Norway's Aker ASA will create more value from IT and low carbon energy businesses in the next decade than from its traditional oil and gas operations, billionaire investor Kjell Inge Roekke said on Wednesday.Via his 67% stake in the Aker group…
A vessel of Russian gas giant Gazprom has departed for the Nord Stream 2 gas pipeline's supply base in Germany, data showed on Wednesday, in a sign that Moscow is still determined to push on with the politically-charged project.Nord Stream 2…
Engineering and construction company Wood has won a $42 million contract in Norway to upgrade the gas processing plant that handles gas from the Troll, Kvitebjørn, Visund, and Fram fields located in the Norwegian sector of the North Sea.The contract was awarded to Wood by Equinor…
Plans by European oil companies to increase their renewable power capacity are driving up the price tags on renewable businesses and projects, the CEO of British renewables and network company SSE, told Reuters.BP, Shell, and Total have all…
Danish offshore wind installation company Swire Blue Ocean (SBO) is set to expand its fleet and upgrade the existing wind farm installation vessels with new cranes, to future proof its business given that the offshore wind turbines keep getting bigger…
Norway-based offshore vessel owner GC Rieber Shipping said Wednesday it had won a contract in the offshore wind sector for its 2011-built Polar Queen multi-purpose vessel.The contract is a short one, for three weeks, with further options to extend…
Offshore helicopter operator CHC Helicopters has won a contract extension with oil company Neptune Energy for the provision of crew transfer services in the Dutch sector of the North Sea.The extension is for two years, and CHC will continue…
Turkey said on Tuesday it had extended the operations of its Yavuz energy drillship in disputed Mediterranean waters off Cyprus until Oct. 12, in a move that could stir tension between the Greek Cypriot government and Ankara.Yavuz will be accompanied by three other Turkish ships…
A group of Seadrill's creditors has agreed to let the offshore drilling rig operator suspend interest payments this month as part of an ongoing effort to restructure its $7.3 billion debt, the Oslo-listed company said on Wednesday.Seadrill,…
The UK oil and gas regulator Oil and Gas Authority will release historic North Sea seismic data, saying the move will be beneficial both for oil and gas explorers and those looking for carbon capture and hydrogen storage sites.'Explorers, organizations…
Russian oil company Lukoil said Tuesday it had installed the jackets of the fixed ice-resistant platform at the V.I. Grayfer field in the Caspian Sea. Ahead of being shipped to the offshore location, the 3,700+ tonnes heavy jackets were moved…
Premier Oil Plc said on Tuesday it was in talks with private-equity backed oil producer Chrysaor and several other parties on alternative deals to secure long-term debt refinancing.Premier announced on Aug. 20 that it was seeking a total of $530 million in fresh equity…
Wilhelmsen, one of the world's largest shipping companies, has agreed to acquire a 25% stake in Østensjø Group’s growing offshore wind business Edda Wind.Wilhelmsen has also secured an option to buy another 25% before June 2021. Launched in 2018…
Norwegian offshore oil and gas engineering and construction firm Aibel will provide a field engineering, concept optimization, and definition study for Equinor's unmanned process platform at the Krafla field in the North Sea off Norway, under a contract announced Tuesday…
London-listed oil company Premier Oil has informed that the completed jacket and topside are now en route to the company's Tolmount field in the UK sector of the North Sea.The 500 bcf field, sanctioned in 2018, had been on schedule for first gas by the end of the year…
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