obtained regulatory consent to used the Rowan Viking jack-up rig on the Edvard Grieg offshore field.The consent, granted last week by the Petroleum Safety Authority Norway…
Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.The pipeline, which Washington says compromises European energy security…
Norwegian pre-rig technology company Neodrill, known for its Conductor Anchor Node (CAN) technology, has signed a frame agreement with Neptune Energy and shared info on its first two projects.Neodrill's two CAN-ductors were installed earlier…
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