British consulting and engineering group Wood Plc forecast 2021 revenue that came in below market expectations on Tuesday as renewed concerns about global growth and oil demand clouded the outlook for its largest division serving energy customers…
Norwegian offshore shipping firm Solstad Offshore has secured a contract extension with Equinor for its Normand Ferking vessel.The extension will see the anchor handling vessel stay with Equinor for another year, to November 2022. Equinor has…
The Biden administration on Friday slapped sanctions on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, but opponents of the nearly-completed project said the measures would not stop it.The sanctions were imposed on ship Ostap Sheremeta…
North Star Renewables, a North Star Shipping subsidiary established earlier this year to target offshore wind business opportunities, said Monday it had finalized a funding package of £96 million (around $131 million) to build its new renewables vessel fleet…
Neptune Energy-operated Duva offshore development in Norway has started production, making it Neptune’s third major project to come onstream in 2021 after following Gjøa P1 in Norway in February and Merakes in Indonesia in April. Located in the North Sea off Norway…
There are only 15 km (9 miles) left to finish the Nord Stream 2 gas pipeline from Russia to Germany that bypasses Ukraine, Russian President Vladimir Putin said on Friday.The $11 billion project doubling the capacity of the first Nord Stream…
Baron Oil has increased its interest in a UK North Sea offshore block containing the Dunrobin prospect, dubbed one of the few remaining sizeable undrilled UK North Sea targets.Baron Oil said this week that Corallian and Upland, its partners…
Norwegian offshore vessel operator Solstad Offshore said Friday it had sold its AHTS Sea Panther vessel for recycling.The vessel was sold through Solstad Offshore's subsidiary Solstad Rederi, and the delivery to the buyer took place today August 20th…
Ancala Midstream Acquisitions Limited said Friday it had received the first gas from the extended well test at the Lundin-operated Rolvsnes field, off Norway, into its capacity in the SAGE System.The SAGE System comprises a 323-kilometer, 30-inch bore pipeline…
Crude oil loading at Equinor's Sture export terminal on Norway's west coast was interrupted on Thursday after activists from the Extinction Rebellion group breached the facility's safety zone, the company said.Equinor halted the loading of the TS Bergen Aframax vessel…
Neptune Energy has received regulatory approval to drill a wildcat well in the North Sea, offshore Norway.Neptune will drill the well 33/6-5 S using the Deepsea Yantai drilling rig after it completes the drilling of development wells in production licence 636…
The Nord Stream 2 gas pipeline construction is 99% complete, the operating company said on Wednesday, after a media report the Russian-led project, which has come under criticism from the United States, is expected to be finished on Aug. 23…
UK-based oil and gas company Harbour Energy has hired Maersk Drilling's jack-up rig Mærsk Innovator to drill three subsea development wells in Block 28/9, near the Catcher field, on the UK Continental Shelf. The nine-month contract, which will see the rig reactivated…
Belgian offshore installation firm DEME Offshore said Thursday it had installed the first offshore wind substation in France, at the Saint-Nazaire offshore wind farm site. The installation of the 2,100-ton substation was carried out by Allseas' giant Pioneering Spirit vessel…
UK-based oil and gas firm Jersey Oil & Gas has decided to let two North Sea licenses expire as they're not part of the company's Greater Buchan Area hub project.The licenses in question are P2497 Block 20/4c (Zermatt) and P2499 Block 21/2a (Glenn)…