Norges Bank Investment Management (NBIM), an entity running Norway's $1.3 trillion sovereign wealth fund - popularly known as the oil fund - has agreed to acquire 50 percent in the Borssele 1 & 2 offshore wind farm in the Netherlands from the Danish offshore wind developer Ørsted in what is the fund's first unlisted renewable energy infrastructure investment.

Floatel International, a company providing offshore accommodation rigs for the oil and gas industry, said Wednesday it had successfully completed its comprehensive balance sheet restructuring.

The UK government said it has reached an agreement with the country’s oil and gas industry that will help safeguard jobs as the nation strives to achieve net-zero emissions of greenhouse gases.

Equinor has awarded Tenaris the supply of tubulars for the Northern Lights CO2 transport and storage facilities in Norway. From its Dalmine mill in Italy, Tenaris will produce 105km 12” Carbon Manganese (C-Mn) seamless line pipe for the milestone project.

BP has announced that it plans to create the UK's largest 'blue' hydrogen production facility in the Tees Valley.