Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic.Now, with oil and gas demand recovering supported by vaccinations and OPEC+ supply cuts…
Oilfield services giant Baker Hughes and the Norwegian 'carbontech' start-up, Horisont Energi have signed an agreement to jointly explore development and integration of technologies for the Polaris carbon storage project in the Barents Sea, offshore Norway…
Malaysian oilfield services company Uzma has won a contract with Petronas Carigali for electric wireline logging services.Uzma said it would provide non-rig assisted electric wireline logging services for Petronas Carigali for a period of three…
Norwegian offshore vessel owner GC Rieber Shipping has delivered the Polar Queen vessel to new owners Schmidt Ocean Institute. The company announced the sale of the IMR vessel in February.'The vessel has today been delivered to the new owner…
Southeast Asia-focused oil firm KrisEnergy has yet again delayed the completion date of the proposed farm-out of its entire interest in Block 115/09 offshore Vietnam.KrisEnergy entered into the farm-out agreement with an unnamed international oil major for the Vietnam farm-out back in February 2020…
Chrysaor's first operated well offshore Norway has failed to unearth enough hydrocarbons to warrant development and will be plugged and abandoned.To remind, OKEA, Chrysaor's partner in the offshore license PL973, last week said that the well…
Norwegian offshore services company Reach Subsea said Tuesday it has recently been awarded several contracts and call-offs under frame agreements.The company said it had won the contracts both alone and in partnership with Sweden's MMT.'We now…
Offshore vessel operator Bourbon Subsea Services has won a contract with TetraSpar Demonstrator ApS, to manage the transportation and installation of the 3,6 MW Floating Wind Turbine prototype, off Norway.'This new turnkey stage includes project management…
Norwegian energy company Equinor said Tuesday its Hywind Scotland floating offshore wind farm in the UK has, for the third consecutive year, reached the highest average capacity factor for any wind farm in the UK.With an average capacity factor of 57…
Just days after exercising a one-well option for Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig, Norway's oil and gas firm Equinor has exercised another one.The offshore drilling company said Monday: 'Further to our press…
Offshore drilling contractor Vantage Drilling has received court approval for a previously proposed deal which entails Vantage managing some of the rigs owned by Seadrill Partners.Vantage said Friday it had has entered into a Framework Agreement…
Norwegian oil company Aker BP has exercised the second one-year option for the extension of the contract for Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig.The extension will begin after the expiry of the first optional period in June 2022…
India's Mangalore Refinery and Petrochemicals Ltd has bought its first-ever cargo of Brazilian Tupi crude oil in a tender, two industry sources said on Monday.The 1-million-barrel cargo was sold by Royal Dutch Shell for May delivery, he added…
Bureau Veritas (BV), a testing, inspection, and certification body, has completed the classification of the Torman LNG floating regasification unit (FRU) at Tema port, Ghana in sheltered waters.The unit is combined with a floating storage unit (FSU) for the delivery of gas to onshore consumers…
Oil and gas firm Neptune Energy has said it has recently installed four Enhanced Horizontal Subsea Tree Systems (EHXT) for the Duva development project in the Norwegian sector of the North Sea, using a vessel instead of a rig, reducing installation time…