The North Sea-focused oil company Ithaca Energy has signed a 5-year Integrated Services Contract with oilfield services provider Petrofac.Under the contract, Petrofac will provide engineering, construction, maintenance, and offshore manning…
Norwegian offshore vessel owner Solstad has signed a cooperation deal with Westcon Power & Automation, a provider of hybrid- and fully electric solutions, to develop environmentally friendly and sustainable technologies, with the final aim to make the company carbon neutral by 2050…
The Nord Stream 2 pipeline from Russia to Germany should not be used to punish Moscow over the poisoning of Kremlin critic Alexei Navalny, the leader of the German state where the pipeline is due to come ashore said on Friday.The Kremlin has…
Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.BP's 2020 benchmark…
UK-based offshore decommissioning company Well-Safe Solutions has bought Seadrill's 1993-built West Epsilon jack-up rig, in a move that the company says will create a 100 new jobs.This will be Well-Safe's second rig in the fleet following the…
Norwegian offshore services provider Aker Solutions has been awarded a three-year extension to an existing framework agreement for work at North Sea fields operated by U.S. oil firm ConocoPhillips.Aker Solutions will remain ConocoPhillips'…
Swedish power company Vattenfall has appointed Anna Borg as its new President and CEO after Magnus Hall in July said he would leave the company.Borg has served as the offshore wind developer's CFO since 2017. Before this, was been Senior Vice President for Vattenfall's Business Area Markets…
Turkey expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totaling 16 billion cubic meters a year, a senior energy ministry official said.More than a quarter of Turkey's long-term gas contracts expire next year…
Ørsted, one of the world's largest offshore wind developers, has elected Mads Nipper as its new CEO. He will take over from Henrik Poulsen who recently announced the decision to step down.Nipper, currently CEO and President of Grundfos, one of the largest pump manufacturers in the world…
Greek gas grid DESFA, 66%-owned by a consortium led by Italy's Snam, is interested in buying a stake in an offshore liquefied natural gas (LNG) terminal in northern Greece, people familiar with the matter said on Tuesday.DESFA is considering…
Teekay's Banff FPSO, which recently ceased production in the UK North Sea, has arrived at Kishorn Port for temporary mooring, ahead of recycling.The Banff FPSO had been producing oil for CNRI at the Banff and Kyle fields, some 200 kilometers…
Damen Shipyards Group delivered a Fast Crew Supplier (FCS) 2710 to Rederij Groen, who has secured a contract to use the vessel to undertake crew transfers for the oil and gas industry in Germany and DenmarkThe first new FCS 2710 to be delivered in the Netherlands…
Oil and gas firm Neptune Energy has started drilling on the Bue well in the Fenja field in the Norwegian Sea.The well, drilled by Seadrill's West Phoenix semi-submersible drilling rig will act as a pilot for the location of the Fenja field's…
Norwegian oil and gas firm Equinor is planning to drill new wells at its Martin Linge development in the North Sea, after discovering that several previously drilled wells do not have the necessary barriers and that bringing them online would not be safe…
Norwegian offshore vessel owner and manager GC Rieber Shipping has signed an agreement to transfer its fleet management services business to OSM Maritime Group, and become a pure shipowner.Under the agreement, GC Rieber Shipping will transfer all technical…
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