French oil and gas supermajor TotalEnergies is weighed down by a new research article showing the company for years remained silent on the damage its oil operations would do. TotalEnergies denies this criticism.
Crude prices were otherwise headed for a plateau near the end of the week as coal and gas prices fell, curbing the development that boosted demand for oil in power generation.
Norway's PGS still suffers under the Covid-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than Q3 2020, however, when PGS lost more than a quarter billion dollars.
Norges Bank Investment Management lost on stocks, which make up almost three quarters of its holdings.
Equinor has selected compatriot firm Aker Solutions to perform a series of initial tasks at the Wisting field in the Barents Sea.
Alongside UK firm Viridor, Norway's Aker Carbon Capture is to work on bringing down emissions at five waste-to-energy plants in Britain.
One of the twin gas connection's pipes is declared technically ready to transport gas from Russia to Germany "as soon as possible".
Gas prices increasing tenfold has shifted the balance between coal and gas in the European power grid. The situation is akin to the time when the CO2 quota price was "very low" and will endure at least until winter's end, analysts say.
The chemical group is investing over two billion euros in green hydrogen production across various countries.
Lifting Covid-19 restrictions will likely lead to higher fuel consumption, say analysts at ANZ Bank.
Upstream Director Wael Sawan becomes director of the Integrated Gas, Renewables & Energy Solutions division.
The Norwegian oil and gas outfit books a downward adjustment of 10,000 boepd.
Crude prices continue upward Friday morning, underpinned by signs of reduced supply in the coming months as more consumers switch from gas and coal to oil.
Maersk Drilling has secured a contract extension with TotalEnergies in Angola for the drilling of record-deep oil well Ondjaba-1.
After budget overruns of more than 100 percent, Norwegian oil company Equinor is on the lookout for efficiency improvements at Martin Linge oil field.
A peek behind the curtain reveals that Denmark's "dark green" funds, filled with securities classified as Article 9 under the EU sustainability taxonomy, are full of tech assets, but few companies in such portfolios are actually working promote climate change mitigation, baffling the country's financial supervisory authority.
The rig operator has signed a framework agreement with Ineos and Wintershall Dea on delivery of drilling rigs to the Danish CCS project.
Russian President Vladimir Putin outright denies that the country is using its natural gas supply as a political weapon against European countries.
To make ends meet in its 2022 state budget, Norway decides to withdraw NOK 322.4bn from the oil fund – a smaller sum than in 2020 and 2021.
More investments in sustainable energy such as solar and wind power are needed to meet the world's future energy demand. "There is a looming risk of more turbulence for global energy markets," says head of the International Energy Agency.
The Covid-19 crisis and a weak Norwegian currency rate led to budget overruns of NOK 17 billion in connection with Equinor's new oil fields, according to Norwegian media outlet E24.
The higher oil price could entice US shale oil producers to increase investments in new wells, in turn leading to increased oil exports, writes Gibson.
The Italian energy group pursues a stock listing of its power sales and renewable energy business to finance renewables development.
A majority of 88 percent of lenders have accepted a restructuring deal for ailing rig company Seadrill, controlled by John Fredriksen. The rescue plan must be approved by a court before Oct. 26.
Japan's largest refinery prepares to acquire the domestic solar and wind energy developer for JPY 200bn.
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