Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring…
Norway's energy ministry said on Friday it has received applications from 21 oil and gas companies seeking exploration acreage in the government's annual mature-areas (APA) licensing round.The number of companies rose by one from last year's APA round…
Odfjell Drilling has received a letter of award from Vår Energi for a three-year drilling campaign with the Deepsea Bergen rig starting in early 2028, with the firm backlog valued at about $518 million.The work will begin after completion of…
DNV, the independent energy expert and assurance provider, has quantified how standardizing turbine designs and securing predictable project pipelines could reduce the average lifetime cost of electricity from North Sea offshore wind by up to 28% by 2050 in a high-volume scenario…
Larsen & Toubro Energy Hydrocarbon Offshore (LTEH Offshore) has secured an offshore Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) contract from India's Oil & Natural Gas Corporation (ONGC) for the Additional…
Belgian marine contractor Jan De Nul will install rock protection for a North Sea CO2 pipeline as a subcontractor to Saipem, marking its first involvement in a carbon capture and storage project.The work forms part of the Northern Endurance Partnership's CO2 transportation and storage network…
TotalEnergies Gas & Power has entered into a long-term power purchase agreement (PPA) for green electricity from Walney I and II, a combined offshore wind farm with a total installed capacity of 367 MW in the Irish Sea.TotalEnergies signed the PPA with Offshore Partners Walney (OPW)…
SLB has been selected as strategic reservoir partner for the Havstjerne carbon storage project in the Norwegian North Sea, providing technology and engineering services during the concept and front-end engineering and design (FEED) phases.The project…
Kongsberg Maritime has secured a contract to deliver a fully integrated suite of technology and equipment for a new multi-purpose deepwater installation and construction vessel that will be owned and operated by Solstad Offshore and SBM Offshore…
British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday.Shell had given…
Norway's government will on Monday ask the country's supreme court to overturn a ruling by lower-court judges that found three oilfield development permits invalid due to a lack of climate considerations.The case pits environmental groups against Norway's oil industry…
Equinor has signed an agreement with Poland’s ORLEN for the sale of crude oil from the Johan Sverdrup field on the Norwegian continental shelf. The agreement will run for three years from the beginning of September.Annual supplies under the…
A new liquid carbon dioxide (LCO2) transfer solution built on proven technology from MacGregor enables the flexible, direct ship-to-well injection needed to support the EU’s carbon capture and storage goals.If the European Union is to meet its objective of net-zero emissions by 2050…
DOF Group ASA announced two subsea contract awards in the APAC Region with a combined value in the Substantial* category.Both contracts will utilize the region’s multipurpose vessels and subsea services including DOF’s in-house project management and engineering…
The Trump administration will offer more than 81 million acres (32.8 million hectares) in the Gulf of America to oil and gas drillers as part of an effort to boost domestic energy production with regular offshore lease sales.The sale is the second since the U…