The Nord Stream 2 has requested a permit allowing it to use pipe-laying vessels with anchors to complete the final roughly 120-kilometer stretch of pipeline in Danish waters, Denmark's energy agency (DEA) said on Tuesday.Work on the project…
BP published its benchmark Statistical Review of World Energy for 2019 on Wednesday which showed that renewable power accounted for over 40% of the growth in primary energy.Here are some highlights from the report which can be downloaded here* Primary energy consumption rose by 1…
The oil price crash has transformed the outlook for the region’s E&P sector. Globally, governments and operators have been forced into action to rework investment plans in response to the dual impact of the precipitous fall in both demand and oil prices…
Norwegian engineering company Aker Solutions has said it has developed a modified workover system that enables faster and more cost-effective planned interventions. The concept will first be applied on Equinor’s Visund field in the North Sea…
Malaysia's Petra Energy has secured a contract with Petronas for technical services for Banang offshore field production continuation in Malaysia. The two-year contract takes effect on June 29, 2020.Under the contract, Petra Energy will provide services to operate and maintain the Banang field…
PG Flow Solutions has won a contract to supply pump systems for AKER BP's normally unmanned wellhead platform to be used at the planned Hod field development in the North Sea, offshore Norway.Aker BP last week made the final investment decision for the Hod project…
Norway-based marine seismic data company TGS has started commenced a 2Dcubed seismic data project covering offshore Timor-Leste, in support of the country’s ongoing oil and gas license round, announced in October 2019, following the ratification of a maritime border treaty with Australia…
Danish offshore drilling company Maersk Drilling has joined a consortium whose aim is to develop an offshore storage solution for CO2 captured in Danish onshore facilities.Maersk Drilling said Wednesday it was joining a new CO2 storage consortium…
The UK’s offshore oil and gas industry has committed to cutting operational emissions by half in the next decade through operational improvements, flaring reduction, and powering offshore platforms with electricity.OGUK, a UK industry body representing…
BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion (56-70%) shows the accounting impact of its energy transition strategy.It also highlights the huge variation in how oil companies are viewing…
Norwegian offshore vessel operator DOF has secured long-term charters for a trio of anchor handling units with Petrobras in Brazil.DOF said Tuesday Petrobras had awarded its Skandi Urca and Skandi Fluminense vessels 2+2 year contracts with the start in September 2020…
Norwegian offshore vessel owner Solstad Offshore has secured long-term charters for two of its anchor handling tug and supply vessels in Brazil.Solstad said Tuesday that Petrobras had chartered its AHTS vessels Far Sagaris and Far Statesman for a period of three years…
The Norwegian offshore shipowner Eidesvik has signed a contract with Yxney Maritime for the use of Yxney's Maress energy efficiency software on its vessels, as a step towards further emissions reduction.Maress is a cloud-based system using available…
Gazprom-Wintershall DEA joint venture company Wintershall Noordzee said Monday it had started gas production from D12-B2, the second well drilled in its Sillimanite offshore field.The gas field, found in June 2015, stretches across the UK and…
Fund management firm Copenhagen Infrastructure Partners (CIP) said on Tuesday it had started what it expects to be the world's largest fund for renewable energy infrastructure as it targets investments worth 100 billion crowns ($15.2 billion)…