Six oil and gas companies operating in the Dutch sector of the North Sea have signed a deal with subsea services firm Oceaneering for the decommissioning of Mud Line Suspension (MLS) wells in the Dutch North Sea.These wells were once drilled for exploration purposes…
PGS, a Norwegian seismic data company best known for its offshore oil and gas exploration services, is expanding into the carbon capture and storage arena with its second carbon storage survey deal announced in as many days.Namely, a day after…
A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's actions amount to a type of unlawful subsidy of the fossil fuel sector.The ruling…
Norwegian oil and gas firm Equinor has been awarded 26 new production licenses by Norway’s Ministry of Petroleum and Energy Award in Predefined Areas. In total, Norway has offered 28 companies ownership interests in a total of 53 offshore oil…
UKI-based offshore well plugging and abandonment specialist Well-Safe Solutions has appointed Mark Davison as the company’s Subsurface Team Lead, as the company expands the breadth of its service offering to include all aspects of subsurface plug and abandonment (P&A) design…
Norwegian energy major Equinor said on Wednesday it had cut the resource estimates for its Mariner oilfield in the British North Sea, triggering an impairment charge of around $1.8 billion.Total recoverable reserves from the field, which is operated by Equinor with a 65…
UK North Sea-focused oil and gas company IOG has hit a setback with the Southwark project drilling and has to move the Noble Hans Deul rig jack-up rig from the Southern North Sea drilling site due to the challenging seabed conditions.As previously reported…
Equinor and partner Wellesley report discovering oil in the Troll and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect. Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic meters of recoverable oil equivalent…
UK-based oil and gas company IOG has started drilling the first development well at the Southwark gas field in the UK North Sea.The Noble Hans Deul jack-up rig had mobilized from repairs in Dundee on December 3, 2021, and initially jacked up at the Southwark Platform on December 9…
UK-based energy industry engineering services firm Wood said Monday it had secured a series of UK North Sea contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum.Wood said that the contracts were collectively valued at around $160 million…
Norwegian energy group Equinor plans to sell a stake in its Martin Linge oilfield in the North Sea, hoping to raise more than $1 billion, industry and banking sources told Reuters.The sale is aimed at reducing Equinor's large stake in the field…
UK-based oil and gas company IOG is set to start drilling at the Southwark offshore field in the UK North Sea after a two-month hiatus caused by a problem with one of the offshore drilling rig's legs.IOG is focused on developing its Southern North Sea gas fields at the Saturn Banks Project…
James Fisher Subtech (JF Subtech), a provider of specialist technical marine support to the offshore energy industry, said Tuesday it had completed a subsea inspection, repair, and maintenance project on Ithaca Energy UK North Sea platform.The…
Bilfinger UK and Global E&C have, under the newly formed Torus BGP brand, secured 'a major' contract with oil and natural gas production company CNR International.The two companies will collaborate to deliver operations and maintenance, engineering…