News

New oil discovery close to Barents Sea Johan Castberg field

Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg field in the Barents Sea. The well was drilled five kilometres south-southeast of discovery well 7220/8-1, which is in the Johan Castberg field, and 210 kilometres northwest of Hammerfest. Equinor is the operator of production licence (PL) …

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Abu Dhabi’s ADNOC and Masdar to join bp’s UK hydrogen projects

bp has taken a major step forward in strengthening its strategic partnership with ADNOC and Masdar of Abu Dhabi, bringing international participation to its planned blue and green hydrogen developments in Teesside in the north-east of England. ADNOC – the UAE’s largest energy company – will take a 25% stake in the design stage of …

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Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil

Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine™ 0.1 Co-processed marine fuel in Scandinavia – a solution helping the maritime sector to reduce the greenhouse gas (GHG) emissions. The ISCC PLUS certified marine fuel enables up to 80% GHG emission reduction over the lifecycle compared to fossil fuels without …

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bp bids for offshore wind in the Netherlands

bp has submitted bids for two offshore wind leases in the Netherlands that together have the potential for generating capacity of 1.4GW. The bids underpin extensive and transformational plans for a series of further integrated clean energy investments by bp in the Netherlands, applying the breadth of its businesses and experience to support the decarbonisation …

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Neptune Energy to spend $1 billion to support UK energy security

Neptune Energy announced today it will spend more than $1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero. Neptune currently operates around 11% of the UK’s gas supply from fields in the UK’s Southern North Sea and the Norwegian North Sea. It is one …

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bp and Clean Planet Energy reach agreement to help advance the circular plastics economy

bp has signed a ten-year offtake agreement with Clean Planet Energy, a UK-based company that is developing facilities to convert hard-to-recycle waste plastics into circular petrochemical feedstocks and also into ultra-low sulphur diesel (ULSD). Clean Planet Energy designs and builds facilities — which they refer to as ecoPlants — that are expected to process plastics …

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NextGeo selected PanGeo SBI for further survey on Hollandse Kust West Beta (HKWb) routes for TenneT TSO

Marine geoscience and offshore construction support service provider NextGeo has been carrying out various works as part of its contract with TenneT TSO B.V. for UXO survey services in support of the vast offshore wind energy programme promoted by the Dutch Government in the Dutch sector of the North Sea. Following the completion of a …

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