Italian based offshore services company Saipem said it has netted new offshore drilling contracts in Romania and Abu Dhabi worth over $160 million combined.Under one of the contract awards, Saipem will drill a well in Romania’s Black Sea waters using the semi-submersible rig Scarabeo 9…
The seabed landlord Crown Estate has presented a revised tender design for offshore wind leasing round 4 for offshore wind sites off England, Wales and Northern Ireland. The UK Crown Estate holds rights to seabeds around British Isles for wind and wave power…
A new Emergency Response Plan for Greece's offshore hydrocarbon installations has been developed through cooperation between Hellenic Hydrocarbon Resources Management (HHRM) and Lloyd’s Register.The first draft of the plan, which sets the response…
Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana approves the development plan of its Pecan oilfield, the CEO said.The company, controlled by Norwegian billionaire Kjell Inge Roekke…
Installation of the first turbine has started at the 25MW WindFloat Atlantic floating offshore wind farm off Portugal.The Windfloat Atlantic floating wind wind power project belongs to the Windplus consortium, which is jointly owned by EDP Renováveis (54…
Britain's Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent (boe) from $13 and expects debt reduction to reach the upper end of its $250-$350 million target by year-end.Premier, which had debt of around $2…
Oil firm Okea on Wednesday reported higher core earnings for the second quarter in its first-published quarterly report since its debut on the Oslo Stock Exchange.Company's earnings before interest, tax, debt and amortization (EBITDA) came in at 594 million crowns ($69…
Cyprus on Tuesday rejected a Turkish Cypriot proposal that the two communities cooperate in the search for gas off the island, saying it was a diversion technique to real negotiations on ending the division of the country.'The proposal of the Turkish Cypriot leader…
Production from the Trestakk subsea field on Haltenbanken in the Norwegian Sea started on July 16, the field's operator Equinor announced. Tied back to the Åsgard A floating production vessel, the field has estimated recoverable resources of 76 million barrels of oil…
It might be peak IPO season (Forbes), and technology investors may be looking elsewhere (say fintech), but two years of venture capital investments in the North Sea are rounding on stranded North Sea value.The old investor pattern of looking…
The Norwegian subsidiary of Polish state-owned PGNiG said it has acquired a stake in the Neptune-operated Duva field currently being developed in the Norwegian North Sea.PGNiG Upstream Norway said it acquired 20% shares in the field – PL 636…
Power production from German North Sea wind farms from January to June totaled 9.51 terawatt hours (TWh), 16% more than in the same 2018 period, grid company TenneT GmbH said on Monday.TenneT, the German arm of the bigger Dutch transmission network group…
Turkey will continue drilling for gas in waters off Cyprus if the internationally recognized Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara's foreign minister said on Sunday.Mevlut Cavusoglu…
Power cables manufacturer NKT announced it has been awarded a contract to supply the high-voltage power cable that will connect the Edvard Grieg oil and gas production platform to the Johan Sverdrup field center in the Norwegian sector of the North Sea…
Norwegian oil firm Aker BP said it would slightly increase its capital and exploration spending this year as it reported second-quarter results that fell year-on-year.Aker's net income fell to $62 million in the quarter from $128 million a year earlier…