Oil fell below $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week.The Organization of the Petroleum Exporting Countries (OPEC) and allies…
Offshore drilling contractor COSL Drilling Europe has secured a long-term drilling contract with Ithaca Energy for well operations on the Abigail well and the Captain phase II development in the central North Sea, offshore the UK.COSL Drilling…
Engineering firm Wood has won a new operations and maintenance contract with Shell UK (SNS) and Nederlandse Aardolie Maatschappij (NAM) on assets located in the UK and Netherlands sectors of the Southern North Sea basin.The three-year contract…
Oil and gas company Neptune Energy has started drilling on the Dugong Tail exploration well in the Norwegian sector of the North Sea.Neptune Energy is using the Deepsea Yantai semi-submersible rig for the operation. The same rig was used for the Dugong well last year…
Oilfield services company Archer has appointed Jan Erik Klepsland as director. He will replace Kristian Melhuus, who has resigned resign as director of the Archer board. 'The board would like to thank Mr. Melhuus for his substantial contribution to Archer over the past years…
Dutch marine and offshore services company Van Oord has ordered a new offshore wind turbine installation vessel that will be able to install next-generation wind turbines of up to 20MW. The vessel will be built by Yantai CIMC Raffles Shipyard in China…
Offshore installation giant Subsea 7 has informed that the merger between its offshore wind subsidiary Seaway 7 and offshore and heavy lift vessel owner OHT has been completed.Subsequent to the combination, first proposed in July 2021, OHT ASA will be re-named Seaway 7 ASA…
Hurricane Ida's extensive and unexpectedly lingering disruption to output in the Gulf of Mexico has been the single most important factor contributing to the surge in oil prices over the last month.Damage to offshore installations has cut cumulative…
Swedish oil company Lundin Energy has started production from the Solveig oil field in the North Sea, offshore Norway.First oil from the field, developed as a subsea tie-back to the Edvard Grieg platform was achieved Thursday, The Solveig field…
INEOS Energy has completed the $615 million sale of its oil and gas business in Norway to Poland's PGNiG.The deal, first announced in March 2021, includes all INEOS Oil & Gas interests in production, licenses, fields, facilities, and pipelines…
The U.S. Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale for the Gulf of Mexico on November 17, complying with a U.S. District Court order.To remind, the Biden administration had paused all oil and gas leasing activities on federal lands and waters in January…
UK-based offshore wind vessel operator North Star Renewables has ordered two hybrid-powered daughter craft from Great Yarmouth based-marine and engineering specialist Alicat.Once built, the vessels are destined for the Dogger Bank wind farm…
Oil and gas company Rockhopper Exploration on Thursday affirmed its intention to press ahead with the development of the Sea Lion offshore oil field in the Falkland Islands, a week after its partner decided to pull out.Rockhopper Exploration…
The Australian government on Thursday committed to provide A$250 million ($180 million) in grants to support the development of carbon capture, use, and storage (CCUS) projects, part of a broader technology push to help cut carbon emissions…
Norwegian oil firm Aker BP has awarded a three-year charter for Møkster's platform supply vessel with battery hybridization.The Norwegian shipowner has a hybridization program on-going for three vessels and one of these vessels, the Stril Polar…
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