Oslo-listed company Magnora plans to use the cash generated from oil and gas production at the Western Isles and Penguin offshore projects for renewable energy investments. Magnora, formerly known as Sevan Marine, was formed in 2018 following…
Cost increases and uncertainty in Nigeria's crucial energy sector could lead to a 35% decline in oil output over 10 years as companies delay investments in key oilfields, consultancy Wood Mackenzie said in new research due to be published on Friday…
Australian oil and gas company Far has lost a case against its compatriot Woodside in which it challenged Woodside's acquisition of ConocoPhillips' stake in the SNE field off Senegal in 2016, claiming pre-emption rights. The field is now known as Sangomar…
Vantage Drilling has signed an agreement in Egypt to train local workforce in the space of offshore drilling.A Memorandum of Understanding has been signed by Ihab Toma CEO of Vantage Drilling, Osama El Bakly, Chairman of Egyptian Natural Gas…
Israel's Energy Ministry said on Thursday it limited production at the new Leviathan natural gas field to 60% after a malfunction was discovered in the project's subsea pipeline.The Leviathan partners said in a statement there was no malfunction…
Paris-based geophysical firm CGG announced that Total has renewed its contract to operate the oil major’s Dedicated Processing Center (DPC) in Pau, southwest France, for five years from January 2020.The two companies have been working in close collaboration at the DPC since 2006…
Ashtead Technology, the provider of technically advanced subsea solutions, tools and systems, has completed subsea installation monitoring work to support the Northern Lights Carbon Capture Storage project (CCS) in the North Sea.The Global subsea…
The BorWin3 offshore wind grid connection project in the German North Sea has been handed over to the German/Dutch transmission grid operator TenneT, by contractors Siemens and Petrofac.The 900 MW project will convert three-phase electric power…
Port of Blyth, one of the UK’s leading offshore energy support hubs, and its partner, Energy Central, has supported the announcement from the UK Government of a 10-week consultation on its ‘freeports vision’.The Port of Blyth and businesses…
European transmission system operator TenneT has announced plans to build two 2 GW offshore grid connections in the IJmuiden Ver wind energy area, having entered into a so-called 'innovation partnership' with its suppliers.Given the combination…
Ireland-focused oil company Providence Resources is on the lookout for a new farm-in partner for its Barryroe field following a botched farm-in saga with China's APEC.Providence said Thursday that its subsidiary Exola DAC, which is the operator…
The global offshore wind farms (OWF) that are set for start-up this year will make 2020 the year with the highest ever use of steel jacket foundations for new developments, Norwegian energy intelligence firm Rystad Energy said in a report on Thursday…
While much focus on resident subsea vehicles has been about the vehicles, there’s also been a lot of focus behind the scenes on creating electric tooling. The industry has relied on hydraulic tooling since tooling has been used, with the benefits and drawbacks that come with it…
North Sea private equity player, Hitecvision — the firm behind the rise of well-known E&P players and suppliers — has decided to bundle 20 of its oilfield suppliers into a well-capitalized industrial group with other-than-offshore aims.Hitec said the offshore suppliers would live on in a new…
Malawi’s 2019 Presidential election was annulled early this year by the Constitutional Court with directions to Malawi Electoral Commission asked to hold a fresh poll in five months. The question in the minds of many in the oil and gas exploration…