Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras said on Sunday.The discovery…
Equinor announced on Monday that it has discovered oil and gas in separate formations of cut by the same well, and all indications are that a new oil-heavy play in a Norwegian Sea gas province may create a rush to oil if the area’s notoriously splintered geology can be mastered…
Equinor and its partners Ineos E&P and Faroe Petroleum have made an oil and gas discovery in exploration well Snadd Outer Outer/Black Vulture in production licence 159B in the Norwegian Sea. The well had two different reservoir targets; an upper…
French President Emmanuel Macron urged Turkey to stop 'illegal activities' in Cyprus's exclusive economic zone and said the European Union would not back down on the issue.European Union members have pressured Turkey to drop its plans for offshore…
The original accommodation platform (QP) topside at Valhall in the southern part of the North Sea has been removed by Allseas' giant multipurpose heavy-lift construction vessel Pioneering Spirit, the field's operator Aker BP announced on Friday…
Norway has approved Equinor's project to boost oil recovery from the Gullfaks field in the North Sea by 17 million barrels, the energy ministry said on Friday.The project, which aims to produce oil from the Shetland/Lista dense lime reservoir located above the field's main reservoir…
Greenpeace activists climbed back on a drilling rig on Friday to keep it from heading to a BP oilfield in the British North Sea, hours after police removed protesters who had boarded the vessel days earlier.On Thursday night police removed and…
Maersk Drilling announced Friday that CNOOC has exercised a one-well option for the Maersk Innovator jack-up rig to continue infill drilling at the Buzzard field on the UK continental shelf.The option, from the Chinese oil firm's CNOOC Petroleum Europe subsidiary…
France has boosted its offshore wind power target to 1 GW per year until 2028 totalling 10 GW, double an initial target of 4.7 GW over the next decade, prime minister Edouard Phillippe said.Referring to a 500 MW wind power tender the country…
iXblue said its Sea Operations division has been selected by developer EOLFI to conduct the geophysical survey of the future Groix & Belle-Île pilot floating wind farm located in the South of Brittany, off the west coast of France.The survey…
The global market for offshore wind operation and maintenance (O&M) is expected to grow by 17% annually to €11 billion ($12.4 billion) by 2028, according to new research from Wood Mackenzie Power and Renewables. The largest contributor is Europe…
Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country's portfolio.As part of Norway's efforts to shift its $1 trillion 'rainy day' fund away from oil…
Subsea 7 announced Thursday it has been awarded a contract for subsea pipelines and associated marine operations in the second phase of the large scale Johan Sverdrup project, in the Norwegian sector of the North Sea.The contract, awarded by…
The huge changes made in the industry since the downturn in 2014, through to the challenges that lay ahead and some of the solutions that could help solve them, were set out by a top tier line up ranging from oil major heads of macroeconomics…
Norwegian Prime Minister Erna Solberg underlined her and the government’s support for the offshore oil and gas industry, especially the subsea industry, in a keynote speech and visit to this year’s Underwater Technology Conference in her home town…