Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters.But on Thursday Royal Dutch Shell…
Windfall revenues from high European gas prices mean Russia's Gazprom will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to speed up the process, two sources said.Pumping gas without the German approval would only incur a modest fine…
Oslo-listed firm Carbon Transition said Friday it had entered into a new multi-client seismic data licensing contract with an undisclosed customer.'Under the contract, the customer will license certain data from Carbon Transition’s Utsira multi…
Oslo-listed ocean bottom node seismic specialist Magseis Fairfield said Friday it had won a 4D Ocean Bottom Node (OBN) survey contract in the Gulf of Mexico from a repeat customer. It did not say who the client was.The survey will be conducted with Magseis Fairfield’s ZXPLR technology…
3i Infrastructure has agreed to acquire AMP Capital's stake in the Danish offshore vessel owner ESVAGT.The deal will result in 3i Infrastructure owning a 100% of the equity in ESVAGT. 'This further investment is expected to be £268 million.…
Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration license in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorized exploration in its jurisdiction.For decades…
Some 300 UK North Sea workers working for Ponticelli UK and Semco Maritime, serving TotalEnergies' UK North Sea platforms, will take industrial action starting Monday, December 6, following a dispute over cuts to terms & conditions, workers' union Unite said…
Classification society DNV has completed a concept verification and technical & commercial assessment of GustoMSC’s floating offshore wind turbine foundation Tri-Floater, confirming the technical feasibility and compliance with the relevant design standards…
Norwegian oil firm Vår Energi's CEO Torger Rød has been appointed a new board member of the Norwegian Oil and Gas Association (NOROG).Norwegian Oil and Gas Association is an employer and interest organization for companies that operate or are suppliers to oil and gas activities…
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has partnered up with Scotland-based floating wind specialist Flotation Energy to jointly evaluate offshore wind development opportunities in Japan. The agreement builds on the 2GW portfolio…
A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell from starting seismic surveys to explore for petroleum systems off the eastern seaboard's popular Wild Coast…
Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant dents demand, but prices were still on course for the sixth week of declines.Brent crude futures rose $1…
Norwegian marine seismic data acquisition company PGS said Friday it was scheduled to start a significant 4D acquisition survey for Petrobras over the Roncador and Albacora Leste fields offshore Brazil in Q2 2022. The acquisition is expected to complete in Q3 2022…
Global Energy Group (“GEG”), the Scottish-based energy services company has agreed on terms with offshore wind tower manufacturing specialist, Haizea Wind Group (“Haizea”), to build a £110m-plus (~$146 million) offshore wind tubular rolling facility at Port of Nigg…
French oil major TotalEnergies said Friday it had started production from the CLOV Phase 2 in Angola, a project connected to the existing CLOV FPSO.Sitting approximately 140 kilometers from the Angolan coast, in water depths from 1,100 to 1…
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