Services company Subsea 7 said it has secured a contract from Shell for the Pierce depressurisation project in the UK North Sea, located approximately 160 miles offshore, east of Aberdeen.Shell announced it has taken financial investment decision (FID) for the project on Thursday…
Operator Shell and its partner Ithaca Energy have taken final investment decision (FID) to upgrade the Pierce oilfield in the UK North Sea so that it can produce natural gas, Shell said on Thursday.The depressurization project involves modifying the existing floating production…
After a week that saw Norway announce a record number of oilfields in operation and support for the UN Climate Change Committee’s new report, there’s a paradoxical window of opportunity for offshore suppliers offering increments of “green” savings…
Norway's Equinor has agreed to sell a 25% stake in Germany's Arkona offshore wind farm for around 500 million euros ($547.85 million), almost doubling the value of its investment, the company said on Thursday.The buyers are funds advised by Credit Suisse Energy Infrastructure Partners…
Dolphin Drilling sad it has secured a contract with AS Norske Shell in Norway for its Borgland Dolphin semi-submersible drilling rig to support the drilling and completion of a gas producer well on the Knarr field starting in early 2020.The…
The 9,200-metric-ton jacket for the new Peregrino C platform has been loaded out at the Heerema fabrication yard in Vlissingen, the Netherlands, and is being fasted to a barge for sail away to the Equinor-operated Peregrino field offshore Brazil…
Partners in the UK North Sea Isabella prospect will begin drilling a first trial well in October, one of the project stakeholders Ithaca announced on Wednesday.Drilling of the Isabella-1 well (30/11a-7) is expected to continue for six months…
Norway's $1.1 trillion sovereign fund will divest companies solely dedicated to oil and gas exploration and production in a bid to shield itself from a long-term fall in oil prices, the finance ministry said late on Tuesday.The move will partly…
Norwegian authorities have given operator Aker BP the go-ahead to start up the Valhall West Flank facility in the North Sea this autumn.West Flank, a further development of the Valhall field, is an unmanned facility with 12 well slots, and it…
Norwegian energy company Equinor said it will use the new Hydrone all-electric wireless underwater intervention drone (UID) and remotely operated underwater vehicle (ROV) technology from Italian services firm Saipem at the Njord Field development…
Offshore drilling contractor Valaris on Tuesday announced a group of new global contracts and contract extensions, with associated revenue backlog of approximately $245 million. The latest batch of contracts, which includes work in several continents…
Harland and Wolff, the Belfast shipyard that built the Titanic, has been sold by owner Dolphin Drilling to infrastructure specialists InfraStrata for £6 million ($7.3 million), saving the facility from closure, InfraStrata said on Tuesday.Harland and Wolff's multipurpose fabrication facility…
Wintershall Dea has agreed to sell its stakes in Norway's Nyhamna gas processing terminal and the Polarled gas pipeline to CapeOmega and Solveig Gas to focus on its upstream oil and gas activities, the German oil and gas company said on Tuesday…
Danish offshore wind engineering and consulting company Head Energy Group has established Head Energy Germany GmbH in Hamburg as part of the expansion of its offshore wind business.Head Energy Germany GmbH will be administrated by Head Energy’s offshore wind experts in Esbjerg…
North Sea oil producer Chrysaor completed on Monday a $2.675 billion acquisition of ConocoPhillips' British North Sea oil and gas business, cementing the private equity-backed firm's position as one the basin's top producers.The Conoco assets will add around 72…
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