Oil and gas company Spirit Energy has received consent for the extended use of the facilities on the Vale offshore field in Norway.The Vale gas field is located in the North Sea, 16 kilometers north of the Heimdal field. The field is developed…
Russia's largest oil producer Rosneft on Friday reported first-quarter net income of 149 billion roubles ($2 billion), buoyed by a recovery in oil prices, after a $2.1 billion loss a year earlier.Earnings at the group, which is around one-fifth owned by BP…
Oil and gas company Rockhopper Exploration said Friday that it had received notice that a final decision in its arbitration against Italy over the Ombrina Mare Field in the Adriatic Sea could come in July.The oil company started arbitration…
Independent Oil and Gas (IOG), the UK-based company developing gas fields in the North Sea, said Friday it had signed a collaboration agreement with GeoNetZero CDT to explore carbon capture and storage opportunities.GeoNetZero CDT is Heriot-Watt University's Centre for Doctoral Training…
Scotland-based OGTC has extended its latest Call for Ideas to June 14, with the organization set to invest up to £1million (around $1,4 million) 'in game-changing technologies which will accelerate Hydrogen production, transportation, storage and utilization…
Equinor Ventures, oil firm Equinor's corporate venture arm dedicated to investing in ambitious early phase and growth companies, has signed a Letter of Intent (LOI) with f3nice, an Italian additive manufacturing company. F3nice’s technology…
Teekay's Petrojarl Banff FPSO completed its final voyage on May 8, 2021, and is now moored alongside the Modern American Recycling Services Europe A/S (MARS) quayside in Frederikshavn, Denmark in preparation for recycling.The decommissioned FPSO…
Offshore accommodation provider Prosafe has decided to appeal an April 15 ruling by a court in Norway, ordering it to pay 465 million Norwegian crowns to shipyard Westcon for conversion work on one of its floatels, overturning a 2018 ruling in favor of Prosafe…
Fires that crippled two Equinor plants in Norway last year were caused by both technical and human errors, the energy company said on Wednesday, promising to hire and train more staff.A blaze last September at Hammerfest LNG, Europe's only large-scale liquefied natural gas plant…
French oil services group CGG posted a 71% plunge in first-quarter core profit on Wednesday, reflecting a year of drastic spending cuts by the oil industry in the pandemic and sending its shares sharply lower.In a call with analysts, CEO Sophie Zurquiyah said the quarter had been slow as expected…
Oslo-listed offshore vessel operator DOF said Tuesday it had won several contracts in the UK and Norway, but did not share details on the clients and the value.These include turnkey subsea projects within Inspection, Maintenance & Repair (IMR)…
Public Power Corp. (PPC), Greece's biggest electricity utility, is seeking to form partnerships in offshore wind, a top executive said on Tuesday, as the country works to reduce its carbon emissions.The utility wants to shut down all but one…
The Government of Canada has approved funding for Waterford Energy Services Inc. (WESI) and Saitec Offshore's project designed to power offshore drilling rigs using a plug-and-play renewable energy solution.The funding program aimed to support…
Offshore drilling company Dolphin Drilling has secured a Letter of Intent with Wellesley Petroleum for the drilling of an HPHT exploration well on the Norwegian Continental Shelf using the Borgland Dolphin semi-submersible drilling rig.Bjørnar Iversen…
Norwegian offshore vessel operator Eidesvik Offshore has obtained a charter for its seismic vessel Veritas Viking.The charter for the Veritas Viking, according to the Oslo-listed company, is for 130 days, including transit. The contract is with an unnamed third-party operator…