Offshore Europe News

 

Ithaca Energy Wraps Siccar Point Energy Buy

8 hours ago

Ithaca Energy has completed the previously announced acquisition of the UK North Sea focused oil and gas company Siccar Point Energy.The proposed acquisition was first announced in April, when it was said that Ithaca would pay for $1.1 billion plus contingent payments totaling a maximum of $360 million.In a statement on Monday, Ithaca said that it had completed the acquisition 'with all conditions having been met…

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

few minutes ago

Norwegian offshore workers will likely go on strike on Tuesday in an industrial action that will cut oil and gas output as the negotiating parties have not made progress, the union and the lobby representing oil companies said on Monday.'As it stands now…

Norway Greenlights Increased Gas Production at Several Offshore Fields

2 hours ago

Norway's oil ministry on Monday said it had approved adjusted production permits for six offshore fields but that would not change the expected amount of gas Norway would export in 2022.The Nordic country expects to sell some 122 billion cubic meters of gas this year…

Equinor Adds Another Well to Odfjell Drilling's Semi-sub Rig Scope

2 hours ago

Norwegian oil firm Equinor has exercised further work for Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig.The Deepsea Stavanger now has six remaining wells to be drilled which are expected to occupy the rig into Q2 2023. Equinor…

Fire Extinguished at Equinor's Largest Refinery

5 hours ago

A fire that broke out at Equinor's Mongstad oil refinery on Norway's west coast early on Sunday was now extinguished, the company said, affecting the unit producing gasoline.The fire broke out in a part of the refinery that produces gasoline…

Norway Strike Could Cut Gas Output by 13%

8 hours ago

A planned strike [this week] by Norwegian energy sector workers could cut the country's gas output by 292,000 barrels of oil equivalent per day, or 13% of output, employers' group the Norwegian Oil and Gas Association (NOG) said on Sunday.Oil output could be cut by 130…

Aker BP Takes Over Lundin Energy's Oil and Gas Business

Jul 01, 2022

Norwegian oil and gas company Aker BP has taken over Lundin Energy's oil and gas operations, creating the second largest operating oil and gas company on the Norwegian continental shelf.Aker BP said in December 2021 it had agreed to acquire Lundin Energy's oil and gas business…

Vår Energi Buys Into Lime Petroleum's North Sea Blocks, Off Norway

Jul 01, 2022

Oil and gas company Lime Petroleum has signed an agreement with Vår Energi to farm down by 10 per cent, Lime’s 40 per cent interests in licenses PL820 S and PL 820 SB in the North Sea.Lime had on April 14, 2022 signed an agreement to acquire MOL Norge 40 per cent interests in the said licenses…

TGS Buys Prediktor

Jul 01, 2022

Norwegian company TGS has acquired Prediktor AS, a provider of asset management and real-time data management solutions to renewable and energy asset owners.'Established in 1995, the company has carried out thousands of installations on mission…

Longboat Energy Farms Into Two Offshore Exploration Prospects in Norway

Jul 01, 2022

Oil and gas company Longboat Energy has completed the farm-in into two OMV's near-term, gas weighted exploration prospects on the Norwegian Continental Shelf ('NCS') targeting combined gross unrisked mean prospective resources of 223 mmboe of which 45 mmboe net to Longboat)…

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Jun 30, 2022

Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%.'The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results…

Offshore Oil Workers' Strike on Equinor's Platforms Could Shut 4% of Norway's Oil Output

Jun 30, 2022

Some 74 Norwegian offshore oil workers at Equinor's Gudrun, Oseberg South and Oseberg East offshore platforms will go on strike from July 5, the Lederne trade union said on Thursday, likely shutting about 4% of Norway's oil production.The announcement by Lederne…

Vår Energi In Strategic Partnership Deals with Aker Solutions, Havfram, and Saipem

Jun 30, 2022

Norwegian oil and gas company Vår Energi on Thursday signed strategic partnership agreements with Aker Solutions AS, Havfram, and Saipem for SPS/SURF deliveries, in preparation for record high activity level on the Norwegian Continental Shelf (NCS)…

Norway: Lederne Oil Workers Reject Wage Deal

Jun 30, 2022

Members of the Lederne labour union representing Norwegian oil workers have voted against a wage deal negotiated with oil companies, a state-appointed mediator said on Thursday.It was not immediately clear if Lederne's members would go on strike as a result of the vote…

Seajacks to Assist with Hook-up and Commissioning of Dogger Bank Substations

Jun 30, 2022

Offshore installation contractor Seajacks said Wednesday it had signed three new contracts for work on the 3.6GW Dogger Bank wind farm in the UK.Dogger Bank will use one of the Seajacks self-propelled NG2500X class jack-up vessels to accommodate…

Current News

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

Norway Greenlights Increased Gas Production at Several Offshore Fields

Norway Greenlights Increased Gas Production at Several Offshore Fields

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