Shares in Norwegian oil company Okea rose 4.7% at the opening of trading on the Oslo bourse on Wednesday, a day after the Norwegian government proposed changes to the petroleum tax system.The coalition led by Prime Minister Erna Solberg proposed…
Aker BP is set to lower the size estimate of the 2019-made Liatårnet discovery in the Norwegian part of the North Sea, after the related appraisal well hit lower than expected hydrocarbon volumes.The company said that pending further analysis…
Danish offshore vessel owner Esvagt is looking to recruit around 50 seafarers on the back of recently awarded contracts with energy giant TotalEnergies.'New long-term contracts with TotalEnergies on seven vessels for operations in the North…
Dutch offshore installation firm Van Oord has secured a contract to install offshore wind turbines at Italy's first offshore wind farm.The company's offshore installation vessel MPI Resolution has this week set sail to Italy where it will install the monopiles…
Africa-focused oil and gas company VAALCO Energy said Wednesday that its partners in the Etame field offshore Gabon had approved the plan to charter an FSO to replace the FPSO currently deployed at the Etame field.VAALCO, which first announced the FSO charter plans on August 26…
The Biden administration announced plans on Tuesday to open millions of acres for oil and gas exploration as the White House sought to comply with a court order requiring it to resume lease auctions.The move, which includes some 80 million…
Jersey Oil & Gas, a UK-based company that is working to build its Greater Buchan Area oil production hub project in the UK North Sea said Tuesday it would delay the first oil date to allow for regional electrification studies to be completed…
Indonesian oil and gas regulator SKK Migas has approved the Plan of Development (POD) for the Ubadari gas field and Vorwata Carbon Capture Utilization and Storage (CCUS) project, as the next stage of development at the Tangguh LNG project in Papua Barat…
Maritime and offshore safety equipment maker VIKING Life-saving Equipment has launched a self-contained evacuation kit for offshore wind turbine service technicians. The company said the kit is easily accessible and stored in the wind turbine tower…
Shallow water drilling contractor Borr Drilling said Tuesday it had recently secured awards for two offshore rigs in West Africa.'In late August 2021, the company entered into two LOA/LOIs which have previously not been announced for two rigs…
Norwegian firm Aker Solutions has awarded MAN Energy Solutions the contract to supply subsea compressor units for Chevron's Jansz-Io Compression (J-IC) Project offshore Western Australia.The Jansz-Io field was first discovered in April 2000 and is a part of the Gorgon project…
Ocean bottom seismic (OBS) specialist Magseis Fairfield said Tuesday that Stig Hognestad, currently CEO of IKM Acona, would succeed Mark Ivin as CFO on December 1, 2021.Carel Hooijkaas, CEO of Magseis Fairfield said: 'Over the last two years…
Oilfield services firm Expro has completed an integrated Plug and Abandonment (P&A) contract for Petronas in Mauritania.The well intervention scope of the P&A project used Expro’s integrated Open Water Intervention Riser System (OWIRS) for intervention…
Heerema Marine Contractors' giant semi-submersible crane vessel Sleipnir has lifted and installed the first new topside for TotalEnergies' Tyra redevelopment in the Danish North Sea.Noreco, TotalEnergies' partner in the project, shared the photos of the installation via social media on Tuesday…
Oil major Shell has acquired a share in the Transkei & Algoa blocks offshore South Africa from Impact Oil & Gas.Following completion of the transaction, first agreed on in November 2020, Shell is now the operator of the block with a 50% stake and Impact Oil & Gas owns the remaining 50%…