Russian oil company Lukoil is still working to obtain a share in the offshore block in Senegal containing the Sangomar development, after its first attempt last year to buy Cairn's share in the project was blocked out by Woodside, which exercised its pre-emption rights as a partner in the block…
Oil and gas firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022, a national statistics office (SSB) survey showed on Wednesday.The biggest sector in Norway now expects to invest 173…
Marine seismic data acquisition company Shearwater GeoServices has won a contract with Petrobras for deepwater Ocean Bottom Node seismic acquisition for the Tupi and Iracema projects in the Santos Basin offshore Brazil.'This will be the largest OBN seismic survey in Brazil…
SeaTwirl, a Swedish company developing vertical-axis floating wind turbines, has said that it has been granted a patent by the Japanese Patent Office for its divisible wind turbine. According to the company, the patent protects a solution where…
The European Union's executive will push for a 10-year phase-out of the protection for fossil fuels under an international energy treaty, following calls from some countries to quit the accord unless it can be aligned with Europe's climate goals…
Norway's Aker Solutions has secured a letter of intent from Equinor to carry out the topside work on the Troll B and C platforms offshore Norway to prepare them for power from shore, in order to reduce the CO2 emissions.Aker Solutions said the contract was very large…
Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift Europe out of a coronavirus recession.The…
Aberdeen-based offshore energy mooring solutions provider First Marine Solutions (FMS), said Tuesday it had invested in a new office and workshop premises to bolster its survey and positioning services. It has also made new appointments.The…
Norwegian offshore seismic services company Axxis Geo Solutions will file for court-protected restructuring, it said Tuesday.Axxis said it had not been able to reach an agreement with all creditors in order to implement a voluntary solution to refinance the company…
Shares in Technip Energies skyrocketed on Tuesday, the first trading day after Franco-American oilfield company TechnipFMC split its engineering and construction activities from its upstream oil services business.Shares were up 31.5% at 11.83 euros at 0901 GMT ($14…
Oilfield services company TechnipFMC on Tuesday said it had completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies.TechnipFMC, created in 2017 through a merger between France-based Technip and U…
Norway's oil industry employers struck a wage bargain with the Safe labour union on Tuesday, preventing a strike at the Mongstad crude terminal and shutdowns of major offshore oil and gas fields, Safe told Reuters.The Norwegian Oil and Gas Association…
Oil firm Shell has picked the US offshore helicopter operator PHI to operate four Airbus H160s to service a support contract in the Gulf of Mexico, marking the entry of the H160 helicopter series into the oil and gas market, Airbus has informed…
Australian oil company Carnarvon Petroleum is gearing up to start drilling at its Buffalo oil field project, in the Timor Sea, offshore East Timor.The company has awarded the drilling management services to Petrofac, which will include completion of detailed well design…
The global financial investment for offshore wind capacity set records in 2020, with total capacity investment as well as cash amount earmarked surpassing that of 2018, the previous record year, according to The Renewables Consulting Group (RCG)…
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