ConocoPhillips has received the green light from Norway's Petroleum Safety Authority to drill an exploration well in block 25/7, slightly west of the Balder/Ringhorne fields in the center of the Norwegian sector of the North Sea.Well 25/7-9 S belongs to production licence 917…
The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050, a target for most EU members, a leading industry group said in a report.Fighting climate change…
Russia's second-largest oil producer Lukoil said on Tuesday its third-quarter net income rose 5% quarter on quarter to 190.4 billion roubles ($3 billion) helped by a lower effective income tax rate.Its sales fell 8.1% from the second quarter to 1…
Independent oil and gas producer Vår Energi said it has signed frame agreements with Apply Sørco and Aker Solutions for modifications and maintenance support for the company’s operated assets.The frame agreements, which cover operation, maintenance…
Malaysia's state energy firm Petroliam Nasional Bhd said on Tuesday its third-quarter profit nearly halved due to lower demand and impairment charges, and warned of further risks to demand.Profit for the July-September period at Petronas, as the company is better known…
Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a 'hotspot' of its international efforts, the company's exploration head said on Tuesday.The company will drill about 20-30 exploration wells on the Norwegian continental shelf…
Emerson announced on Monday it has been awarded a contract from Total to provide wellhead pressure monitoring technology to enhance safety during the multi-year redevelopment project to extend the life of Denmark’s biggest gas field.The Tyra…
Pirates have abducted seven crew members from an anchor handling tug supply (AHTS) vessel offshore Equatorial Guinea, the vessel's owner Swire Pacific Offshore (SPO) said.The Singaporean-flagged Pacific Warden was attacked on November 20, 2019 at approximately 5 a…
Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday…
testing, inspection and certification services firm Bureau Veritas said its consultancy and outsourcing brand has been awarded a three-year Enterprise Frame Agreement with Shell to provide asset integrity management support services.The scope…
UK plug, abandonment and casing recovery specialist Ardyne said it has entered a frame agreement with Norwegian energy company Equinor to provide fishing services covering all of the operator’s assets on the Norwegian Continental Shelf.The agreement…
As the energy transition continues to pick up pace globally, the North Sea has the potential to become a global showcase for impactful change as a number of low carbon solutions grow in prominence, with partnership models becoming critical for the future of the basin…
UXO survey, identification and disposal services joint venture N-Sea-BODAC reports it will make significant investment in its further development following year-on-year commercial growth since being formed in 2016.“Following three years of successful joint operations…
Ireland-based energy company Electricity Supply Board (ESB) and Norwegian energy company Equinor plan to jointly develop offshore wind sites and enter them into the country's renewable energy auctions from the mid-2020s.The partnership will…
SBM Offshore announced on Friday it has completed the purchase of Constellation’s equity ownership in the lease and operating companies related to five Brazilian floating production, storage and offloading units (FPSO).The Netherlands based…
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