Petrofac announced on Tuesday that its Engineering and Production Services (EPS) business has been awarded two operations and maintenance (O&M) contract extensions for long-standing clients worth a combined value of approximately $32 million…
Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country's statistics agency (SSB) showed on Tuesday.Higher investment raises the prospect of further interest rate hikes by Norway's central bank…
Whatever its investments in wind, Equinor on Monday received a much anticipated greenlight to drill for oil in a mature quadrant of the North Sea, where success with the drill bit could again change field economics for the giant Johan Sverdrup field — and other…
Survey and positioning services provider iSURVEY informs it has been awarded a contract to perform a drilling hazard survey campaign in the North Sea and in the Barents Sea, on behalf of Lundin Norway.Work commences in June, with a seabed geological…
While the offshore market is starting to show some positive signs, some vessel owners and operators in the sector continue to suffer.Utilization and rates for offshore supply vessels (OSV) have improved in 2019, particularly in the North Sea…
Teekay said it has entered into an agreement with Canadian Natural Resources (CNR) to extend the employment of the Petrojarl Banff FPSO unit on the Banff field in the UK North Sea for a period of one year to the end of August 2020.According to Teekay…
UK-based oil and gas exploration and production company Zennor Petroleum said drilling and testing operations have been completed at its operated Finlaggan field development in the UK Central North Sea.The development project is targeting 30mmboe…
Norway's oil production fell 8.8 percent year-on-year in April to 1.38 million barrels per day, lagging the official forecast for the month by 0.6 percent, Norway's Petroleum Directorate (NPD) said on Wednesday.Including condensate and natural gas liquids (NGL)…
Integrated subsea and offshore solutions provider Unique Group has appointed Matthew Gordon as regional vice president for the Europe & UK to oversee the company’s growth and expansion plans in the region. He will be based in Aberdeen, UK.With offices in the UK and the Netherlands…
Subsea robotics specialist ROVOP announced Tuesday it has opened a new office in Rotterdam to support to mainland Europe based clients and further strengthen the company's position in the market.The newly appointed Business Development Manager in the Rotterdam office…
French utility Engie and Portuguese power company EDP will create a 50-50 joint venture to pool their fixed and floating offshore wind operations, the companies said on Tuesday.'Creating this JV will bring the projects we have together. It means…
Norwegian oil and gas company Equinor said it has awarded a contract for services within insulation, scaffolding and surface treatment (ISO) on the Johan Sverdrup field to Kaefer Energy AS. The deal, which was awarded under an already existing framework agreement for operations…
Madrid-based integrated offshore operator Repsol is leading a pack of foreign oil companies in Norway that are extracting largely tail-end production in exchange for paying a decommissioning tab or getting a second shot at an older oilfield…
Two subsea templates have been installed for the Wintershall Dea operated Nova project offshore Norway, marking the first operational landmark for the new company formed from the May 1 merger of Wintershall and DEA.The Nova oil field, located in the Norwegian North Sea…
Italian services provider Saipem said it has been awarded new contracts in offshore drilling in Norway and the Middle East totaling over $100 million.One contract was signed with Repsol Norge AS for the drilling of a well for operations in Norway expected to commence in the third quarter of 2019…
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