Oilfield engineering and construction company Global E&C has said it has acquired 100% share capital in commissioning specialists Magma.Global E&C was formed in March 2019, following the majority acquisition of Apollo by Global Energy Group…
Norwegian offshore vessel owner Island Offshore has informed that its Island Victory installation vessel – delivered in February – has finished mobilizing for its first campaign in the Barents Sea.Island Offshore said that the versatile vessel…
Output at Norway's Johan Sverdrup oilfield will rise to 433,000 barrels per day (bpd) in April from around 350,000 bpd at the end of last year, according to a schedule seen by Reuters which operator Equinor shared with oil traders. The first…
Brent oil prices steadied on Wednesday, paring early gains as markets assessed whether deeper output cuts by major producers would be enough to offset the impact of the coronavirus outbreak. Brent crude was down by 1 cent at $51.85 a barrel at 0915 GMT…
The Norwegian energy company Equinor has received a regulatory consent to use the Topaz modular drilling rig at the Heimdal field in the North Sea, offshore Norway. More specifically, the Petroleum Safety Authority Norway has given its approval for the Equinor to install…
North Sea-focused oil and gas company Spirit Energy has signed an agreement to divest two non-core Danish assets to INEOS.Spirit Energy will, as part of the deal, sell to Ineos two of its companies with licenses in Denmark. The two companies jointly own 40% in the Hejre discovery and 27…
February 2020 was a record month for offshore wind energy production in the Belgian sector of North Sea, the Belgian Offshore Platform has informed.According to the industry body also known as BOP, offshore wind turbines in Belgium reached 804…
Offshore wind turbine installation company Fred. Olsen Windcarrier has ordered a Huisman crane for one of its jack-up units.Huisman, based in Schiedam, The Netherlands, said Monday it would supply a 1,600mt Leg Encircling Crane, capable of installing…
Wintershall DEA Norge has received consent to used the Island Constructor well-intervention vessel at its Vega and Maria offshore fields in Norway.The Petroleum Safety Authority Norway said Monday that its consent applied for the use of the…
Offshore energy stocks, about 34 of them, soared in value on Monday, as investors ignored corona-virus fears and heeded instead a number of U.S. and Norwegian market reports.Shares in Northern Drilling soared 31.48 percent by mid-morning in Oslo (before settling 12 percent up)…
A J.F. Lehman & Company affiliate has completed the acquisition of Global Marine Group, a provider of subsea cable installation and maintenance services to the telecommunications, offshore renewables, utility and oil & gas industries.Global…
Jumbo has been awarded a contract to support DEME Offshore in its scope of work on Ørsted’s Hornsea Two offshore wind farm. Jumbo’s scope of work in the project is the provision of transportation for 165 monopiles from Rostock to Eemshaven and…
Equinor and partner Neptune have struck oil in the Sigrun East prospect in the central part of the North Sea. Recoverable resources are estimated at between 7 and 17 million barrels of oil equivalent.Exploration wells 15/3-12S and 15/3-12AT2…
Europe has expanded its offshore leadership by adding 3.6 gigawatt (GW) of new commissioned capacity in 2019, bringing the total offshore wind installed capacity at the end of 2019 to above 22GW.According to the recent report of GlobalData, spreading across 12 European countries…
The Polish Wind Energy Association (PWEA) and the Polish Offshore Wind Energy Society (PTMEW) have announced plans to form a cooperation agreement for offshore wind energy in Poland modeled on the UK's Offshore Wind Sector Deal concluded in March 2019…