Even though Norway saw a significant increase in gas production in May 2022 compared to the figures from the same period last year, this is only a small boost in regards to the Norwegian Petroleum Directorate’s predictions. On the other hand, the oil output dropped below predictions for the third month in a row, continuing its downward trend.
Norway-headquartered drone systems and services provider Nordic Unmanned has revealed that its compatriot state-owned energy giant, Equinor, is on the brink of becoming the first operator to carry out offshore logistics operations using drones.
Oil and gas exploration company Eco (Atlantic) Oil & Gas and its partners are planning to spud an exploration well offshore South Africa in the third quarter of this year, using an Island Drilling-owned semi-submersible rig.
German Chancellor Olaf Scholz said he was confident liquefied natural gas (LNG) could start flowing into the country via the Baltic Sea port of Lubmin within a matter of months, as Germany rushes to phase out Russian energy imports.
The EuroAsia Interconnector electricity link, connecting Israel, Cyprus and Greece, will help reduce the European Union’s energy dependence on Russia, according to European Commission president Ursula von der Leyen.
Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia, energy intelligence group Rystad Energy has revealed.
In pursuit of its strategy to go beyond net-zero, oil and gas company Neptune Energy has teamed up with several firms – ExxonMobil, Rosewood and EBN – to pool resources for the development of a carbon capture and storage (CCS) project in the Dutch sector of the North Sea.
AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has been forced to halt production from its field in the Timor Sea offshore Australia in preparation for repairs following an oil leak.
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