The UK government said Thursday it would review its policy on the future UK offshore oil and gas licensing regime as part of the wider aim of the country towards achieving net-zero emissions by 2050.'The review will ensure the Government has…
Norway's $1.2 trillion wealth fund will ask the companies in its portfolio that emit the most carbon dioxide (CO2) for more detailed climate-related data in order to understand the risk posed to its investments, a top official said.The world's largest sovereign fund…
Oil and gas company Wintershall Dea has completed the installation of the risers for the Nova field development in the Norwegian North Sea, with development drilling set to follow.The Nova field is being developed as a subsea tie-back, connecting two templates to Neptune Energy's Gjøa platform…
The UK oil and gas regulator Oil and Gas Authority (OGA) has offered for award 113 license areas over 259 blocks or part-blocks to 65 companies in the 32nd Offshore Licensing Round.The round offered blocks in mature, producing areas close to existing infrastructure…
A report commissioned by Crown Estate Scotland has found that Scotland has good technical capability to support offshore wind port functions in some, but not all locations and that investments in port capacity will be required to meet the needs of the growing offshore wind industry…
Installation is underway in the Norwegian sector of the North Sea for the world’s longest heated subsea production pipeline, oil and gas company Neptune Energy has informed.The project will see the installation of the 36-kilometer electrically…
Offshore seismic surveyor Shearwater GeoServices has entered a 3D seismic acquisition project with ION Geophysical for a new multi-client survey in the North Sea.The project, to be carried out by the Amazon Warrior seismic vessel, is for ION's…
Oslo-listed offshore vessel owner GC Rieber Shipping last week completed the sale of its Polar King construction support vessel to, at the time, unnamed buyers.It has now been revealed that the 2011-built vessel was sold to the Greek-based Asso…
Underwater technology company Blue Logic has won the Innovation Award 2020 from Norway's ONS, for the development of an open-standard subsea docking station for underwater vehicles.The award, given in the small and medium-sized enterprises category…
Subsea services provider and vessel operator DOF Subsea has been awarded a turnkey contract performing marine operations related to a decommissioning project by Teekay Petrojarl Floating Production.DOF Subsea said Tuesday that the contract with…
Ireland's PSE Kinsale Energy has hired Stena Drilling's Stena Spey semi-submersible drilling rig for a decommissioning campaign at the Kinsale field offshore Ireland.To remind, Kinsale area offshore gas fields in the Celtic Sea officially ceased production last month after more than 40 years online…
E&P companies planning drilling campaigns in British waters next year could face a surprisingly small selection of semisubs to choose from due to ever-shrinking ready supply in the segment.Too many rigs and not enough work has been the norm…
Offshore wind developer Vattenfall has said that all foundations have now been installed at its Kriegers Flak offshore wind farm site in the Danish sector of the Baltic Sea.The last foundation - of 72 in total - was installed on Friday, August 28…
Turkey said on Monday that its Oruc Reis exploration vessel will carry out seismic surveys in a disputed area of the eastern Mediterranean until Sept. 12, provoking an angry response from neighboring Greece.Turkey and Greece, NATO allies, vehemently…
Offshore drilling rig contractor Seadrill said on Monday it has proposed to creditors to turn over its stakes in oil services firms Archer and Seadrill Seabras to redeem its outstanding secured notes.The company controlled by Norwegian-born…