According to the country's energy minister, deliberations on Denmark's eighth oil and gas tender round will require more time. He's been advised by the country's Environmental Economic Council to postpone the decision until the heralded climate action plans, he tells Danish business media Berlingske.
Oil rebounded after the US and China inked the first phase of their trade deal, recouping losses driven by data showing American petroleum supplies rising to a four-month high.
Unlike its neighbor, Norway, Denmark's fossil fuel sector's flaring emissions are on the rise. A worrisome development, says Copenhagen-based NGO Green Transition Denmark, which urges action. "We will never be able to match Norway's level," the Danish oil industry says.
BW Offshore is ready to send subsidiary BW Energy onto the Oslo Stock Exchange during the first quarter of the year. BW valuates the company at up to USD 800 million.
Equinor is the big winner in the latest public tender round for oil exploration licenses on the Norwegian continental shelf.
Major US asset manager Blackrock means to give up investments with "sustainability-related risk" and launch new products to screen fossil fuels, the firm's CEO writes in an annual letter to executives. The firm entered the Climate Action 100+ group last week, joining hundreds of investment managers in pressuring GHG emitters to reduce their climate footprints.
Maersk Drilling has now signed final contracts with Total in Angola and Namibia at a total value exceeding USD 46 million.
The oil company has had to realize that it may have been too optimistic about its assessment of the Alta discovery in the Barents Sea.
The US has tried, fruitlessly, to curb a gas pipeline from Russia to Turkey and Europe. The pipeline is problematic like Nord Stream 2, says a US think tank director. The pipeline also symbolizes increasing Russian-Turkish cooperation in the region.
The US sanctions seem to have had an effect. Russian President Vladimir Putin announced during the weekend that the Nord Stream 2 project will be ready by the end of 2020 at the earliest.
If Siemens hadn't sold equipment to the Australian coal mine project, others would have, the company's CEO argues. He pledges more environmental considerations in the future, however.
The oil and gas supermajor's new energy business will be led by an executive, starting from the spring of this year.
The New York-based major asset manager now adds its hefty influence of USD 7 trillion in AuM to the Climate Action 100+ investor group, putting even more pressure on big greenhouse gas emitters and fossil fuel companies and adding serious investment capital to climate change mitigation projects.
Norwegian oil output slid more than anticipated last year. On the other hand, more new extraction licenses than ever have been issued for the continental shelf, and the industry had a record number of oil fields in operation at the end of the year. The country's petroleum directorate counts on granting new permits this month.
The Norwegian oil company pays USD 188 million to Chinese firm COSL. The two parties have reached an accord on a legal battle lasting years and which began with a tragic event.
China said it will open up oil and gas exploration to private and foreign firms, offering further details of a policy that will help assuage concerns over access to the industry ahead of next week’s signing of an interim trade deal with the US.
On the same day that Wintershall DEA Norge AS presents a dry probe, Norwegian oil companies Aker BP and Neptune Energy are pleased to receive new licenses to drill for underground oil deposits.
Only few peers opt for LNG as either a transitional fuel or a fuel for the next decades. A major shipper like Ikea does not count liquefied natural gas as a fuel for the future. Still, CMA CGM maintains LNG at the core of its marine fuel policy. EnergyWatch's sister media, ShippingWatch, has interviewed the container line.
The French oil company and its US partner, Apache, have struck oil off the coast of Suriname.
Norway's TSO Statnett has granted permission for the fields Troll B, C and Oseberg to undergo electrification – on certain conditions, however. Among other things, Statnett reserves the right to disconnect Equinor from the power supply before any other party in case of problems.
The British oil company divests assets in the North Sea to E&P firm Premier Oil as part of a larger sales plan.
Without compromising commercial viability, the Norwegian continental shelf aims to be the first in the world to implement climate-neutral upstream extraction in 30 years' time, says Equinor, helped along by advantageous national framework conditions.
Drilling firm Borr Drilling has found its new chief financial officer, who will start later in January and comes with 30 years' experience from Schlumberger.
A cement producer partners with, among others, major oil companies Total and Occidental to explore the possibilities for a new CCS technology that could end up helping both crude extractors and concrete makers.
Emissions from Norwegian oil and gas extraction must be reduced by 40 percent by 2030, which will cost NOK 50 billion. Equinor plans to achieve carbon neutrality before 2050 by electrifying its fields.
Technology Manager for Offshore Product Portfolio Management - Siemens Gamesa Renewable Energy
EU chief / EU consultant
Section manager for Wind - Operations & Asset Management
Specialist for green conversion through electricity markets and international cooperation
Strong Analyst for Peaceful Technology and Climate Solutions
Economist for Wind & Energy Trading
Operational specialist with the ability to involve and communicate
