Norwegian offshore operator Equinor said Monday it will invest 50 billion kroner ($5.67 billion) over 10 years on a path toward reducing company-wide emissions by 40% through to 2030.Using the EU’s 2005, rather the UN’s 1990 as a benchmark year…
Exxon Mobil Corp expects a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production assets to significantly lift results for the fourth quarter, according to a regulatory filing on Friday.The gain from the sale of the assets to Var Energi AS…
Following i3 Energy's 2019 drilling campaign at Serenity and Liberator, the company announced Thursday it is now preparing for a mid-2020 appraisal program to delineate the fields believed to contain more than 600 million barrels P50 STOIIP…
The second of the three platforms for the WindFloat Atlantic project has left the Port of Ferrol for its final destination 20 kilometers offshore Viana do Castelo, Portugal.Upon arrival to the project site, it will be installed next to the first floating platform…
Greece's Prime Minister said in remarks published on Sunday that if Athens and Ankara cannot solve their dispute about maritime zones in the Mediterranean they should turn to the International Court of Justice (ICJ) in The Hague to settle the disagreement…
Europe — okay, Brussels — is keenly anticipating the day hydrogen begins supplanting the natural as in its pipeline net, as more explosive H could mean energy storage, motive power and, perhaps, heating.It wants more hydrogen from offshore platforms…
Italian oilfield services firm Saipem announced Friday it has secured approximately $1.7 billion in new and extended drilling contracts for its offshore and onshore divisions.The offshore drilling contracts relate to activities to be executed in Norway and in Angola…
Norway at years’ end is marking “50 years of oil” and ushering in decades more oil wealth with the go-ahead of the Balder-Ringhorn life extension project along with dozens of other life-extenders.The North Sea oilfield was the first discovered off Norway in 1967…
Unlocking marginal fields in the UK North Sea has led to a project comparing a global database of fields, discoveries and prospects, to clarify strategy for license holders and the supply chain alike in petroleum basins.In 2015, a project was…
Magseis Fairfield announced Norwegian energy company Equinor had awarded four-year renewal for its reservoir monitoring program for the Snorre and Grane fields in the Norwegian North Sea.The containerized permanent reservoir monitoring (PRM) system…
Israel opposes an accord signed last month between Libya and Turkey mapping out maritime boundaries in the eastern Mediterranean, but the deal was unlikely to lead to a conflict with Turkey, Israel's foreign minister said on Monday.The deal…
Aibel Thailand, which is building the Main Support Frame (MSF) module for Johan Sverdrup’s P2 process platform, said it has completion of the first deck at the company’s yard in Laem Chabang.In November, the project reached a major milestone…
The North Sea decommissioning picture is murky at best, and its constantly evolving timetable is proving difficult to plan for, judging by the qualifying comments of a number of operators and regulators, of late.While the technology of offshore…
Vår Energi announced it has awarded a rig contract to Seadrill to secure the West Phoenix drilling rig for work on the Balder Future redevelopment project in the Norwegian sector of the North Sea. The contract, which is subject to authority approval of the $2…
Norwegian energy firm BKK announced plans to build an offshore power grid in the North Sea, in a more than $2 billion project to help the country's oil and gas industry cut greenhouse gas emissions.It will undertake the project with infrastructure company CapeOmega…