Royal Dutch Shell has proposed linking its directors' pay more closely to the group's climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes, it said on Monday.

Norway will press ahead with North Sea wind power this year, awarding its first development licenses as it spurs the transition of its oil and gas industry and despite its already plentiful renewables supply.

RWE has committed to building its biggest ever wind farm off the UK coast after making a final investment decision on a £3bn 1.4gW offshore wind farm called Sofia.

Floatel International, a company providing offshore accommodation rigs for the oil and gas industry, said Wednesday it had successfully completed its comprehensive balance sheet restructuring.

British North Sea-focused oil producer EnQuest is "confident" it will secure a refinancing deal needed to buy an additional 10,000 barrels per day of output capacity, it said on Thursday, as it reported a 43% drop in free cash flow in 2020.

INEOS Energy on Thursday announced the sale of its oil and gas business in Norway to Poland's PGNiG for $615 million.  

The UK government said it has reached an agreement with the country’s oil and gas industry that will help safeguard jobs as the nation strives to achieve net-zero emissions of greenhouse gases.

Equinor has awarded Tenaris the supply of tubulars for the Northern Lights CO2 transport and storage facilities in Norway. From its Dalmine mill in Italy, Tenaris will produce 105km 12” Carbon Manganese (C-Mn) seamless line pipe for the milestone project.

Campaigners have pushed ministers to rule out new licences for gas and oil exploration as part of the road to net zero.

Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic.