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Lundin Gets Nod to Start Up North Sea Field

Sep 02, 2021

Swedish oil and gas firm Lundin Petroleum has received approval from the Norwegian authorities to start up its Solveig field in the North Sea. offshore Norway.Expected to start production this autumn, Solveig will produce from subsea production facilities tied into the Edvard Grieg field…

Australia: New Law to Make Former Oil Field Owners Pay for Decom Works if Needed

Aug 30, 2021

Australia’s parliament last week passed legislation under which the government will be able to make offshore license owners pay for decommissioning and environmental remediation if they sell their offshore blocks and the new owner is then unable to meet its financial obligations…

Digitalization, Remote Monitoring Makes Offshore Drilling Rigs More Vulnerable to Cyber Attacks

Aug 26, 2021

Digitalization and remote monitoring have in the past years been hailed as the next big thing in the offshore oil and gas industry. However, these advancements have made offshore drilling rigs more vulnerable to cyber-attacks, potentially resulting in serious process safety incidents…

Police End Activists' Blockade of Norwegian Oil Ministry

Aug 24, 2021

Scores of Extinction Rebellion activists blocked access to Norway's oil and energy ministry for more than five hours on Monday, before police cleared the demonstration and made arrests.Around 17 campaigners, some with 'Ban oil' written on their palms…

BP, EnBW to Invest Billions if Bid for Scottish Offshore Wind Lease Successful

Jul 19, 2021

British oil major BP and the German renewables firm EnBW submitted their bid for offshore wind acreage in the ScotWind leasing round, looking to secure the rights for a lease area off the east coast of Scotland that could support offshore wind projects with 2…

WTS Energy, Hiber to Roll out Satellite Tech for Oil and Gas Well Monitoring

Jul 09, 2021

Industrial IoT as-a-service company Hiber said Thursday it was partnering with oil and gas services firm WTS Energy, to roll out its well integrity monitoring solution globally. 'As part of a strategic joint venture with WTS Energy, Hiber has developed HiberHilo…

Biden: Sanctions Against Nord Stream 2 Would Harm European Relations

May 26, 2021

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe.Biden, who is preparing…

Strohm to Deliver TCP Jumper for Allseas' Deepsea Mining System

Feb 17, 2021

Offshore installation and construction company Allseas which is working to get into the subsea mining business, has awarded a contract to Strohm to deliver a composite jumper for its in deepsea mining technology.Last year, Allseas announced…

U.S. Energy Secretary Nominee Defends Biden's Green Push

Jan 29, 2021

U.S. President Joe Biden's nominee for energy secretary, Jennifer Granholm, defended his administration's push for a clean energy transition as senators from fossil fuel producing states raised concerns about its impact on jobs at her Senate confirmation hearing on Wednesday…

Top Six European Oil Firms Have Over 28GW of Renewables Capacity in Pipeline

Nov 27, 2020

European international oil companies (IOCs) are leading the way in terms of progressing strategies for renewable power growth, ahead of US players that have not, so far, made the same switch, energy intelligence firm GlobalData said.According to Global Data…

Pandemic, Renewables to Set Oil Demand for Peak in 2028, Rystad Says

Nov 02, 2020

The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway's biggest independent energy consultancy Rystad predicted on Monday.Global demand will likely peak in 2028 at 102 million barrels of oil per day (bpd)…

Canada: Cenovus Energy to Buy Rival Husky Energy in $2.9B Deal

Oct 25, 2020

Cenovus Energy Inc has agreed to buy rival Husky Energy Inc in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada's No. 3 oil and gas producer, as a pandemic-driven collapse in demand forces the industry to consolidate…

Shell, Microsoft in Alliance to Cut Carbon Emissions

Sep 23, 2020

Oil and gas giant Shell, which has been increasingly getting involved in renewables, has said it has partnered up with tech giant Microsoft 'to support progress towards a world with net-zero emissions.'As part of the strategic agreement signed between the two companies…

U.S. BOEM, BSEE Looking at Ways to Boost Gulf of Mexico Oil and Gas Output

Sep 23, 2020

The U.S. government agencies responsible for offshore oil and gas regulations are looking at ways to update policies to promote the growth of oil and gas production in the Gulf of Mexico.Specifically, the Bureau of Ocean Energy Management (BOEM)…

Karoon Energy CEO Steps Down after 16 Years at Helm

Jul 29, 2020

Australian oil and gas company Karoon Energy has said that its founder and CEO Robert Hosking will step down after 16 years at the helm.The company, with oil and gas projects in Australia, Peru, and Brazil, said Wednesday that Hosking had informed…

Current News

Brazil Govt Will Promote Recovery in Shipbuilding, Oil & Gas, President Lula Says

Brazil Govt Will Promote Recovery in Shipbuilding, Oil & Gas, President Lula Says

BP Profit Soars to Record $28B, Dividend Increased

BP Profit Soars to Record $28B, Dividend Increased

EVENT: Reuters U.S. Offshore Wind Returns to Boston

EVENT: Reuters U.S. Offshore Wind Returns to Boston

Dogger Bank: Equinor, SSE Looking to Expand World's Largest Offshore Wind Farm

Dogger Bank: Equinor, SSE Looking to Expand World's Largest Offshore Wind Farm

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