North Sea

The Norwegian company completed what it describes as the world’s first logistics operation with a drone to an offshore installation.

Equinor said drones could reinforce safety, boost production efficiency and contribute to lower CO2 emissions from Norwegian oil and gas

Using an underwater remotely operated vehicle, activists on board the Greenpeace ship Esperanza documented a large methane leak in the North Sea caused by a major blowout during an oil drilling operation 30 years ago.

Dugong could become a new North Sea production hub says offshore explorer Neptune Energy upon its latest discovery.

Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key.

The Hydrogen Offshore Production project identifies an alternative to decommissioning by providing reuse options for offshore infrastructure. It aims to prove the feasibility of decentralized hydrogen generation, storage, and distribution to provide a bulk hydrogen solution.

Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high.

An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.

Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024.

Neptune must pay Energean a break-up fee of $5 million for cancelling what was to be a $250 million deal.