EQUINOR

Oil futures continued trading near two-week highs after a surge triggered by escalating ship attacks in the Red Sea, prompting major shipping companies to divert routes and heightening concerns over global oil supply.

When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment.

Billions of dollars' worth of factories, energy holdings and power plants were written off or put up for sale, accompanied by fierce condemnation of the war and expressions of solidarity with Ukraine.

The Norwegian state raked in record oil and gas revenues last year after the war in Ukraine sent energy prices soaring, official figures showed yesterday.

Norway earned 1.5 trillion kroner ($140 billion) in revenues from oil and gas, according to estimates by Statistics Norway (SSB).

Athens-listed construction group Ellaktor is very close to finalizing an agreement with one of the largest pan-European energy groups.

And officially TotalEnergies announced its withdrawal from the hydrocarbon investigations in the two maritime concessions of Crete it had leased three years ago as head of the joint venture with ExxonMobil and Hellenic Petroleum.

New seismic surveys are coming to offshore blocks that have been granted by the Greek state to oil companies to locate possible natural gas deposits.

Valeura plans to resume drilling in 2022 with a new partner in Turkey's gas-rich Thrace Basin, Sean Guest, the CEO of Canadian energy company Valeura, the operator and main partner in the unconventional gas accumulation play, revealed.

Greenpeace activists on April 29 climbed aboard a Seadrill drilling rig commissioned by Equinor in protest against oil and gas drilling in the Norwegian Arctic, the group told Reuters.

Norway's energy giant Equinor sees good potential for building floating offshore wind parks in Greece as long as the country adopts a regulatory framework for the technology.
Equinor, one of the world's largest oil and gas producers, operates Hywind park in Scotland, the world's first floating offshore wind park, and is struggling to find new renewables projects to invest in.

Discovered resources globally of conventional oil and natural gas surpassed 4.5 billion barrels of oil equivalent in the first half of 2018, making for an exciting recovery with Guyana leading the way, according to analysis by Rystad Energy. Average monthly discovered volumes are 826 million barrels of oil equivalent. This is a 30% increase from 2017.