Norway's Lederne labor union has made a new proposal to oil companies to try to resolve a dispute over wages and end a strike that has cut the country's petroleum output capacity by about 8%, the union told Reuters on Tuesday.Six offshore oil…
The UK has set an ambitious target of having offshore wind farms provide more than enough electricity to power every home in the country by 2030, based on current electricity usage. This boosts the government’s previous 30GW offshore wind target to 40GW…
Australian oil and gas company Karoon Energy expects to complete the acquisition of the Bauna offshore field from Petrobras by the end of the month.The company, which in July 2019 agreed to buy a 100% stake in the Baúna offshore oil field, in the southern Santos Basin…
A Turkish drillship has left the area where it was operating southwest of Cyprus and reached Turkey's coast for maintenance in a move the European Union said would help ease tensions in the Eastern Mediterranean.Refinitiv tracking data showed…
Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said.The strike will cut Norway's total output capacity by just over 330,000 barrels of oil equivalent per day…
Two UK-based offshore oil and gas companies Premier Oil and Chrysaor are set to merge in an all-stock transaction. Premier Oil also said that its proposed acquisition of BP's North Sea assets will not take place.In a joint statement released Tuesday…
U.S. oil giant Exxon Mobil said on Monday it plans to reduce its European workforce by up to 1,600 across the company's affiliates by the end of 2021 as part of its global review.Exxon said country-specific cuts will depend on the oil major's local business footprint and market conditions…
Norwegian oil and gas company Equinor plans to use Odfjell Drilling's Deepsea Aberdeen semi-submersible drilling rig to drill at its Breidablikk project in the North Sea offshore Norway.The Breidablikk field, for which the plan for development and operation was submitted last month…
Hempstead, Texas-based oil and gas equipment maker Logan Industries has been awarded a contract to manufacture a set of safety cages to keep offshore technicians safe while inspecting subsea connectors on blowout preventers (BOPs) while on deck…
U.S. oil major Chevron has completed the acquisition of its smaller rival Noble Energy, following the approval by Noble Energy shareholders.The proposed all-stock acquisition was initially announced in July, in what was at the time estimated to be a deal valued a $5 billion…
Swedish oil company Lundin Energy is expanding its oil and gas acreage in Norway through the acquisition of Idemitsu Petroleum's Barents Sea assets, including a stake in the Wisting oil discovery, for $125 million.Under the agreement announced Monday…
Offshore wind developer Ørsted and fertilizer company Yara have entered a joint project aimed at producing ammonia from renewable hydrogen instead of fossil hydrogen in the Netherlands.The two companies say their project had the potential to reduce more than 100…
Offshore Heavy Transport (OHT) has signed the firm order for the construction of an offshore wind turbine generator installation vessel, which will mark the heavy-lift and transportation company's entry into the offshore wind turbine installation business…
Scana's affiliate company Skarpenord has signed a letter of intent to upgrade valve control systems on Var Energi's Jotun floating storage and production unit in Norway.Skarpenord signed a letter of intent for the valve control systems upgrade with Rosenberg Worley…
Vineyard Wind, a company with plans to construct offshore wind farms in the U.S., has appointed Sy Oytan as Deputy Chief Executive Officer.Vineyard Wind is, a 50/50 joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners…