Latest news

Norway’s oil, gas exploration falls in 2020

The Norwegian petroleum directorate (NPD) said today a lack of new discoveries offshore Norway could rapidly reduce oil and gas production after 2030, as the number of exploration wells drilled this year is set to halve from 2019.

read more... 28/10/2020


PGNiG to buy Danish offshore gas from Ørsted

Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.

read more... 22/10/2020


Norway strike likely to shut down 8% of oil, gas output from Oct 5

Norway's oil and gas production risks being cut by about 8%, or 330,000 b/d of oil equivalent, from the morning of Oct. 5 due to a strike over pay by an offshore managers' union, industry group Norwegian Oil & Gas said Oct. 2.

read more... 05/10/2020


Power sharing plan could see UK and Netherlands 'go Dutch' with North Sea offshore wind

Interconnecting infrastructure to be examined as nations seek to maximise green energy use

read more... 23/09/2020


The Electrification Of UK Offshore Oil & Gas

The British government has set a goal to reach net zero emissions by 2050. Electrification of oil and gas platforms on the UK continental shelf (UKCS) should play an important role in efforts to achieve this target, as a Rystad Energy analysis shows that UK oil and gas production will remain significant for decades to come. After a small decline over the next several years, output forecast to rebound to approximately 2 million barrels of oil equivalent per day by around 2035. UK emissions from oil and gas production in the North Sea are the highest among the region’s producers, reaching 13.1 million tonnes of CO2 in 2019, according to Rystad Energy emission data. Extraction emissions account for 10.1 million tonnes of CO2, with flaring making up the rest.

read more... 21/09/2020