Independent oil firm DNO swung to a third-quarter loss amid writedowns on assets in the North Sea and northern Iraq, the Norwegian company said on Thursday.The company's third-quarter loss came in at $140.9 million from a year-ago profit of $98…
Schlumberger said its subsea technologies division OneSubsea has secured a frame agreement with A/S Norske Shell for an engineering, procurement, construction and installation (EPCI) contract for the supply of a subsea multiphase compression system for the Ormen Lange field in the Norwegian Sea…
The International Court of Justice has delayed to early November the hearing of the maritime border dispute between Kenya and Somalia and hence delaying further the earlier approved offshore oil and gas exploration activities by both countries…
As global oil firms make ever-bigger bets on Brazil's massive deepwater fields in its 'subsalt' area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country's crude…
Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, are due on Nov. 7 and are likely to target specific assets rather than the whole company, four industry sources said.The list…
Swedish oil firm Lundin Petroleum , a partner in Norway's giant Sverdrup oilfield, posted a smaller-than-expected decline in third-quarter earnings on Thursday, while raising output forecasts and cutting capital spending guidance.Earnings before interest…
A new DNV GL recommended practice (RP) aims to help the oil and gas sector to deliver more cost-efficient and environmentally friendly subsea processing for improved hydrocarbons recovery. DNVGL-RP-F303 Subsea pumping systems provides a comprehensive…
Norwegian energy company Equinor today, on behalf of the Gullfaks and Snorre partners, signed contracts totaling around NOK 3.3 billion ($358.6 million) for the Hywind Tampen wind farm development.The contracts have been awarded to Kværner AS…
Maersk Drilling said it has entered into a contract with Serica Energy UK Ltd. to drill a subsea development well at the Columbus Development in the Central part of the UK North Sea. The contract value is $8 million.The contract is expected to commence in the fourth quarter of 2020…
Seaway 7, Subsea 7's renewables and heavy lifting business unit, has won a contract from Jan de Nul for the Formosa 2 Offshore Wind Farm project in Taiwan.The contract scope includes the transportation, pre-piling and installation of 47 jacket foundations for wind turbines…
Offshore drilling contractor Dolphin Drilling announced a two-month contract extension with i3 Energy for use of the Borgland Dolphin semi-submersible drilling rig and agreed to enter into a four-year strategic operations agreement between both companies…
Norwegian offshore support vessels company Simon Mokster Rederi said that it has sold the 3,000-dwt platform supply vessel (PSV) Stril Neptun to Greek interest for work outside the offshore shipping segment.Stril Neptun was delivered back in…
International exploration & production (E&P) are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.Rystad Energy has evaluated all offshore oil fields sanctioned…
A consortium led by Boskalis Nederland and Bouygues Travaux Publics has won a contract from the Occitanie/Pyrenees-Mediterranee region of France for the expansion of Port-La-Nouvelle in the south west of the country that will lead to offshore wind development…
Swiss technology company ABB ABB has won a big contract to connect the world’s largest offshore wind farm (OWF) to Britain’s electricity grid.ABB has been selected by energy companies SSE Renewables of the UK and Equinor of Norway to supply…