Europe
News
December 30, 2022
The Finnish Government gave consent regarding research permits to Eolus for the two offshore wind projects Wellamo and Tuulia in the Finnish Bothnian Sea. The Environmental Impact Assessment and seabed investigations will begin in 2023.
News
December 29, 2022
The oil and gas industry warns that the Energy Price Levy, which slaps a 35% rate on profits from North Sea producers, risks drying up investment in a sector that’s key to the country’s energy security even as it transitions away from fossil fuels to achieve climate goals.
News
December 29, 2022
The agreement will see the companies examine the potential to supply renewable electricity from Ørsted’s Hornsea offshore windfarm projects to power future Neptune-operated hubs in the UK North Sea.
News
December 28, 2022
Neptune Energy welcomed Equinor’s announcement of the start of production from the Njord field in the Norwegian Sea. This news follows a major upgrade of the platform and the floating storage and offloading vessel.
News
December 22, 2022
Britain’s wind farms produced nearly 74 terawatt hours so far this year, enough to power more than 19 million British homes, according to National Grid data. That exceeded the previous record of 68 terawatt hours set in 2020.
News
December 20, 2022
Cushaling Wind Farm incorporates the latest technologies and will mark the first use in the Irish market of the Vestas V162-6.2 MW EnVentus turbines. The turbines will maximize the local wind energy resource potential.
News
December 19, 2022
In Oman, three rigs have been extended for a total of seven years of work. Additionally, KCA Deutag’s Kenera business unit will provide a grid container for rig T-899. Elsewhere, the T63 has mobilized to drill two wells, with two more optional wells, for a client in Kurdistan.
News
December 19, 2022
The partnership will submit a plan for development and operation to the Ministry of Petroleum and Energy before the end of December. They will recommend that the Berling field be developed as a subsea tieback to the Åsgard B platform some 12.43 miles away.
News
December 19, 2022
Ramping up projects such as wind farms at sea is set to play a key role if Europe is to reduce its dependence on natural gas and cut carbon emissions. The UK plans to increase capacity of offshore wind production fivefold to 50 gigawatts by the end of the decade.
News
December 16, 2022
The Asterion deal gives Repsol a 7.7-gigawatt portfolio in Spain, Italy and France. The assets comprise 4.9 gigawatts of photovoltaic solar and 2.8 gigawatts of wind generation — some still under construction.
News
December 16, 2022
Along with several measures to increase efficiency and recovery, these development projects will enable Aker BP's oil and gas production to grow from around 400,000bpd in 2022 to around 525,000bbl in 2028.
News
December 14, 2022
OEUK warned that the declining output from the UK’s existing fields meant continued exploration and financing were vital for the UK’s energy security. They also announced David Whitehouse as the new CEO.
News
December 12, 2022
The EU faces a potential shortfall of almost 30 billion cubic meters of natural gas in 2023 – but they can close gaps and avoid shortages by improving energy efficiency, deploying renewables, installing heat pumps, promoting energy savings and increasing gas supplies.
News
December 08, 2022
Earlier this year, UK Chancellor Hunt increased a windfall tax on profits for the sector to 35%, from 25%, and extended it to 2028 to help subsidize energy bills that have soared on natural gas prices.
News
December 06, 2022
The U.S. raised its forecast for oil production next year, reversing course after five straight months of cuts that stoked concern about a slowdown in output from shale fields.
News
November 30, 2022
Offshore Energies UK, the leading trade body for the UK’s offshore energy industry, has launched a report pinpointing key skills shortages that could put the transition to cleaner energies at risk.
News
November 28, 2022
Shell Plc will buy Nature Energy Biogas A/S from hedge fund Davidson Kempner Capital Management for nearly $2 billion as the oil major expands its transition from fossil fuels.
The deal will make Shell the largest producer in Europe of what’s known as renewable natural gas, known as RNG, according to a statement.
News
November 28, 2022
Perenco UK has signed a contract for a campaign of drilling operations using the Valaris 247 jack-up rig, the company announced on Monday.
News
November 27, 2022
Spain’s parliament approved next year’s budget in a victory for Prime Minister Pedro Sanchez, who’s forged a legislative majority stable enough to pass three consecutive spending plans. Lawmakers also backed windfall taxes on banks and energy firms.
News
November 23, 2022
Talks between European Union nations on where to set a proposed Group of Seven price cap on Russian oil bogged down Wednesday evening, as governments split over how to design the plan, according to people familiar with the matter.
News
November 18, 2022
Offshore Energies UK, the leading representative body for the UK’s offshore energy industry, expects billions of pounds will be spent to decommission the infrastructure that has kept the UK’s energy flowing for the past 50 years, according to a report published by the group.
