Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country's portfolio.As part of Norway's efforts to shift its $1 trillion 'rainy day' fund away from oil…
Subsea 7 announced Thursday it has been awarded a contract for subsea pipelines and associated marine operations in the second phase of the large scale Johan Sverdrup project, in the Norwegian sector of the North Sea.The contract, awarded by…
Brazilian state-run oil firm Petroleo Brasileiro SA said on Thursday it received final proposals for shallow water fields Polos Enchova and Pampo that surpass $1 billion in value, according to a securities filing.The transaction is still subject to internal approvals…
A coalition of environmental groups on Tuesday filed a lawsuit challenging the U.S. Interior Department's rollbacks of safety measures put in place by the Obama administration in the aftermath of the fatal 2010 BP Deepwater Horizon oil spill…
The huge changes made in the industry since the downturn in 2014, through to the challenges that lay ahead and some of the solutions that could help solve them, were set out by a top tier line up ranging from oil major heads of macroeconomics…
Norwegian Prime Minister Erna Solberg underlined her and the government’s support for the offshore oil and gas industry, especially the subsea industry, in a keynote speech and visit to this year’s Underwater Technology Conference in her home town…
President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project -- which the United States has told European companies to avoid -- and warned Germany against being dependent on Russia for the fuel…
Australian-based engineering firm Worley said it has entered into a 50:50 joint venture with Brazilian services company Enaval.The new joint venture, Worley Enaval (WE) Integrated Solutions, combines Worley’s global engineering and brownfield…
US-based marine services firm C-Innovation (C-I) said it has been awarded a contract to perform riserless light well intervention (RLWI) activities for oil major BP in the Gulf of Mexico.C-I, an affiliate of Edison Chouest Offshore (ECO) and its family of companies…
US-based oilfield services provider Danos said it has been awarded multiple contracts from Shell to provide integrated operations on its Enchilada platform in the US Gulf of Mexico.Danos said its production, construction, scaffolding and coatings service lines are all working on the asset…
Complex macro-economic scenarios, electric vehicle growth and the value – and meaning – of digitalization were among the wide-ranging topics tackled during Day 0 at this year’s Underwater Technology Conference (UTC) in Bergen.Setting the scene…
Partners in the Sleipner field will disclose datasets from the world's first offshore carbon capture and storage (CCS) plant, in a push to advance innovation and development on the field of carbon dioxide (CO2) storage, Norwegian energy company Equinor announced on Wednesday…
Subsurface Imaging, part of CGG’s Geoscience division, has delivered a step-change in subsalt image quality over the Mad Dog field in the Green Canyon area of the US Gulf of Mexico.Fast access to high-quality images was critical to BP and partners…
Neptune Energy said it has awarded contracts to Rosenberg Worley for modifications on the Neptune operated Gjøa semi-submersible platform.The engineering, procurement, construction, installation and commissioning (EPCIC) contracts, awarded under…
Mexico's independent oil regulator on Tuesday approved deepwater exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the U.S. maritime border.The plans commit the Anglo-Dutch oil major to invest at least $397 million over the next four years…