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Equinor, BP partner on US offshore wind

Norwegian energy company Equinor has entered into an agreement with oil major BP, creating a strategic partnership in offshore wind in the US covering both current and potential future projects.

Oil trading profits increase for energy majors

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.

Offshore sector faces the impact of COVID-19

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 eyes at least 50% drop of net carbon intensity by 2050

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. 

Legal action taken against plans to drill the Great Australian Bight

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).

Watch: Highlights of Peregrino C installations

Equinor, the company operating the Peregrino field, published a video with highlights during the installation of the platform’s two largest modules – the main support frame and the living quarters.

Oil and gas discoveries achieve four-year high during 2019

The world’s oil and gas explorers discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of over 100 million boe, with offshore regions leading the list of new oil and gas deposits.