Norway’s preliminary natural gas output exceeded official forecasts, while oil production was in line with expectations, data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output slipped 0.6% from December to 1.8 million barrels per day (bpd) in January but was 9…
Oil major BP is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney’s plan to shift to renewable energy following a bruising year of mass layoffs, bonus suspensions, and spending cuts.The distribution of the shares…
Russian oil company Lukoil is still working to obtain a share in the offshore block in Senegal containing the Sangomar development, after its first attempt last year to buy Cairn's share in the project was blocked out by Woodside, which exercised its pre-emption rights as a partner in the block…
Oil and gas firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022, a national statistics office (SSB) survey showed on Wednesday.The biggest sector in Norway now expects to invest 173…
Marine seismic data acquisition company Shearwater GeoServices has won a contract with Petrobras for deepwater Ocean Bottom Node seismic acquisition for the Tupi and Iracema projects in the Santos Basin offshore Brazil.'This will be the largest OBN seismic survey in Brazil…
SeaTwirl, a Swedish company developing vertical-axis floating wind turbines, has said that it has been granted a patent by the Japanese Patent Office for its divisible wind turbine. According to the company, the patent protects a solution where…
The European Union's executive will push for a 10-year phase-out of the protection for fossil fuels under an international energy treaty, following calls from some countries to quit the accord unless it can be aligned with Europe's climate goals…
Norway's Aker Solutions has secured a letter of intent from Equinor to carry out the topside work on the Troll B and C platforms offshore Norway to prepare them for power from shore, in order to reduce the CO2 emissions.Aker Solutions said the contract was very large…
Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift Europe out of a coronavirus recession.The…
AGR, Norway-based well engineering, drilling project management, and reservoir management firm, has signed an agreement to provide advisory services to Gassnova, in the area of carbon capture and storage.The Norwegian state-owned Gassnova acts…
Tekmar Group's Pipeshield International has launched a new subsea grouting division, which the company says will strengthen its range of subsea protection, support, and stabilization solutions.'The introduction of a new Grouting Division builds…
Aberdeen-based offshore energy mooring solutions provider First Marine Solutions (FMS), said Tuesday it had invested in a new office and workshop premises to bolster its survey and positioning services. It has also made new appointments.The…
Norwegian offshore seismic services company Axxis Geo Solutions will file for court-protected restructuring, it said Tuesday.Axxis said it had not been able to reach an agreement with all creditors in order to implement a voluntary solution to refinance the company…
Shares in Technip Energies skyrocketed on Tuesday, the first trading day after Franco-American oilfield company TechnipFMC split its engineering and construction activities from its upstream oil services business.Shares were up 31.5% at 11.83 euros at 0901 GMT ($14…
UK-based energy services company Three60 Energy has appointed Garrie Scott as Projects Director in its Engineering, Procurement, Construction and Commissioning (EPC&C) service line, and has outlined plans to recruit 50 people over the next 12 months…