NEO Energy has completed the previously announced acquisition of a portfolio of non-operated oil and gas assets in the UK Central and Northern North Sea from ExxonMobil. The company made the announcement on Wednesday.North Sea-focused oil company…
Norwegian firm Aker Solutions has won a contract with Equinor to deliver engineering, procurement, and construction (EPC) of a subsea compression module to be installed subsea at the Åsgard gas field, offshore Norway. The scope covers EPC of…
Danish engineering firm R&D Test Systems has said it has designed and delivered the world’s largest, most powerful highly accelerated lifetime testing (HALT) test bench for wind turbine nacelles at the Danish test center Lindø Offshore Renewables Centre (LORC)…
Gazprom Neft, the oil arm of Russian gas giant Gazprom, expects its hydrocarbon production to exceed 100 million tonnes of oil equivalent this year, reaching a record high, it said on Thursday.Gazprom Neft had aimed to reach the 100 million…
Climate activists, including a former oil refinery worker, accused the UK government in the high court on Wednesday of illegally subsidizing fossil fuel producers through tax incentives which undermine its climate goals.Climate activists are…
Polish oil firm PGNiG has drilled a dry well in the production licence 937, in the Norwegian Sea.The well, formally named 'Well 6306/3-1 S' - the Fat Canyon Prospect - was drilled using Dolphin Drilling's Borgland Dolphin semi-submersible drilling rig…
UK-based offshore vessel owner North Star Group has won another service operations vessel (SOV) contract at the Dogger Bank wind farm, this time for the third phase.North Star Group said Thursday it had secured a long-term charter worth about £90 million ($118…
Romanian OMV Petrom could postpone a final investment decision over its Black Sea deep water gas project until 2023 if lawmakers do not amend an offshore law by the end of this year as agreed, its chief executive said on Wednesday.OMV Petrom…
U.S. officials have told members of Congress they have an understanding with Germany about shutting down the Nord Stream 2 natural gas pipeline if Russia invades Ukraine, a senior congressional aide told Reuters on Tuesday.The White House said…
Norwegian oil and gas firm Equinor has agreed to buy all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian and UK Continental Shelves.The Statfjord area is developed through three integrated production platforms (Statfjord A…
HitecVision-backed Norwegian oil firm Sval Energi has signed an agreement with Spirit Energy to acquire the majority of Spirit Energy’s Norwegian operations and assets in a transaction valued at $1,026 million.According to Sval Energi, the transaction…
Scotland could become a world leader in producing low-carbon concrete foundations for floating offshore wind farms, a study funded by renewable energy giant RWE has found.According to RWE, the study identified potential business opportunities…
BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have evaporated, according to a document seen by Reuters.Dated Brent…
French offshore cable making and installation firm Nexans has confirmed it has won a contract to manufacture and install a power cable system that will deliver electricity directly from the Norwegian power grid to the Oseberg field center in the North Sea…
Swedish firm OX2 has applied for a permit under the Act on Sweden's Exclusive Economic Zone to build an offshore wind farm off the coasts of Falkenberg and Varberg in the Swedish economic zone.The wind farm is called Galatea-Galene and is divided into two sub-areas…