Fossil Energy
In focus: COP26 shows world a glimpse of how it could be
In this week’s In Focus, we put spotlight on COP26 and energy transition updates which include biggest polluters pledging to joint action against climate change, oil majors joining forces for decarbonisation of energy and industry, and governments proposing phasing out coal and fossil fuel subsidies
New alliance launched at COP26 aims to set an end date for oil and gas production
A new global alliance has been announced during the COP26 summit in Glasgow, aiming to seek a managed phase-out of oil and gas production.
Mystery buyer takes possession of Solstad vessel
Solstad Rederi, a subsidiary of the offshore vessel owner Solstad Offshore, has sold one of its vessels to an undisclosed buyer.
Norwegian player to hop on the CCS bandwagon
Lime Petroleum has inked a deal with Nautilus Carbon Services to take part in a carbon capture and storage (CCS) project in Norway.
Neptune getting rid of non-core assets in Norway
Neptune Energy will divest its non-operated working interests in three producing fields and two export pipelines in Norway.
Draft COP26 deal calls for phasing out fossil fuels subsidies as U.S. and China tie up for climate action
As the final day of the COP26 conference is approaching, the pressure to end the era of fossil fuels is mounting and all eyes are on Glasgow.
Offshore regulator looking into incident on Equinor’s Troll C platform
The regulator has launched an investigation following findings of corrosion on Equinor-operated Troll C platform’s gas compressor coolers.
Vår Energi aims for net-zero emissions from all 35 oil & gas fields by 2030
Norwegian oil and gas company Vår Energi is setting new climate goals, aiming to be climate neutral in Scope 1 and 2 activities by 2030.
Noble shareholders voice concerns over Maersk merger plans despite ‘appealing optics’
Following an announcement that Maersk Drilling and Noble Corporation are merging, certain shareholders have voiced their concerns.
Equinor assembling supplier team for Barents Sea project
Equinor is putting together a team of Norwegian suppliers for the development of its operated Wisting field in the Barents Sea.
Maersk Drilling to merge with Noble
Danish offshore drilling contractor Maersk Drilling has entered into a definitive agreement to combine with Noble Corporation in a primarily all-stock transaction.
Baker Hughes and Shell unite to speed up global energy transition
Baker Hughes and Shell have joined forces to speed up the energy transition and reach net-zero carbon emission goals.
Eidesvik, Aker BP eye ammonia fuel cell tech for OSVs
Norwegian shipowner Eidesvik Offshore ASA has entered into a memorandum of understanding (MoU) with compatriot oil company Aker BP and Alma, a venture under establishment by Clara Venture Labs, to explore opportunities for utilising Alma’s proprietary fuel cell technology to accelerate the move to z
Disappointing results for Aker BP in North Sea
Aker BP has concluded the drilling of a wildcat well in the North Sea and encountered a minor oil discovery, which is not commercial.