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Fossil Energy

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Norway and EU
Fossil Energy

With energy security and high prices in mind, EU and Norway strengthen ties with new deal

The EU has strengthened its energy cooperation with Norway through a new deal, aiming to secure its energy independence from Russia.

about 4 years ago
In focus: Energy players in strategic moves to net-zero
Fossil Energy

In focus: Energy players in strategic moves to net-zero

This week witnessed prominent industry players teaming up worldwide for energy transition projects and decarbonising their production and operations.

about 4 years ago
Five Noble rigs to join Shelf Drilling’s fleet for $375 million
Fossil Energy

Five Noble rigs to join Shelf Drilling’s fleet for $375 million

Shelf Drilling has inked a deal with Noble to buy five jack-up rigs, which are being sold to address concerns about the Noble-Maersk merger.

about 4 years ago
Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac
Fossil Energy

Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac

As GFANZ works to crystallise its climate threshold for financing, WoodMac wonders if COP27 could be a turning point for oil & gas funding.

about 4 years ago
Non-OPEC+ to spearhead global oil supply in 2023 with output from OPEC+ going down as sanctions take their toll on Russian volumes
Fossil Energy

Output from OPEC+ to go down in 2023 as sanctions take their toll on Russian volumes

The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.

about 4 years ago
UK operator sees last rig in its fleet off to scrap yard
Fossil Energy

UK operator sees last rig in its fleet off to scrap yard

After completing the sale of a rig, which has been stacked for years, Awilco Drilling is left with no other drilling assets in its fleet.

about 4 years ago
After missiles hit Black Sea platforms, reports indicate fire still ragging
Fossil Energy

After missiles hit Black Sea platforms, reports indicate fire still burning

Following an alleged missile strike on three platforms in the Black Sea, satellite images indicate the fire is still burning at the site.

about 4 years ago
Electrification of oil & gas platforms with renewable and conventional power sources could curb emissions up to 87 per cent, UK regulator reveals
Fossil Energy

Electrification with renewable and conventional power sources could curb emissions up to 87 per cent, UK regulator reveals

The NSTA has found that electrification of oil & gas platforms with renewable and conventional power sources could curb emissions up to 87%.

about 4 years ago
Norway may need over $6 bln in funding by 2025 for its green energy boost
Fossil Energy

Banking on renewable energy, Norway outlines roadmap to turn into ‘green industrial giant’

The Norwegian government has presented a roadmap for a green industrial boost, where renewable energy takes centre stage.

about 4 years ago
Oil output drops below prediction in May as Norway records slightly higher gas production
Fossil Energy

Oil output on the decline as Norway records slightly higher gas production in May

Norway saw a small increase in gas production while its oil output dropped below NPD’s predications for the third month in a row.

about 4 years ago
Northern Lights
Fossil Energy

ABB gets in on Norway’s Northern Lights project

Technology group ABB has secured a contract with Aker Solutions to deliver the main electrical, automation and safety systems for the Northern Lights project, the transport and storage component of Norway’s Longship project for establishing full-scale CO2 capture, transport and storage facilities. N

about 4 years ago
Shell hands out ‘multi-million-pound’ deal for several offshore and onshore assets in UK
Fossil Energy

Shell hands out new deal to Bureau Veritas for offshore and onshore assets in UK

Shell has awarded a long-term deal, covering 26 offshore installations and three onshore gas plants in the UK, to Bureau Veritas (BV).

about 4 years ago
Thanks to ‘new milestone,’ Equinor becomes first operator to deploy drones for offshore logistics ops
Fossil Energy

Equinor to become first operator to deploy drones for offshore logistics ops

Nordic Unmanned has revealed that Equinor will be the first operator to carry out offshore logistics operations using drones.

about 4 years ago
Petrojarl Knarr FPSO
Fossil Energy

Are major UK oil projects at risk after windfall tax?

Operators of two major oil projects located off the UK are laying the groundwork to sanction them next year. This comes at a time when the UK government has imposed the windfall tax on oil and gas profits so the question arises as to the effects of this new tax on these projects.

about 4 years ago
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