North Sea ‘could play leading role in decarbonisation’

That’s according to a new report from PwC and Oil & Gas UK, which suggests technologies such as Carbon Capture, Utilisation and Storage technology and renewable hydrogen production could be widely deployed in the region

Equinor strikes up to 100m barrels of oil and gas in Norway

The discovery has been made at the Echino South prospect near the Fram field

Giant Johan Sverdrup oilfield in Norway starts production

The field has expected recoverable reserves of 2.7bn barrels of oil equivalent

Macquarie cleared by EU to buy German offshore wind developer

Ocean Breeze Energy owns and operates the BARD Offshore 1 wind farm, believed to be Germany’s ‘most productive’ project of its kind

Equinor announces early start-up of giant oilfield

The Norwegian energy giant has also launched a share buyback of up to $5 billion

Researchers to use AI to unlock oil and gas big data ‘treasure trove’

They say the oil and gas industry produces 2.5 quintillion bytes of data every day but only 1% of this is analysed, which they believe is a ‘missed opportunity’

Oil and gas: Plans unveiled for new £50m Net Zero Solution Centre

It has received backing from major companies including BP, Equinor, Shell, Siemens, Total and Wood

New tool aims to help improve recovery from North Sea oil and gas fields

Current data shows there are more than two billion barrels of oil equivalent in near-field opportunities that could potentially be unlocked

First oil flows from giant $7.7bn UK North Sea development

The Mariner field is estimated to produce more than 300 million barrels of oil over the next 30 years

Scotland launches £4m oil and gas decommissioning fund

Industry reports suggest £15.3bn is forecast to be spent on the UK Continental Shelf until 2027