A seismic shift in the dialogue around big oil and climate has occurred in the past 12 months. It’s a change in how big oil is orientating itself around what many call the energy transition. Climate goals - governmental, international and industry…
Oil firm Vår Energi, majority owned by Italy's Eni, aims to recover 136 million barrels of oil equivalent (boe) from the Balder area off Norway, the company said on Tuesday, as it presented a redevelopment plan for the field.The 19.6 billion crown ($2…
Oil and gas company Aker BP announced on Tuesday it has produced first oil at its Valhall Flank West normally unmanned installation (NUI) in the Norwegian sector of the North Sea.The NOK 5.5 billion ($609.5 million) development aims to produce…
A slew of reports out of Norway over the past month point to rising oil industry salaries (and therefore costs) after two years that saw heavy investments offshore.For the 225,000 Norwegians who work in oil and gas, both hikes are good news…
A new compensation format will help improve efficiency asEquinor said it has awarded framework agreements to five suppliers to provide safety and automation systems for the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway…
The UK’s latest offshore licensing round has attracted 'considerable interest' despite concerns surrounding domestic oil and gas production amid government commitments to net zero emissions by 2050, the UK Oil & Gas Authority (OGA) said on Monday…
Vår Energi, majority owned by Italy's Eni, will on Tuesday present a plan for how to redevelop its Balder and Ringhorne fields in the North Sea, extending their output, the Norwegian energy ministry said on Monday.Overall investments in the…
A Turkish drone meant to help seek hydrocarbons in the eastern Mediterranean landed at an airport on the divided island of Cyprus on Monday, a Turkish official said, in a move that could further stoke tensions between Turkey and Greece.The breakaway…
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a Project Management Services contract to support BP’s operations in Azerbaijan and Georgia.The three-year contract will support…
The UK’s offshore wind industry will need to lean on oil and gas expertise to help decommission wind farms as more than 3 gigawatts (GW) of offshore wind power reaches the end of its design life by 2034, an industry decommissioning conference heard in November…
Oil firm DNO has made a minor oil and gas discovery in the northern part of the Norwegian Sea, the Norwegian Petroleum Directorate (NPD) said on Friday.The discovery, made in 341 meters of water, about 4 kilometers west of the Heidrun field…
Norway's Equinor plans to export oil from its upcoming Johan Castberg field directly to the market, ditching the option of building an onshore reloading terminal, it said on Friday.'Johan Castberg partners ... have studied a possible development…
Services firm Petrofac said it has secured two new framework agreements (FA) for the provision of engineering, procurement, construction and commissioning (EPCC) services in the North Sea.The first, a three-year FA awarded by EnQuest as part of a multi-contractor framework…
Aker BP has tapped Aker Solutions and Subsea 7 to deliver and install subsea infrastructure for the second phase of the Ærfugl development offshore Norway.The Aker BP operated Ærfugl development is a subsea project being developed in two phases…
Engineering firm Wood announced on Wednesday that it has been awarded a contract by Norwegian energy group Equinor to deliver modifications to a pair of offshore platforms in the Norwegian North Sea that will be connected to electric power from floating wind turbines…