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.
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.
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.
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.
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).
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.
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.
Equinor announced that the Norwegian Prime Minister, Erna Solberg, will be the one performing the opening ceremony of the Johan Sverdrup field centre on January 7, along with the Minister of Petroleum and Energy, Sylvi Listhaug, who will also attend the opening.
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