Offshore installation company DEME has agreed to acquire Eidesvik's DP3 offshore installation vessel ‘Viking Neptun’. 'Representing a substantial investment, this move highlights DEME’s commitment to its customers, and supports the continued growth of the offshore wind industry…
Norwegian energy major Equinor said on Wednesday it had cut the resource estimates for its Mariner oilfield in the British North Sea, triggering an impairment charge of around $1.8 billion.Total recoverable reserves from the field, which is operated by Equinor with a 65…
Spanish renewable energy company Iberdrola, via its subsidiary Avangrid Renewables, has, as part of an earlier agreement with Copenhagen Infrastructure Partners, formally concluded an agreement to take control of over 2 GW of US offshore wind capacity…
Norwegian ocean bottom node survey firm Magseis Fairfield ASA on Tuesday disclosed an ongoing mediation process between Magseis Fairfield ASA and Fairfield Industries Inc. regarding certain contractual claims between the parties. On October 30…
Oil and gas company Eco Atlantic has signed a Memorandum of Understanding to acquire 100% of Azinam Group including Azinam's entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition…
Masirah Oil, a 91.81 percent subsidiary of Rex International, said Monday that gross oil output from the Yumna Field in offshore Block 50 Oman, in December 2021 amounted to 8,440 stock tank barrels per day (stb/d).'Production was choked back…
China's offshore oilfield cluster Bohai, run by state-run CNOOC Ltd, has become the country's largest crude oil producer with output hitting 30.132 million tonnes (602,640 barrels per day) in 2021, state news agency Xinhua reported.Bohai field…
A tight physical market and buoyant demand from Asia helped prop up prices for West African crude on Monday.A narrow WTI-Brent spread was favoring flows of lighter West African grades into Asia as opposed to competing American crude grades, traders said…
Marine seismic surveyor Shearwater GeoServices has said it has won a large multi-component seismic survey contract with CGG for work over the North Viking Graben area offshore Norway.The five-month project is expected to start in the second…
Spanish renewable energy giant Iberdrola and Irish DP Energy have opened new offices of their Irish offshore wind joint venture, in which Iberdrola has a majority stake. The new premises, located at 1 Horgan's Quay, Waterfront Square, in the port city of Cork…
Oil rose to around $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery.OPEC supply additions are running below their allowed…
Several Democratic U.S. senators said late on Monday, after meeting with Biden administration officials, that they believe sanctions on Russia's Nord Stream 2 pipeline backed by Republican Senator Ted Cruz could harm relations with Germany.Under…
Gabon's oil workers' union and water and electricity workers' union began a general strike on Tuesday in protest against COVID-19 restrictions and the cost of PCR tests, they said.'We hereby inform you of the launch of an unlimited general strike…
China's biggest offshore oil and gas producer, CNOOC Ltd, on Tuesday set its 2022 production target at 600 million-610 million barrels of oil equivalent (boe), 10% above last year's goal.The company targeted output of 545 million-555 million boe in 2021…
Norwegian oil and gas company Vår Energi has appointed Tone Rognstad to its executive management team as VP People & Organization. Rognstad comes from the position as VP for Project Management and Control at Equinor. She has gained extensive…