Offshore Europe News - page 5

Executive Team Selected for New Offshore Wind Installation Firm

Sep 02, 2021

Offshore installation specialist Subsea 7 on Thursday announced the proposed executive team for Seaway 7, the company set to be created through the merger of OHT and Subsea 7's renewables business unit, as proposed in July 2021.Seaway 7, an offshore wind installation giant in the making…

Lundin Gets Nod to Start Up North Sea Field

Sep 02, 2021

Swedish oil and gas firm Lundin Petroleum has received approval from the Norwegian authorities to start up its Solveig field in the North Sea. offshore Norway.Expected to start production this autumn, Solveig will produce from subsea production facilities tied into the Edvard Grieg field…

EnQuest Lowers Output Guidance on Magnus Field Declines

Sep 02, 2021

Oil producer EnQuest on Thursday warned that annual output would be at the lower end of its previously forecast range, primarily owing to declines at its Magnus field in the UK North Sea, sending its shares down more than 7%.Production activity…

Retrofit: Eidesvik, Aker BP Partner Up to Cut Emissions from Existing OSV Fleet by 'at least' 70%

Sep 02, 2021

Norwegian offshore vessel owner Eidesvik and oil and gas firm Aker BP are developing a project which aims to reduce emissions from existing offshore supply vessels.The project called 'Retrofit' will evaluate various solutions for converting…

Kistos Hails 'Extremely Positive' Drilling Results in Dutch North Sea. Plans Wind Farm Buy

Sep 01, 2021

Energy firm Kistos on Wednesday said the initial results of an appraisal well at its block in the Dutch North Sea were better than expected with CEO describing the result as 'extremely positive.' The company also announced a wind farm investment deal…

Okea's Shares Rise after Norwegian Gov't Proposes Oil Tax Overhaul

Sep 01, 2021

Shares in Norwegian oil company Okea rose 4.7% at the opening of trading on the Oslo bourse on Wednesday, a day after the Norwegian government proposed changes to the petroleum tax system.The coalition led by Prime Minister Erna Solberg proposed…

Aker BP to Lower North Sea Discovery Size Estimate after Appraisal Well Disappoints

Sep 01, 2021

Aker BP is set to lower the size estimate of the 2019-made Liatårnet discovery in the Norwegian part of the North Sea, after the related appraisal well hit lower than expected hydrocarbon volumes.The company said that pending further analysis…

Danish Offshore Vessel Owner Looking to Recruit 50 Seafarers

Sep 01, 2021

Danish offshore vessel owner Esvagt is looking to recruit around 50 seafarers on the back of recently awarded contracts with energy giant TotalEnergies.'New long-term contracts with TotalEnergies on seven vessels for operations in the North…

Norway Proposes Overhaul of Petroleum Tax System

Aug 31, 2021

Norway's government has proposed overhauling taxation of its oil and gas firms by scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country's top industry…

Jersey Oil & Gas Delays Greater Buchan Plans to Allow for Electrification Studies Completion

Aug 31, 2021

Jersey Oil & Gas, a UK-based company that is working to build its Greater Buchan Area oil production hub project in the UK North Sea said Tuesday it would delay the first oil date to allow for regional electrification studies to be completed…

PHOTO: Heerema's Sleipnir Installs First Tyra Topsides

Aug 31, 2021

Heerema Marine Contractors' giant semi-submersible crane vessel Sleipnir has lifted and installed the first new topside for TotalEnergies' Tyra redevelopment in the Danish North Sea.Noreco, TotalEnergies' partner in the project, shared the photos of the installation via social media on Tuesday…

INEOS Buys Hess' Denmark Assets for $150M

Aug 30, 2021

INEOS E&P has completed the acquisition of Hess' subsidiary Hess Denmark for $150 million. Hess will use the proceeds to fund its projects in Guyana.With the acquisition, first announced in March, INEOS has become the owner of 61.5% of the Hess-operated Syd Arne oil field…

Spirit Energy to Decommission Another North Sea Oil Field

Aug 30, 2021

UK-based oil firm Spirit Energy is set to decommission another oil field in the UK North Sea.Just days after receiving approval for the decommissioning plan for its Ensign field, Spirit Energy said Monday it would file a decommissioning program for its Chestnut field in the Central North Sea…

New Tyra Topsides, Bridges Reach Danish North Sea

Aug 30, 2021

Big Roll Beaufort heavy transportation vessel, loaded with topsides destined for TotalEnergies' Tyra Phase 2 development off Denmark, reached the Danish North Sea on Sunday morning after a long journey from Singapore.Singapore's offshore platform…

Prosafe Has to Pay $53M to Westcon for Rig Conversion. Court Dismisses Appeal

Aug 27, 2021

Prosafe, an Oslo-listed offshore accommodation rig provider, has to pay around $53 million to Westcon yard as its appeal over an April court ruling related to a dispute concerning the conversion of one of its flotels was dismissed.Stavanger…

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