Petroleum production costs on the Norwegian continental shelf rose in 2018 after falling for three consecutive years, state-owned oil firm Petoro said on Thursday.Cost cuts were high on oil firms' agenda following a sharp fall in crude prices in 2014…
The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea.The Allseas-owned vessel…
DOF Subsea announced Tuesday it has been awarded various contracts, securing utilization for vessels in the subsea inspection, maintenance and repair (IMR) projects segment.The company said its Atlantic region has been awarded a contract by…
The start-up of Equinor's Mariner heavy oilfield in the British North Sea is expected to be delayed again until the fourth-quarter of 2019, two sources familiar with the project told Reuters.The field, discovered in 1981 east of the Shetland Islands…
One person died and two people were injured when a crane collapsed at an Italian offshore oil platform run by Eni, the oil and gas major said on Tuesday.The crane was in operation when it toppled from the Barbara F platform, about 60 km (35 miles) off Ancona…
Billionaire Jim Ratcliffe's petrochemicals company Ineos said on Wednesday it would spend 1 billion pounds ($1.33 billion) on UK energy assets, including the Forties pipeline, which carries almost half of Britain's oil and gas from the North Sea…
Electromagnetic Geoservices (EMGS) said it has entered into final contracts with Equinor for a range of seismic data across the Norwegian continental shelf.The final deal includes both licensing of Barents Sea, Norwegian Sea and North Sea data from EMGS’s existing multi-client library…
An investigation into the November 2018 fire aboard the mobile drilling facility West Phoenix has uncovered the cause of the incident as well as several regulation breaches, the Petroleum Safety Authority Norway (PSA) said on Monday.The fire…
British oil producer EnQuest has sealed a deal with explorer Seapulse that will put it first in line to help develop over four billion barrels' worth of prospective resources the company is investigating, Seapulse said.EnQuest, which at a market cap of around $437 million is saddled with over $1…
Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the northern part of the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil…
German wind turbine manufacturer Senvion Group has concluded a 30-megawatt (MW) contract with Renexia for the first offshore wind farm in the Italian Mediterranean Sea.The wind farm will feature ten Senvion 3.0M122 turbines, installed on monopile…
Aker BP ASA announced it has awarded frame agreements with three suppliers for the provision of platform supply vessels (PSV), in a move that aims to reorganize the value chain.The three suppliers Simon Møkster Shipping AS, Eidesvik Offshore…
Norwegian oil and gas company Aker BP is switching emphasis from M&A towards exploration, taking a potentially riskier path to increase its resources after years when it has relied on acquisitions to add the bulk of its new barrels.The company…
European energy company Vattenfall has decided to participate in the 750 MW offshore wind tender for Hollandse Kust Zuid 3 & 4, in the Dutch part of the North Sea.The yearly production is estimated to provide electricity to around 1.3 million…
U.S. oil and gas major Exxon Mobil Corp said on Thursday it had found natural gas offshore Cyprus, a region already known for some of the world's largest such discoveries.The east Mediterranean island is located in the Levant basin, where both…
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