Lundin Petroleum announced it has made an oil discovery at exploration well 16/5-8s, targeting the Goddo prospect in PL815 approximately 14 kilometers south of the Edvard Grieg field in the Norwegian North Sea.Lundin Norway is the operator of PL815 with a 60% working interest…
Monterey Bay Community Power (MBCP) and Floating wind power developer Castle Wind, a joint venture between Trident Winds and EnBW North America, have signed a memorandum of understanding (MOU) to enter into a future, long-term power-purchase…
The owner and operator of floating production storage and offloading (FPSO) vessels BW Offshore has received a one-year contract extension for the lease of one of vessels from Vaalco Energy.The Oslo Stock Exchange-listed company said in a press…
London-based multinational law firm Linklaters has advised Green Investment Group (GIG) on the acquisition of a 40% stake in Iberdrola’s Scottish Power Renewables’ 714MW East Anglia One offshore wind farm.Once commissioned in 2020, it will be one of the world’s largest wind farms…
Offshore wind market growth predictions show accelerated growth in the next decade, with cumulative capacity ranging from 154 to 193 gigawatts (GW) by 2030.Long-range predictions suggest generating capacity in excess of 500 GW by 2050, according…
Norwegean provider of floating production services to the oil and gas industry BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company's plan to become an operator and not just a supplier of oil services…
Norwegian seismic player TGS-NOPEC Geophysical Company (TGS) has completed its acquisition of Spectrum, creating a global multi-client geophysical data provider.TGS first announced its intent to acquire Spectrum on 2 May 2019, said a press release from TGS…
Canada's Husky Energy said on Friday it will resume full production at its White Rose field off the coast of Newfoundland & Labrador, which was shut down last year after an oil spill in November 2018.White Rose production will ramp up to reach full rates of approximately 20…
London-headquartered energy services group Hunting said it has acquired the business and assets of US-based riser technologies manufacturer RTI Energy Systems (RTIES) for a total cash consideration of $12.5 million, funded from existing cash resources…
The Norwegian subsidiary of Polish state-controlled energy company PGNiG has received a permit to drill a wildcat well in the Shrek prospect, the Norwegian Petroleum Directorate (NPD) announced on Friday.Well 6507/5-9 S will be the first drilled in production licence 838 in the Norwegian Sea…
ExxonMobil is considering a sale of its assets in the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects.The world’s largest publicly traded energy company has held talks…
Equinor has exercised the fourth of six available one-month options to extend Prosafe's accommodation vessel Safe Boreas at the Mariner project in the UK sector of the North Sea to accommodate personnel working on Mariner in the hook up and early production phase through October 2019…
Maersk Drilling said its drillship Maersk Voyager has been hired by Kosmos Energy to drill the S-5 exploration well offshore Equatorial Guinea.The contract has been novated to Kosmos from Noble Energy after a one-well option was exercised on the rig’s current contract…
Suriname's state-owned oil company is planning a bond sale next year to finance offshore oil exploration, its chief executive said on Thursday, as it seeks to capitalize on growing hype over neighboring Guyana's looming oil boom.The company…
Norway's oil production fell 5.2% year-on-year in July to 1.447 million barrels per day, exceeding the official forecast for the month by 2%, Norway's Petroleum Directorate (NPD) said on Friday.Including condensate and natural gas liquids (NGL)…