A tax package to support Norway’s oil and gas industry as Covid hit looks set to yield “a wave of developments and projects” adding up to investment worth NOK350-400 billion ($41-47 billion) and equivalent to one and a half the size of the Johan Sverdrup field…
Offshore wind development firm Parkwind has this week said that its Arcadis Ost 1 offshore wind farm in Germany had reached a financial close.A group of nine lenders contributed about 570 million euros (about $681 million) to the 257MW Baltic Sea project…
Wintershall Dea Norge has awarded Saipem's Scarabeo 8 semi-submersible drilling rig a six-well drilling contract in Norway.The harsh-environment rig will drill the wells in the Norwegian part of the North Sea, with operations start-up slated for the fourth quarter of 2021…
Subsea technology companies Rovco and PanGeo Subsea have teamed up to respond to what they say is the offshore energy market’s growing need for a prompt and detailed understanding of the performance of subsea infrastructure such as anodes, CPS…
Italian oil and gas company Eni said Thursday it had signed an agreement with SKK Migas for cooperation on exploration activities in Indonesia. The memorandum of understanding defines the framework for further cooperation in the processing and…
Oil company Rex International said Thursday its subsidiary Lime Petroleum had on June 15 2021 agreed to acquire from Repsol stakes the Brage field and five nearby licenses in the North Sea, offshore Norway.The agreement includes the acquisition of Repsol’s 33…
Africa-focused oil company Vaalco Energy has signed a contract with offshore drilling firm Borr Drilling for the drilling operations at the Etame block, offshore Gabon.As part of Vaalco's 2021/2022 drilling campaign, Borr Jack-Up XIV, a Borr Drilling company…
Norwegian oil firm Equinor and its partners have agreed to extend the life of the Heimdal field platforms in the Norwegian part of the North Sea for longer than previously expected.The Heimdal field was discovered in 1972. It started production in 1985…
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition.Speaking at the…
Activity on the Norwegian Continental Shelf (NCS) is going to be high in the next few years, but views on the longer-term outlook differ as the balancing act over demand for energy and a need to reduce emissions – at an ever greater pace – is played out…
Offshore drilling contractor Japan Drilling Co., Ltd. (JDC) has secured an offshore drilling contract with North Oil Company in Qatar.JDC will provide its jack-up drilling rig Hakuryu-10 over a three-year contract at Qatar's giant offshore oil field Al-Shaheen…
China’s southern province of Guangdong, the country’s largest regional economy, plans to offer subsidies to offshore wind power projects, to boost lower-carbon investment and reduce emissions, an industry website reported on Tuesday.The subsidies…
The organizers of SPE Offshore Europe 2021, a UK event focused on offshore oil and gas as well as energy transition, have announced that the show’s face-to-face event is moving to 1-4 February 2022 at P&J Live, Aberdeen and the conference will run virtually from 7-10 September 2021…
Oil extended its run of gains on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories.The American Petroleum Institute reported U…
Australian oil and gas company Far has hired Stena Drilling's Stena IceMax drillship to drill the Bambo-1 well offshore The Gambia. The well is expected to be spudded in the fourth quarter of 2021.The Bambo-1 well in Block A2 is designed to drill into 3 prospects with a total estimated recoverable…
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