OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…
Norwegian oil and gas company Equinor has received regulatory consent for the prolonged use of the Floatel Superior semi-submersible accommodation rig at the Grane field in the North Sea, offshore Norway.The Petroleum Safety Authority said that that it had granted its consent…
Russia's foreign ministry said on Thursday it was 'unthinkable' that an investigation into ruptures on the Nord Stream 1 and 2 gas pipelines would proceed without Russia's participation.Foreign Ministry Spokeswoman Maria Zakharova said the West…
The topside for the offshore wind transformer station Hollandse Kust (north) was installed this week on a jacket previously installed on the seabed, Dutch grid operator TenneT has informed. DEME Offshore's Orion vessel installed the topside…
Norway's production of oil liquids is expected to rise by 15% in 2023 as the Johan Sverdrup field is set to ramp up output by the end of this year, the government's draft budget showed on Thursday. 'The Norwegian continental shelf must continue…
German renewable energy firm RWE has submitted a bid for the up to 1.5-gigawatts (GW) offshore wind site in the Polish section of the Baltic Sea, located around 75 kilometers off the coast of Ustka, as part of a competitive process for an offshore wind seabed permit within 53…
Shelf Drilling, an Oslo-listed offshore drilling services firm, has obtained a two-year contract extension for the Noble Sam Turner jack-up rig, which is a direct continuation of its present contract in Denmark.The contract has been secured by way of a priced option exercise by the customer…
Norway's center-left government said on Thursday it planned to raise taxes on the country's oil and gas industry by 2 billion Norwegian crowns ($191 million) in 2023 by partly reversing an incentive package introduced during the coronavirus pandemic…
Offshore drilling company Noble Corporation has completed the sale of five jack-up drilling rigs, the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert, and Noble Lloyd Noble, to Shelf Drilling for $375 million.The…
Germany's BKA federal police assumes explosions in the Nord Stream pipelines last week were 'a targeted act of sabotage' and said it is probable that state actors were involved, the Spiegel weekly reported, citing a letter to industry representatives…
One of President Vladimir Putin's top allies said on Wednesday that the sabotage of the Nord Stream offshore gas pipelines resembled the U.S. Central Intelligence Agency-backed attacks on oil infrastructure in Nicaragua in 1983.Nord Stream 1 and Nord Stream 2 offshore gas pipelines…
Exxon Mobil XOM.N is working with its partners on the U.S. company's exit from the Sakhalin-1 oilfield in eastern Russia, its head of upstream operations said on Tuesday. Production from the giant field, which Exxon operates and in which it owns a 30% stake…
Norwegian energy company Sval Energi said Monday it had strengthened its position on the Norwegian Continental Shelf by closing the previously announced Martin Linge and Greater Ekofisk Area transactions with Equinor and the acquisition of Suncor Energy Norge AS…
Britain must be careful not to spook investors with its energy reforms, so it can continue attracting funds for its transition to a cleaner future, the CEO of renewables and networks company SSE said on Monday.Britain has a target to install up to 50 gigawatts (GW) of offshore wind capacity by 2030…
European governments should tax the wealthy to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell Chief Executive Officer Ben van Beurden said on Tuesday.Speaking before the Energy Intelligence Forum in London…
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