Oil and gas major BP is expanding its footprint offshore Canada by entering the Equinor-operated Bay du Nord project development.

Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that could have hit the country's petroleum output, employers and unions said on Sunday.

Britain's competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at the pump hit unprecedented highs.

Well intervention activities have been carried out at the Bittern field located in the North Sea, boosting its production.

Norwegian oil and gas company Equinor has made a minor oil and gas discovery near its operated Johan Castberg field in the Barents Sea offshore Norway and will consider tying the discovery into this field. This comes only weeks after another oil discovery was made in the area.

Europe’s plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down the energy transition, Chevron Corp Chief Executive Michael Wirth said on Tuesday.

Sweden is banning the extraction of coal, oil and natural gas and tightening rules on the extraction from alum shale. The ban is entering into force on 1 July this year.

As decarbonisation initiatives make inroads in the energy sector, the U.S.-based energy giant, Chevron, has joined forces with JSC National Company (NC) KazMunayGas (KMG), a firm representing Kazakhstan’s interests in the national oil and gas industry, to collaborate on evaluating, investigating, and pursuing lower carbon opportunities in the country.

Offshore drilling contractor Transocean has secured a contract extension in Norway for the harsh environment semi-submersible Transocean Spitsbergen with the firm part of the backlog worth about $181 million.

PGNiG Upstream Norway, a Norwegian subsidiary of Poland’s oil and gas company PGNiG, has been granted consent for exploration drilling in the Norwegian Sea by Norway’s offshore petroleum safety regulator. The activities will be carried out using a rig managed by Odfjell Drilling.