Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange.As previously reported, in January this year, lenders took control of the company's vessels after a debt payment default, and decided to sell them and let go all the employees…
A commercial court in Ghana on Friday ordered that 30% of revenues from an Eni-operated oilfield be placed in an escrow account, granting a request by the local operator of an adjacent field over Eni's objections.Springfield, which operates…
The first deepwater gas field fully operated by a Chinese company, Lingshui 17-2, started production on Friday, the country's national offshore producer CNOOC Ltd said.The gas project, in the South China Sea, is expected to reach peak production of 328 million cubic feet of natural gas and 6…
An Italian appeals court on Thursday overturned jail sentences handed down to Nigerian Emeka Obi and Italian Gianluca Di Nardo for their part in a graft case involving Eni and Shell in Nigeria.In a decision taken behind closed doors but read out to reporters afterwards…
France's TotalEnergies confirmed Friday it had with its partner Qatar Petroleum been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies will operate the two shallow-water blocks, with depths between 30 meters and 50 meters…
Subsea solutions provider 4Subsea has secured a three-year service agreement with the Norwegian oil and gas firm Vår Energi to monitor and analyze wellhead integrity to ensure safe operations for the Balder Future drilling and completion operations in Norway…
Norway-based Havyard Leirivik said Thursday it had handed over a new wind farm service vessel to the Danish shipowner Esvagt.The vessel named ‘Alba’ is the second in a series of three vessels.Havyard's Norwegian Electric Systems has delivered…
Israeli-Swedish wave energy company Eco Wave Power has installed a Spotter Buoy near the Barra do Douro breakwater in Portugal.Installed following approval from the Port Authority of the Douro, the Spotter Buoy will collect wave data for Eco Wave Power's proposed wave energy project in the area…
Norway is seeing big interest from energy firms in developing offshore wind farms in its ongoing licensing round and may offer additional acreage in 2023, Minister of Petroleum and Energy Tina Bru told Reuters on Thursday.“The interest is huge and I’m really looking forward to the developments…
Oilfield services firm Petrofac, in a joint venture with Azerbaijan's SOCAR, has won a contract to support BP's Azeri Central East (ACE) project, in the Caspian Sea, offshore Azerbaijan.Under the contract valued at about $25 million, the Petrofac…
A group of environmental activists chained themselves in front of the Norwegian oil and energy ministry on Thursday to protest against the awarding of new oil exploration licenses in the Arctic.Carrying banners that said 'No to new oil' and…
Wind turbine maker Vestas said Thursday it had secured a firm order from Parkwind to deliver 27 V174-9.5 MW turbines for the 257 MW Arcadis Ost 1 offshore wind farm in the German Baltic Sea. The order confirms the fifth collaboration between…
Offshore wind farm developer Vattenfall has agreed to sell to BASF 49.5% in its offshore wind farm Hollandse Kust Zuid (HKZ) in the Netherlands. Once fully commissioned it will be the largest offshore wind farm in the world and also the first…
Norwegian floating solar tech company Ocean Sun is working to retrieve its floating solar power plant that sank in Albania earlier this month.As previously reported, Statkraft and Ocean Sun said the first of four Ocean Sun floating solar plants - covering 4…
The Danish Energy Agency on Thursday published the final tender conditions for the tendering of Thor Offshore Wind Farm, which will be the country's largest. 'With the publication, all the basic elements of the tender are in place, and the bidders…