Oil and gas company Longboat Energy said Tuesday that a semi-submersible drilling rig had been assigned for the drilling of the Lotus (Kjøttkake) exploration well in Norway. Longboat Energy has a 30% stake in the DNO-operated project.The Lotus…
OX2 and Ingka Investments, two companies working to build wind farms offshore Sweden, have entered into a conditional agreement with NKT for the delivery and installation of export power cables. NKT’s facility in Karlskrona will deliver the…
Port of Aberdeen and Subsea 7 have secured a grant of £150,000 from the Scottish Government to investigate the feasibility of storing hydrogen underwater at the new Aberdeen South Harbour.The 'H2Shore - Hydrogen coastal storage and distribution'…
Offshore oil and gas services firm Stork has won a five-year contract, plus five one-year extension options with UK-based oil and gas firm Harbour Energy. The contract extends Stork’s asset integrity services in the North Sea on Harbour Energy’s Armada…
Cyprus wants to establish itself as a gateway from east Mediterranean gas resources to Europe via a shipping corridor of LNG carriers, its president said on Monday. Cyprus's new centrist government, which came to power in February, has cooled…
Four international groups are competing to buy Exxon Mobil Corp's majority stake in a liquefied natural gas (LNG) terminal offshore Italy, two sources familiar with the matter said. The deal could value the entire LNG terminal at around 800 million euros ($881 million)…
Offshore installation services company Allseas has won a contract to transport two 2GW converter platforms for the BalWin1 and BalWin2 offshore grid connection systems in the German North Sea.The contract, awarded by Dragados Offshore, is for…
TotalEnergies shareholders rejected an activist resolution on Friday urging faster cuts to the oil major's greenhouse gas emissions program after police intervened to stop climate protesters disrupting its annual general meeting. The resolution…
Norwegian oil and gas company Aker BP has awarded Heerema Vlissingen a contract for the procurement and construction of the Munin platform jacket in the Yggdrasil area, offshore Norway.“This is an important contract for the Yggdrasil development…
Northland Power on Thursday announced the sale of its full 49 percent stake in the Nordseecluster offshore wind portfolio to its partner on the portfolio, RWE Offshore Wind GmbH (RWE). With this, RWE will assume full ownership of the projects for a cash consideration of around 35 million euros…
Prosafe, an Oslo-listed offshore accommodation rig provider, has appointed Reese McNeel, the current CFO, to interim CEO and CFO effective immediately.The decision follows after Jesper Kragh Andresen, the current CEO, said he would in April…
Oil output at Kazakhstan's giant Kashagan oilfield fell this month after its operator shut two offshore injection wells on May 20 following the detection of sour gas during routine sampling, the company said on Thursday.The North Caspian Operating…
The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday…
Cost inflation has led Norwegian oil and gas companies to increase their investment forecasts for 2023 and 2024, a national statistics office (SSB) survey showed on Thursday. The country's biggest business sector expects to invest 197.8 billion Norwegian crowns ($18…
Norwegian oil and gas company Aker BP said it had made a significant oil discovery at the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area of the Norwegian North Sea.'Preliminary estimates indicate a gross recoverable volume of 40-90 million barrels of oil equivalent (mmboe)…