Norwegian transportation services providers Lovund Skyss and Sjøtind have both entered into agreements with energy company Gen2 Energy to develop solutions that will enable the use of hydrogen as a fuel for their ferries operating in Nordland, an area of Norway where ferry connections are an important part of the infrastructure.

Russia widened its gas cuts to Europe on Tuesday with energy giant Gazprom turning off supplies to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels.

The European Union leaders have decided to ban almost 90 per cent of Russian oil imports by the end of the year following an agreement on the sixth round of sanctions against Russia due to its invasion of Ukraine.

Norwegian offshore petroleum safety regulator has granted Neptune Energy consent for exploration drilling in the North Sea off Norway, using the Deepsea Yantai rig.

UK Oil & Gas (UKOG) is working on the Portland Energy-Hub concept centered around hydrogen-ready gas storage and a future green hydrogen generation capability.

Oil major Shell and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia.

UK’s regulator North Sea Transition Authority (NSTA) has revealed a new report, which highlights a positive outlook for the supply chain, showing that at least £5 billion (around $6.3 billion) of work is imminent and currently in the works.

Amid ever-increasing calls to phase out fossil fuels and pivot toward clean energy sources, oil and gas exploration activities remained resilient in 2021 undeterred by the accelerating energy transition, reveals Westwood Global Energy, an energy market research and consultancy firm, in its latest report.

Norwegian state-owned energy giant Equinor has checked all the required items on the list to exit its joint ventures and projects in Russia as a result of the country’s attack on Ukraine.

The transition to renewable energy is not without its challenges, but today’s markets are increasingly shifting in response to it. Understanding the massive swings in energy supply and demand taking place will enable oil and gas traders to confidently plan for the years ahead, especially as capital allocations shift in response to market signals.