1/3 Brits are eager

North Sea projects scrapped?

North Sea projects scrapped? The fufillment of a windfall tax on oil and gas firms’ profits has reportedly made some reexamine their new fossil fuel projects in the North Sea. The Telegraph has announced that the Norwegian energy company Equinor is reviewing its plan to drill for oil and gas in the North Sea, in…
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Hammerfest LNG facility restarted after 20-month closure

Hammerfest LNG facility restarted after 20-month closure Equinor, the Norwegian energy company, has reopened the Hammerfest LNG facility after it was closed down for 20 months. The plant was first brought online in 2007 and was shut down in September 2020 for repairs after a fire. It is in production again following “extensive repairs and…
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Equinor’s Martin Linge offshore field has officially opened

Equinor’s Martin Linge offshore field has officially opened: Marte Mjs Persen, Norway’s Energy and Petroleum Minister, has officially opened the Martin Linge field in the North Sea. The recoverable resources are estimated to be around 260 million barrels of oil equivalent, and the field is expected to produce around 115,000 barrels of oil equivalent, primarily…
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Equinor & BP have reached a offshore wind milestone in NYC

Equinor & BP have reached a offshore wind milestone in NYC: Equinor and bp have taken a significant step forward in boosting home-grown offshore wind energy in New York by completing one of the largest renewable energy procurement activities in the US to date. The purchase and selling agreements (PSAs) for Empire Wind 2 and…
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Lincolnshire will be home to a ‘hydrogen town.’

Lincolnshire will be home to a ‘hydrogen town.’: Within the next decade, the Humber area might be home to one of the world’s first low-carbon “hydrogen cities.” This follows a collaboration between Equinor and Cadent to investigate the feasibility of establishing a hydrogen town in Lincolnshire. The cooperation intends to evaluate how gas networks may…
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Centrica intends to divest its Norwegian oil & gas holdings

Centrica intends to divest its Norwegian oil & gas holdings: Centrica said today that it has agreed to sell Spirit Energy’s oil and gas assets in Norway to Equinor and Sval Energi for approximately $1.07 million (£800 million). Spirit Energy’s Norwegian oil and gas exploration and production operations, as well as the Statfjord field in…
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Volatility in wholesale gas markets predicted for the winter

Volatility in wholesale gas markets predicted for the winter

Volatility in wholesale gas markets predicted for the winter: With wholesale gas prices reaching all-time highs in recent months, Cornwall Insight has examined the outlook for gas prices this winter with the analysis showing that sustained volatility is expected. Key findings GB gas prices have continuously reached record highs in the second half of 2021…
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Equinor is selling a stake in an Irish gas project for £326M

Equinor is selling a stake in an Irish gas project for £326M : Equinor has agreed to sell its non-operated equity stake in Ireland’s Corrib gas project to Vermilion Energy. Vermilion is the current operator and owns a 20% stake in the project. Nephin Energy owns 43.5 percent of the company, and Equinor owns 36.5% but…
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Dogger Bank C offshore wind farm in a whirl after reshuffle

Dogger Bank C offshore wind farm in a whirl after reshuffle: Italian energy firm Eni has obtained a 20% stake in the 3rd phase of what is reported as the world’s biggest offshore wind farm, the Dogger Bank C project. The company has purchased a 10% stake from SSE for £70 million. Equinor has additionally…
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