WorldOil Aquaterra Energy, Lhyfe and Borr Drilling join on offshore green hydrogen jack-up rig production concept Aquaterra Energy has signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea. Equinor ramps up Norwegian exports to help meet European gas demand Equinor and its partners have received permission to increase gas exports from two fields on the Norwegian continental shelf to supply the tight European market. Norway elects pro-oil, Labor-led coalition in advance of COP26 climate talks Norway’s opposition Labor Party is on course to oust the Conservative-led government after two consecutive terms in an election dominated by disputes over the Nordic economy’s dependence on fossil fuel. Neptune Energy, Harbour Energy consider merger valued near $10 billion Neptune Energy Group Ltd., the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create one of Europe’s largest independent oil and gas companies, people familiar with the matter said. Norway proposes stricter oil tax rules in advance of elections The depreciation and uplift rules in the special tax for petroleum will be replaced by immediate expense recognition of investments, or cash flow tax, from 2022, Finance Minister Jan Tore Sanner told reporters in a snap press conference in Oslo. Norway’s Aker BP turns its back on new Barents Sea exploration Norway, Western Europe’s biggest oil producer, has more than 50% of its recoverable resources still in the ground, according to the Norwegian Petroleum Directorate. The Barents Sea probably holds most of that, yet there’s only one oil field and one gas field currently producing. Equinor brings Troll phase 3 online, extending project’s life beyond 2050 Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap, are estimated at as much as 347 billion cubic meters of gas. Converted into oil equivalent this amounts to 2.2 billion barrels. Bourbon Subsea Services installs TetraSpar floating wind turbine offshore Norway After mooring lines installation in June, towing and hook up in July, Bourbon Subsea Services completed the offshore installation of the 3,6 MW TetraSpar Demonstrator Floating Wind Turbine at Metcentre Test site in Norway, by laying and connecting the power cable earlier this week. The wind turbine will be commissioned in the coming weeks. Neptune Energy commences production on Duva development Operator Neptune Energy and its partners Idemitsu Petroleum Norge, PGNiG Upstream Norway and Sval Energi today announced the safe and successful start-up of production from the Duva development in the Norwegian sector of the North Sea. TotalEnergies eyes stake in world’s largest offshore wind farm TotalEnergies SE is weighing taking a stake in what will be the world’s largest offshore wind farm, according to people familiar with the matter, as the French oil major continues to flex its green credentials.