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Rules & Regulation

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As merger with Lundin goes into effect, Aker BP unveils plans to spend more than $15 billion on projects
Rules & Regulation

As merger with Lundin goes into effect, Aker BP unveils plans to spend over $15 bln on projects

The merger between Aker BP and Lundin’s E&P business has been completed, creating the largest listed E&P firm focused exclusively on the NCS.

about 4 years ago
All systems go for Wintershall Dea to bring North Sea tie-back on stream
Rules & Regulation

All systems go for Wintershall Dea to bring North Sea tie-back on stream

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Wintershall Dea has secured all approvals from the Norwegian authorities to start production from a field in the North Sea off Norway.

about 4 years ago
Aker BP - Lundin merger to come into force today
Rules & Regulation

Aker BP – Lundin merger to come into force today

Aker BP expects the acquisition of Lundin Energy’s oil and gas business, through a statutory merger, to be completed today.

about 4 years ago
Following upgrades, world’s first hybrid-electric anchor handler completes sea trials
Rules & Regulation

World’s first hybrid-electric anchor handler completes sea trials

Maersk Supply Service’s AHTS vessel, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials.

about 4 years ago
To wean off Russian fossil fuels with green hydrogen, Europe needs to ramp up renewables
Rules & Regulation

To wean off Russian fossil fuels with green hydrogen, Europe needs to ramp up renewables

To phase out Russian fossil fuels and speed up its energy transition, using green hydrogen, Europe will need to step up renewable deployment.

about 4 years ago
Dutch regulator: Shell and TotalEnergies can collaborate on CO2 storage
Rules & Regulation

Dutch regulator: Shell and TotalEnergies can collaborate on CO2 storage

The Netherlands Authority for Consumers and Markets (ACM) has given approval to competitors Shell and TotalEnergies to collaborate on CO2 storage in empty natural-gas fields in the North Sea. Shell and TotalEnergies plan to store CO2 on a large scale as part of the Aramis project, collaborating with

about 4 years ago
Council
Rules & Regulation

EU ministers agree higher 2030 targets for renewables, energy efficiency

The EU Council has adopted its negotiating positions on two legislative proposals that tackle the energy aspects of the EU’s climate transition.

about 4 years ago
Stamp of approval for ConocoPhillips to drill North Sea wildcat
Rules & Regulation

Stamp of approval for ConocoPhillips to drill North Sea wildcat

ConocoPhillips has secured a drilling permit from the country’s authorities for a wildcat well located in the North Sea offshore Norway.

about 4 years ago
Five Noble rigs to join Shelf Drilling’s fleet for $375 million
Rules & Regulation

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
The Arklow Bank offshore wind project in Ireland by SSE
Rules & Regulation

Ireland launches public consultation on electricity interconnection policy

Ireland’s Department of the Environment, Climate and Communications (DECC) has launched a technical consultation for the Electricity Interconnection Policy, published in 2018, in order to update it to reflect the developments that took place over the years. Published in July 2018, the National Polic

about 4 years ago
Danish govt to hold co-ownership in future CO2 storage licenses under new political deal
Rules & Regulation

Danish govt to hold co-ownership in future CO2 storage licenses under new political deal

The Danish government has signed a new political agreement with eight parties which implies that it will have a 20% co-ownership in future carbon storage licenses in the North Sea. Danish parties Venstre, Socialistisk Folkeparti, Radikale Venstre, Enhedslisten, Det Konservative Folkeparti, Dansk Fol

about 4 years ago
Petrojarl Knarr FPSO
Rules & Regulation

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
Well-Safe Protector
Rules & Regulation

Ithaca hires UK decom specialist to carry out P&A ops in North Sea

Delek’s Ithaca Energy has picked Well-Safe Solutions to undertake well decommissioning operations in the North Sea.

about 4 years ago
Rystad: Russian crude oil diverted from Europe to India & China as war rebalances trade flows
Rules & Regulation

Rystad: Russian crude oil diverted from Europe to India & China as war rebalances trade flows

Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia, Rystad says.

about 4 years ago