News

  • Equinor and Wellesley agree to NCS development asset swap

    Equinor Energy AS and Wellesley Petroleum AS have agreed to a swap of certain development assets on the Norwegian Continental Shelf, Wellesley said in a statement on the 26th July.   The signed sale and purchase agreement sees Equinor acquire a 40% participating interest in…

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  • Quartet to study green hydrogen production offshore Germany

    RWE, Shell, Gasunie, and Equinor have signed a declaration of intent to further intensify their collaboration on the first large-scale offshore hydrogen park in the German North Sea.   The AquaSector project aims to demonstrate that in Germany offshore-based hydrogen production enables an efficient, cost-effective,…

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  • Cost of Hydrogen Gas Leaks Worth Taking into Consideration

    As companies around the world identify ways to combat climate change and mitigate their environmental impact, hydrogen is becoming a staple in many industrial and commercial industries. The use of hydrogen in the production of fuels and other industries has more than tripled since 1975,…

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  • France Resists EU Carbon Market Plan

    France is pushing back against the European Union’s proposal to launch a new carbon market for heating and road transport, a move which worries some other EU nations and which is quickly becoming the most controversial part of a new climate plan.   Days after…

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  • China Buys “nearly Half” of Iraq’s oil

    An advisor to Iraqi Prime Minister Mustafa al-Kadhimi has said that nearly half of the country’s oil exports go to China, making China the number one market for Iraqi oil.   Speaking on the 22nd July, Mazhar Muhammad Salih said that China accounts for about…

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  • EnQuest’s decom plan for Heather topsides gets green light

    UK oil and gas company EnQuest has received approval from the UK authorities for its decommissioning programme for the Heather platform topsides, located in the UK North Sea.   EnQuest filed its decommissioning programme for the Heather Alpha platform topsides to the country’s authorities in…

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