Offshore wind ‘will prove critical for Europe to hit its 2050 targets’

Politicians from across the continent have stated a new European offshore wind framework is needed to help overcome the barriers presented during the deployment of joint and hybrid projects between countries

Danish port lands billion kroner cash injection for offshore wind development

The new port facilities at the Port of Esbjerg will help reduce the costs of transportation between production and installation sites

Consortium of energy giants to build ‘world’s first carbon capture and storage network’

The first phase of the project will see the capture of 1.5 million tonnes of CO2 per year and its permanent storage 2,500 metres below the seabed in the North Sea

Norco to help maintain backup power for North Sea’s energy industry

The firm has been put in charge of maintenance, inspection and survey of the battery technology in a bid to extend the service life of storage assets.

BP to sell North Sea assets to Premier Oil in £475m deal

It is the latest step in BP’s planned programme of £7.6bn of divestments by the end of 2020

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