Crown Estate Scotland, manager of Scotland’s seabed, has announced the launch of the first round of offshore wind leasing in Scottish waters for a decade.The round, called ScotWind Leasing, enables companies at the cutting edge of offshore renewables…
Norwegian oil and gas operators Wintershall DEA Norge and Equinor have signed a supply vessel sharing agreement.Under the agreement, the two companies will collaborate in supplying platforms close to Wintershall's Brage platform in the North Sea…
Norwegian oil company Equinor has extended helicopter services contracts with offshore helicopter operator CHC in Norway.CHC said Tuesday the extensions with Equinor were for both the Tampen/Oseberg and Heidrun contracts for one year, effective from September 2020 to August 2021…
Italian offshore services company Saipem has completed offshore installation works in the Adriatic Sea at the Trans Adriatic Pipeline (TAP) project.TAP will transport natural gas from the giant Shah Deniz II offshore field in the Azerbaijani sector of the Caspian Sea to Europe…
Norwegian energy company Equinor has made an investment decision to partly electrify the Sleipner field in the North Sea, offshore Norway.Equinor, with its partners Vår Energi, LOTOS and KUFPEC on Tuesday filed a revised plan for development and operation to the authorities…
Greece and Italy will sign an agreement on maritime boundaries during a visit by Italy's foreign minister to Athens on Tuesday, the Greek Foreign Affairs Ministry said.The deal follows months of tensions in the Eastern Mediterranean region over natural resources…
British oil major BP will lay off 10,000 people by the end of the year in a move to cut costs, the company's CEO Bernard Looney said in a social media post on Monday.Looney said: 'The oil price has plunged well below the level we need to turn a profit…
Norwegian oil company Aker BP has ordered the topside and steel substructure from Kvaerner for the normally unmanned wellhead platform at the Hod field. Kvaerner said the deal means that laid-off staff would return to work at its Verdal yard…
Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary…
Norway's parliament has agreed to give additional tax breaks to the oil industry on top of those proposed by the minority government in a bid to spur investment and protect jobs, the ruling Conservative Party said on Monday.Equinor and other oil firms…
Norway's subsea pipeline repair and tie-in solutions provider Connector Subsea Solutions (CSS) has completed the acquisition fo Isotek Oil and Gas for an undisclosed fee.CSS said the purchase would bring Isotek’s remote welding technology to…
Norway, Western Europe's largest oil producer, has no plans to modify its existing plans for production cuts, following the OPEC+ group's agreement to extend a deal on record output cuts to the end of July, the oil ministry said on Monday.On Saturday…
Tidal energy developer Minesto has completed the first offshore installation phase of its tidal energy project in the Faroe Islands, as the gravity-based foundation for the powerplant has been installed at the site in Vestmannasund.David Collier…
The UAE-based offshore construction company Lamprell will build 30 substructures for Seagreen offshore wind farm in Scotland. The Letter of Award was awarded by Seaway 7, the Renewables business unit of Subsea 7, the lead engineering, procurement…
Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high in May.Brent crude was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while U…