Equinor reports £9.4bn in annual profits

Equinor’s fourth quarter profits exceeded expectations, driven by a reduction in operating costs

Norway to trial ‘world first’ star-shaped seabed power system

The technology is expected to offer flexibility, reduced cable lengths and potential 10% cost savings on a 1GW project

Plummeting power prices hit Statkraft profits

Statkraft has reported solid financial results in third quarter of the year, despite a substantial decline in power prices

Electric drones soar above North Sea oil rigs

Skyports Drone Services and Equinor have joined forces for a two-month trial of electric drone deliveries to oil installations in the North Sea

Octopus’ offshore wind tentacles reach Norway, Sweden and South Korea

As part of its ambitious plan to generate 10GW of offshore wind energy by 2032, Octopus Energy has invested in developer Deep Wind Offshore

Tech boosts unmanned gas platforms in Norway

MAN Energy Solutions receives orders for seven compressor systems to power Aker BP’s unmanned gas production platforms

Iberdrola signs €500m green loan for UK offshore wind farm

East Anglia Three will be the second largest offshore wind farm in the world and supply enough energy for 1.3m homes

Ofgem seeks views on UK-Norway interconnector

Ofgem has launched a consultation on the review of the 1.4GW North Sea Link, including proposed adjustments to cap and floor levels

Eni to acquire Neptune Energy for nearly $5bn

The acquisition includes Neptune’s gas-oriented assets and operations in Western Europe, North Africa, Indonesia, and Australia

UK and Norway forge partnership to counter undersea threats

The UK and Norway will work together to protect critical energy infrastructure