During March and April, oil prices plunged to their lowest in a generation, However, Norwegian energy giant Equinor ASA was pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast.
In light of UN’s World Ocean Day, Equinor announced its ambitons for reducing its own emissions from ships and explained how the company will contribute to the industry’s decarbonization.
The oil major players, Equinor, Shell and Total recently shake their hands and agreed to invest in Norway’s first exploitation licence for CO₂ storage, called as “Northern Lights project”.
Norway’s Petroleum Safety Authority (PSA) has decided to investigate a lifting incident involving a personal injury on Equinor’s Oseberg B facility in the North Sea, on 16 April 2020.
Although the COVID-19 has already disrupted the shipping industry in several ways, the offshore sector is also feeling the impact of the pandemic, as many offshore companies are experiencing lower prices or COVID-19 cases.
Equinor confirmed of one person at the Martin Linge field in the North Sea that has been positively tested for COVID-19, adding that the person is not seriously ill and has been isolated in his cabin since March 9.
Norwegian oil and gas company Equinor has informed the Australian authorities of its decision to discontinue its exploration drilling plan (Stromlo-1) in the Ceduna sub-basin, offshore South Australia, after identifying the project’s potential as not commercially competitive.
Norwegian oil major Equinor launched a new climate roadmap to ensure a competitive business model in the energy transition, in line with Paris Agreement. Among others, the company aims to reduce the net carbon intensity of energy produced by at least 50% by 2050.
Equinor inked an agreement with Eidesvik Offshore concerning the modification of the Viking Energy supply vessel which will be fuelled by carbon-free ammonia and will transport supplies to installations on the Norwegian continental shelf (NCS).
According to a recent statement, the Wilderness Society South Australia has commenced legal proceedings in the Federal Court of Australia with the aim to challenge the environmental approval to the Norwegian fossil fuel company Equinor, to commence oil drilling in the Great Australian Bight Marine Park, as granted by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).
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