Oil and gas company Neptune Energy Norge AS has concluded the drilling of the exploration well 33/6-5 S (Tail prospect) in the North Sea, off Norway. According to the Norwegian Petroleum Directorate, the well is dry.Neptune drilled the wildcat well using the Deepsea Yantai drilling rig…
Global wind power leader Iberdrola reported a 10% fall in net profit on Wednesday but beat market expectations for a turbulent nine months on energy markets which saw its home government in Spain swoop on utilities' earnings.Power and gas prices…
Offshore driller Seadrill Ltd on Tuesday obtained court approval for its reorganization plan, clearing the way for it to emerge from bankruptcy.U.S. Bankruptcy Judge David Jones in Houston signed off on the plan during a virtual hearing. Under the plan…
Norway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring.The company…
Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220…
U.S. oil major ExxonMobil has awarded a two-year contract for Valaris' drillship Valaris DS-9 for operations in Angola.The drillship, formerly known as Ensco DS-9, will work for ExxonMobil's Angolan subsidiary Esso Exploration Angola.Delivered in 2015 by Samsung Heavy Industries in South Korea…
Belgian offshore installation company DEME Offshore has installed the final and 165th monopile foundation at Ørsted’s Hornsea Two wind farm, in the UK. The wind farm will be the largest offshore wind farm in the world once operational in 2022…
The UK Oil and Gas Authority has said that a total of 29 bids have been submitted for the £1 million ($1,37 million) competition for ideas that could advance the electrification of offshore platforms on the UKCS. Winners to be awarded a share of the fund will be announced in early December…
Brazilian oil company Petrobras is continuing with its strategy of divesting non-core assets so it can focus on its 'world-class' deepwater and ultra-deepwater assets.It last Friday started the opportunity disclosure stage, regarding the sale of its entire stake (100%) in the Catuá Field…
Norwegian oil and gas company Equinor has made an oil and gas discovery at its Egyptian Vulture offshore well in the Norwegian Sea, off Norway.Equinor's partner Longboat Energy said the exploration well 6407/1-9 in the Norwegian Sea encountered…
Vard Electro will deliver its largest battery package to date as part of a vessel retrofit deal with the Norwegian offshore vessel owner Siem Offshore.The contract covers Vard Electro’s SeaQ Energy Storage System (ESS) with two battery packs and a DC link…
Offshore drilling contractor Odfjell Drilling has said that its business divisions Odfjell Energy and Odfjell Well Services have launched a plug and abandonment (“P&A”) and slot recovery alliance with leading companies within the energy industry…
The UK oil and gas industry regulator Oil and Gas Authority (OGA) has opened an investigation into the proposed sale by ExxonMobil of 13 producing fields, specifically Elgin Franklin, to NEO, amid concerns it is not progressing as quickly as expected…
Danish wind turbine maker Vestas has said it has completed the construction of all the blades, nacelles, and most of the tower sections for Akita Offshore Wind Corporation's Akita Noshiro offshore wind farm project in Japan.The project will be Japan's first utility-scale offshore wind farm…
Irish oil and gas company Providence Resources has started a well site survey over the block containing its undeveloped Barryroe oil and gas field in the North Celtic Sea Basin, located c. 50km off the south coast of Ireland.'Providence is pleased…