(Bloomberg) – Oil and gas companies operating on the Norwegian Continental Shelf will spend 247 billion kroner ($24 billion) this year, reflecting growth in investments for exploration and on existing fields. Spending on oil and […]
Utility giant RWE has taken the investment decision to build two offshore wind farms with a total capacity of 1.6 gigawatts (GW) in the German North Sea, Germany’s biggest power producer said on Monday. RWE took the […]
The world would need as much as $215 trillion in cumulative investments to achieve a fully decarbonized global energy system by 2050, research provider BloombergNEF (BNEF) said in a report on Tuesday. This investment would be 19% […]
North Sea oil drilling is set to persist for years beyond Britain‘s net zero deadline, with officials granting approval for 31 new licences for oil and gas exploration. These licences, allocated to fossil fuel companies, […]
(Bloomberg) – Norway will add a new offshore oil and gas development in the North Sea, extending the life of a nearby field that has been in operation for over three decades. Okea ASA will […]
Norway and the UK have united to safeguard critical energy and telecommunications infrastructure in the North Sea, highlighting a shared commitment to security and resilience. Minister of Energy Terje Aasland of Norway underscores the partnership’s […]
Britain and other major European countries with maritime borders on the North Sea on Tuesday (9 April) signed an agreement to work together to protect underwater infrastructure, including from possible Russian attacks. The six […]
EuropeOffshore Petrofac Offshore engineering specialist Petrofac has won a contract extension in the Southern North Sea with ONEgas West, a joint venture between Nederlandse Aardolie Maatschappij (NAM) and Shell. The two-year brownfield engineering, procurement, and […]
The UK’s oil and gas regulator is laying out stricter guidelines for producers to reduce emissions or risk losing out on regulatory approvals. An updated emissions plan “makes it clear that for production to continue […]
Climate activists in four countries are blocking access to North Sea oil infrastructure as part of a coordinated pan-European civil disobedience protest. Blockades have been taking place at oil and gas terminals, refineries and ports […]
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