Thirty-three oil companies submitted bids for exploration blocks offshore Norway in a so-called predefined areas (APA) licensing round, the Ministry of Oil and Energy said on Wednesday.This year's round comprised 48 blocks in the Arctic Barents Sea…
Late last week, a large Equinor spending allotment passed under the radar of many a news stream: the Norwegian offshore operator was given a $230 million grant by largest shareholder, Oslo, to pursue wind projects, or at least one in particular…
French energy producer Total could invest up to $10 billion in the North Sea over the next five years but cost discipline must be maintained as a matter of urgency, Chief Executive Officer Patrick Pouyanne said on Tuesday.As part of its efforts…
Wood has secured an 18-month contract extension for engineering, construction and maintenance services on TAQA’s North Sea assets, the engineering firm announced on Tuesday.Effective immediately, the extension builds on a previous agreement covering the Cormorant Alpha…
As technological advancements continue, subsea processing equipment such as gas compression – now moving beyond Norwegian waters for the first time – may prove to be an increasingly important piece of the offshore production puzzle.“The overall subsea landscape is changing radically…
DNV GL announced on Tuesday it has secured a verification services contract from Apache Corporation. The contract, which has a primary term of three years, and two one year extension options, involves operations and project verification for all Apache’s UK North Sea assets…
Maersk Drilling has entered a $7.6 million contract with Petrogas North Sea to drill an appraisal well at the Birgitta field in the Central part of the UK North Sea, the Danish drilling contractor said on Monday.The contract is expected to commence in March 2020…
British energy provider SSE has kicked off the process to sell its 140 million cubic feet per day portfolio of North Sea gas fields in a single package, a sale document seen by Reuters showed.SSE said in May it was looking to sell its gas production assets…
Norwegian energy company Equinor said it has completed the sale of shares in Swedish independent Lundin Petroleum and acquisition of greater interest in the giant Johan Sverdrup field offshore Norway following all conditions being met, including government and regulator approvals…
Collaboration within the offshore energy industry has never been more important and mutually beneficial. Vessel sharing in the North Sea and beyond ensures efficiencies for companies that cannot be achieved when operating in isolation. One example…
Norway's Johan Sverdrup field could begin oil shipments in October, earlier than the scheduled November start, an Equinor spokesman said on Friday, adding that oil market participants had been notified.The startup of production at Sverdrup, the largest North Sea discovery in more than three decades…
Oceaneering announced it will combine seven Aberdeen properties into one office location and a new, purpose-built workshop, in a move to streamline operations and drive cost efficiencies.The 50,000-square-foot office in Aberdeen International…
Private-equity backed Neptune Energy reported an operating cash flow of $613 million for the first half of the year, up around 5% from a year earlier, as the potential stock market debutante eyes 2019 output of up to 155,000 barrel of oil equivalent…
Operator Siccar Point Energy said it has awarded an exclusive front-end engineering and design (FEED) contract to Sembcorp Marine for the design of a Sevan cylindrical floating production, storage and offloading unit (FPSO) for its Cambo field development on the UK Continental Shelf…
OKEA announced it has won a tender from fellow oil producer Neptune Energy for supply to drilling operations on the Fenja field (formerly Pil & Bue) at Haltenbanken, offshore Norway.The 89-meter platform supply vessel (PSV) Siem Pride will supply…
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