Creditors of Premier Oil have extended a waiver for the group's debt covenant test until Nov. 5, Premier said on Thursday, granting it breathing space to avoid an immediate debt crunch and work on a longer-term plan.Premier needs to convince…
Norway's Lederne labor union said on Wednesday it would escalate an oil workers' strike from Oct. 4 to four additional offshore fields.Several dozen workers went on strike on Wednesday at Norway and western Europe's largest oilfield, Johan Sverdrup…
France's Total on Wednesday said it would hike its annual investments in renewable energy and electricity by 50% as it cuts its reliance on oil and aims to become a major low-carbon power producer.Faced with gloomy long-term prospects for oil demand…
Oilfield services company Baker Hughes has launched a vessel-deployed subsea wellhead cutting system called the Terminator.In what Baker Hughes says is 'a first-of-its-kind mechanical wellhead removal method', the Terminator system has already…
Equinor said on Wednesday it was maintaining production at western Europe's largest producing oilfield despite a strike by some workers but risked a wider labor conflict this week.Some 43 workers are on strike at the Johan Sverdrup field after…
Oil workers organized by Norway's Lederne labor union will go on strike on Wednesday following a breakdown of wage talks, cutting Norway's crude output capacity by up to 470,000 barrels of oil per day (bpd), the union and employers said.The…
Russian firm Sovcomflot has returned the offshore seismic vessel Ivan Gubkin to its owner Polarcus.The 14-streamer 3D seismic vessel - originally named Polarcus Amani - had been on a charter with Sovcomflot since 2017 and should've stayed with Sovcomflot for five and a half years…
Lundin Energy has raised its reserve estimate for Norway's Edvard Grieg oilfield by 50 million barrels of crude, an increase of 17%, and boosted output plans for the coming years, the Swedish company said on Tuesday.So-called plateau production…
Norwegian energy intelligence company Rystad expects that the market demand for large-diameter offshore pipelines, known as trunklines, will see an annual drop of 26% this year.According to Rystad, the length of total installations this year is forecasted to reach 2…
Norwegian oil and gas company Equinor has discovered oil and gas at its Swisher prospect in the North Sea, offshore Norway.Recoverable resources are estimated to be in the range of 2-6 million standard cubic meters of oil equivalent, or around to 13-38 million barrels of oil equivalent…
A fire at Equinor's Melkoeya liquefied natural gas (LNG) plant in the north of Norway halted output on Monday but caused no injuries, police and the company said.Images on local media showed plumes of smoke rising from the plant, but the fire was eventually put out…
Wenche Nistad, CEO of the Norwegian Export Credit Guarantee Agency (GIEK) pulls no punches in assessing the appetite for investment in traditional offshore oil and gas today: “The money has disappeared; nobody wants to invest in oil and gas anymore…
UK-based engineering company Sea and Land Project Engineering (SLPE) has won the bid for the provision of a wind turbine foundation concept design for the Inch Cape offshore wind farm in Scotland, UK.The Inch Cape offshore wind farm project is being developed by Red Rock Power Limited subsidiary…
Renewables giant RWE has, together with its partners, signed agreements in the UK to expand the existing offshore wind farms Gwynt y Môr, Galloper, Greater Gabbard, and Rampion. The granted seabed leases comprise extension projects with a combined potential installed capacity of around 1…
Wintershall Noordzee has completed the drilling of a well at the Sillimanite South field discovery in the Dutch North Sea, and converted it into a development sidetrack.It was the third well drilled in sequence after the two Sillimanite Unit…
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