Oil and gas company IOG, focused on developing gas fields in the Southern North Sea, off the UK, has signed a gas sales agreement with Gazprom Marketing & Trading Limited ('GM&T').The contract follows a competitive offtake process involving more than 10 bidders over recent months…
The Norwegian oil and gas authorities have approved the start-up of the Neptune Energy-operated Duva field in the North Sea.Neptune Energy estimates the reserves at around 71 million barrels of oil equivalent to be at the field.The Duva oil…
The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the industry emerges from the pandemic…
Ashtead Technology has appointed Graham Clark to the newly created position of Chief Technology Officer (CTO) to accelerate its technology and digitalization strategy.The subsea equipment rental and solutions provider for the offshore energy industry…
Oil production has resumed from Hurricane Energy's Lancaster field off the UK after the scheduled annual maintenance shutdown of the Aoka Mizu FPSO earlier in July.'Production from the 205/21a-6 well is currently stabilizing, and a further update…
The British High Court has agreed to hear a case by environmental campaigners claiming that the government's support of North Sea oil and gas companies conflicted with its plans to slash the country's carbon emissions by 2050.The legal challenge…
Seaway 7, a renewables branch of offshore installation firm Subsea 7, has chartered one of Siem Offshore's offshore subsea construction vessels (OSCVs).The contract is set to begin in the fourth quarter of 2021, when the vessel will provide…
Norway's Equinor posted a sharp increase in second-quarter profit on Wednesday as prices of oil and gas rose, but its earnings fell short of expectations as its Norwegian unit missed forecasts.Adjusted earnings before tax rose to $4.64 billion…
Stavanger-based oil firm Wellesley Petroleum on Monday said it would swap certain oil and gas assets offshore Norway with the Norwegian energy giant Equinor. Equinor will take a 40% participating interest in licenses PL090 JS, PL248 I and PL925…
Oil and gas producer Wintershall Dea, which has a 70% gas portfolio, on Tuesday said Europe needed multi-sourced gas to support decarbonization away from coal and to create a platform for future hydrogen production from carbon-free energy.Wintershall…
Wintershall Dea posted strong second-quarter 2021 earnings as it benefited from firmer oil prices and reduced spending, its earnings report showed on Tuesday.The company, owned jointly by BASF and Russia's LetterOne, posted earnings before interest…
Singapore's offshore platform constructor Sembcorp Marine has completed the fabrication of two wellhead topsides, one riser topside, and two bridges for deployment at TotalEnergies’ Tyra field redevelopment in the Danish North Sea.The topsides…
Portuguese oil and gas company Galp Energia swung to a net profit in the second quarter thanks to higher crude prices and refining margins, but cautioned on the continued impact of the COVID-19 pandemic.In a statement accompanying the figures…
Norwegian energy firm Equinor is expected to spud the Egyptian Vulture exploration well in the Norwegian Sea in late August, using Seadrill's West Hercules semi-submersible drilling rig.This is according to Longboat Energy, Equinor's partner in the project…
Aberdeen-based offshore wind vessel firm North Star Renewables has named Steve Myers as SOV operations director.As part of this newly created role, Myers, who most recently worked for wind turbine maker Siemens Gamesa Renewables, will oversee…
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