A strike by oil workers in Norway could cut output from western Europe's biggest oil producer by almost a quarter, operators have warned, though the striking union said a resolution remained possible.Widening strike action raised the prospect…
Oil and gas company Neptune Energy is increasing its stake in an offshore license in Norway which contains the Dugong oil discovery, dubbed Norway's largest oil find so far this year. The company hopes to submit the field development plan in 2022…
Russian oil company Lukoil has signed an agreement with the Kazakh oil firm KazMunayGas over the future obligations of the two companies on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea.Al-Farabi license block is located in the Kazakh Sector of the Caspian Sea…
Italian oil and gas company Eni has received a carbon dioxide (CO2) appraisal and storage license (CS license) in an area located within the Liverpool Bay area of the East Irish Sea.Under the license awarded by the UK Oil and Gas Authority (OGA)…
Offshore wind turbine maker MHI Vestas Offshore Wind has said it has moved into Able Seaton Port (ASP) as preparatory works begin for turbine installation of the Triton Knoll Offshore Wind Farm in the UK.'MHI Vestas has moved in to Able Seaton…
Maritime classification society and technical services provider Lloyd's Register Group (LR) has agreed to sell its Energy business unit to Inspirit Capital, a London-based investment firm.LR said that the agreement followed a review of LR’s business portfolio and strategic direction…
UK-based ROV services provider ROVOP has said it has delivered its first remote platform-based inspection, repair, and maintenance workscope, 'effectively reducing the number of personnel required offshore,' on Premier Oil's Balmoral floating production vessel in the UK North Sea…
Equinor, Norway's largest oil company, said Tuesday that the Covid-19 pandemic and weakened Norwegian krone have negatively impacted some of its offshore development projects in Norway, however, the company said that its 'combined project portfolio is still very resilient…
Norway's Lederne labor union will expand its ongoing oil strike from Oct. 10 unless a wage bargain can be reached in the meantime, it said on Tuesday, confirming a statement from the country's state-appointed wage mediator.Six offshore oil and…
As London-listed Premier Oil and UK North Sea focused Chrysaor announced their proposed all-stock merger this week, creating one of the largest UK North Sea oil and gas producers, Global Data analysts think the deal is a 'win-win.'As reported Tuesday…
Decommissioning the UK’s offshore oil and gas infrastructure will cost the taxpayer £24 billion, according to estimates from HMRC. So why can’t we leave man-made structures in the sea and thereby save the cost of removal and recycling? That would be a big win for the public purse…
French energy giant Total has entered the floating wind farm business in France with the acquisition of a 20% stake in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle…
Norway's Lederne labor union has made a new proposal to oil companies to try to resolve a dispute over wages and end a strike that has cut the country's petroleum output capacity by about 8%, the union told Reuters on Tuesday.Six offshore oil…
The UK has set an ambitious target of having offshore wind farms provide more than enough electricity to power every home in the country by 2030, based on current electricity usage. This boosts the government’s previous 30GW offshore wind target to 40GW…
Australian oil and gas company Karoon Energy expects to complete the acquisition of the Bauna offshore field from Petrobras by the end of the month.The company, which in July 2019 agreed to buy a 100% stake in the Baúna offshore oil field, in the southern Santos Basin…
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