Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.The decision to keep investing in new oil and…
Taiwan's state-owned refiner CPC Corp has started cleaning up an offshore oil spill caused by a pipeline that cracked during the discharging of oil from a vessel at its Talin refinery, the company's spokesman said on Wednesday.The oil leak occurred on Tuesday at 2:18 a…
U.S. energy services firm Baker Hughes Co on Tuesday said regulatory frameworks are needed to help spur the growth of energy transition technologies, such as hydrogen, as its top executive called on regulators to create incentives to reduce emissions…
London-listed oil and gas company Harbour Energy said Wednesday it expected the first production from its Tolmount field in the UK North Sea around the end of July.The Tolmount gas field is located in Block 42/28d, in the UK southern North Sea…
Oilfield services firm Petrofac will continue supporting the Kittiwake platform offshore the UK, following the award of a one-year contract extension from the oil company EnQuest.Under the terms of the contract, Petrofac will continue in its capacity as Duty Holder of Kittiwake…
Dutch offshore installation firm Heerema Marine Contractors said Wednesday its heavy lift vessel Sleipnir had broken records on the Johan Sverdrup Phase 2 development project in Norway.'On June 18, Sleipnir successfully installed the 12,050 metric ton Johan Sverdrup processing platform (P2) jacket…
Floating wind technology developer BW Ideol has teamed up with Hitachi ABB Power Grids on developing scalable floating substations for offshore wind.In what has been described as an industry-first collaboration, the duo will work on developing…
Offshore drilling contractor Valaris said Tuesday that it had secured work for one of its jack-up drilling rigs off the coast of Qatar.The company said it was awarded a contract with North Oil Company, which will see the VALARIS JU-110 deployed…
Friede & Goldman Ltd. (F&G), a company known for its offshore oil drilling rig designs, has announced the BargeRack, 'a revolutionary solution to the feeder concept of offshore wind turbine installation.''BargeRack is tapping F&G’s unmatched…
The UK oil and gas regulator on Tuesday issued guidance which it said set out a tougher approach to driving flaring and venting reductions, including the OGA's ability to stop production if flaring and venting is excessive.'Forecasts suggest…
UK's Unite union's Scotland unit on Tuesday said talks to prevent industrial action at Sullom Voe Terminal have ended with no movement on the part of Shetland Islands Council (SIC) to resolve the dispute over a long service award.Unless the Council accepts liability…
Singapore-based oil and gas module construction firm Dyna-Mac has said it has won additional work from existing customers, for a total provisional contract sum of S$8.0 million ($5,94 million). Dyna-Mac said it had secured an add-on work scope for an ongoing project in its yard…
BP will be in the hydrocarbons business for decades to come, Chief Executive Bernard Looney told Reuters on Tuesday, while high oil prices are set to make its asset sales and transition to lower-carbon energy easier.Referring to worries that its green strategy could hit profits…
Offshore installation contractor Jan De Nul has completed the installation of 72 wind turbines at Vattenfall's Kriegers Flak offshore wind farm in Denmark.The Siemens Gamesa turbines, at 8.4MW each, will produce enough green electricity for the annual needs of approximately 600…
The cost of renewable energy sources is undercutting that of new and some existing coal-fired power plants, a report by the International Renewable Energy Agency (IRENA) showed on Tuesday.Due to cheaper renewable energy, up to 800 gigawatts…