As part of their ongoing efforts, companies will continue to look for ways to standardize and simplify offshore wind and electrification of oil and gas installations. All Equinor and Aibel activities are focused on raising awareness of climate change in the fabrication phase and supply chain and reducing emissions. A long-term objective for both companies is to expand the activity in North Norway.
Mohsen Khojasteh-Mehr, Managing Director of the National Iranian Oil Company (NIOC), stressed a strong commitment to promoting energy cooperation between his country and Russia.
ExxonMobil and Indonesia's state-owned energy company Pertamina have signed a joint study agreement to assess the potential for large-scale implementation of lower-emission technologies, such as carbon capture and storage and hydrogen production.
In its 16th voluntary sustainability report “Eni for 2021 - A just transition”, Eni outlined its pivotal role in supporting Egyptian local and youth entrepreneurship, in addition to promoting education and professional training in Egypt as well as Angola, Iraq, Mexico, and Mozambique.
In the Netherlands, bp has submitted bids for two offshore wind leases that together have a capacity of 1.4GW.
The Q1 2022 report from bp also indicated a replacement cost profit of $6.2 billion, up from $4.1 billion in the previous quarter. This was due to excellent oil and gas trading, greater oil realizations, and a superior refining result, partially offset by the absence of Rosneft from the underlying result in the first quarter.
Ukraine's gas pipeline operator reported on Wednesday that no Russian gas transit nominations were received at the Sokhranovka entry point for May 11, following Kyiv's warning that this route could be shut down.
Over the next five years, Neptune Energy plans to spend over $1 billion on securing UK energy supplies and accelerating the transition to net zero.
With a market value of $2.464 trillion, Saudi Aramco briefly topped the list of most valuable companies on Tuesday, surpassing US technology giant Apple Inc.'s $2.461 trillion value.
An agreement between Equinor and Sval Energi has been reached for the sale of Equinor's non-operated interest in the Greater Ekofisk Area and a minority share in Martin Linge (19%).
