Norwegian energy group Equinor plans to sell a stake in its Martin Linge oilfield in the North Sea, hoping to raise more than $1 billion, industry and banking sources told Reuters.The sale is aimed at reducing Equinor's large stake in the field…
Norwegian offshore vessel owner Solstad Offshore has won a long-term contract for one of its platform supply vessels in the UK.The vessel has been contracted for one year, with further extension options included for up to two years. The contract…
ASX-listed SRJ Technologies Group plc has struck a deal to buy the UK-based oilfield services firm STATS.STATS said Tuesday that its shareholders had executed a Share Purchase Agreement to sell 100% of the issued share capital of the company to SRJ Technologies…
UK-based oil and gas company IOG is set to start drilling at the Southwark offshore field in the UK North Sea after a two-month hiatus caused by a problem with one of the offshore drilling rig's legs.IOG is focused on developing its Southern North Sea gas fields at the Saturn Banks Project…
Aberdeen-based offshore moorings specialist First Marine Solutions (FMS) has said it has secured a 'seven-figure' contract with offshore well-decommissioning firm Well-Safe Solutions.Under the deal, FMS will provide marine consultancy services…
Offshore engineering consultancy SLPE has secured a detailed design contract for wind turbine generator foundations for Red Rock Power Limited and ESB’s Inch Cape offshore wind farm.Inch Cape applied earlier this year to remove the capacity cap from its consent…
Offshore drilling solutions provider HMH has been awarded the contract to deliver a pressure control system to Guangzhou Marine Geological Survey (GMGS) drillship.The system will comprise of a blowout preventer (BOP) stack, including the new SeaONYX V…
Russian oil firm Lukoil will acquire a 9.99% percent in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas and not 15.5% as agreed originally in October, as other partners in the field, BP and Socar…
Norwegian offshore vessel owner Siem Offshore said Monday it had signed a contract with an undisclosed client for operations in South East Asia for the Siem Barracuda offshore subsea construction vessel (OSCV), and an extension for OSCV Siem Stingray…
UK-based subsea equipment rental and solutions specialist Ashtead Technology said Monday it had strengthened its rental fleet with 'a significant investment' in iXblue subsea navigation systems.The investment includes the addition of further…
Oil and gas company Energean, working to develop the Karish gas field offshore Israel, has signed an EPC contract with process engineering business Kanfa for the supply of a second, 700-tonne oil train for the Energean Power FPSO, which is currently under construction in Singapore…
Norwegian oil company Aker BP on Monday said it had awarded contracts to alliance partners for front-end engineering and design (FEED) valued at approximately 440 million kroner (around $49 million).The contracts, awarded to Aker Solutions, ABB…
The conviction of Ziad Akle, a former Unaoil executive jailed last year for bribery, has been quashed and the UK Serious Fraud Office (SFO) was accused of a 'serious failure' in a damning judgment by London's Court of Appeal.Senior judges refused an SFO request for a retrial for the 46-year-old…
A consortium of ExxonMobil and QatarEnergy has signed an exploration and production sharing contract with the Republic of Cyprus for the offshore Block 5 located southwest of the island.This is QatarEnergy’s second exploration block in the Republic of Cyprus…
Norway's power production surplus is expected to fall significantly by 2026, with the south of the country moving into deficit owing to rapidly increasing demand, power grid operator Statnett said on Friday.Power demand in Norway is expected to grow to 158 terawatt-hours (TWh) by 2026…