Canada will spend C$320 million ($238.56 million) to support its offshore oil industry in Newfoundland and Labrador, which has struggled as coronavirus pandemic travel restrictions reduced demand, the government said on Friday.The funds are…
Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 324 workers out of 7…
Denmark on Friday launched the tendering process for what will be its largest offshore wind farm - Thor.Thor will have a capacity of 800-1000 MW when it is fully installed and connected to the grid, which is expected to happen by 2027, at the latest…
The Norwegian authorities have received applications from 33 oil companies for the offshore acreage to be awarded in the licensing round Awards in Predefined Areas (APA) 2020.Norwegian Minister of Petroleum and Energy, Tina Bru: 'In a challenging year for the petroleum industry…
Norwegian oil company OKEA will acquire an interest from Neptune Energy in an offshore block in Norway containing the Calypso prospect, with a potential of up to 37 million barrels of oil.OKEA will take a 30% working interest in the production license PL938…
Lundin Energy, a Swedish oil and gas company with operations in Norway, has hired the Norwegian engineering and construction giant Aker Solutions to help it electrify its Edvard Grieg offshore oil platform in the North Sea.Under the contract…
The world must combine COVID-19 recovery packages with massive investments in renewable energy and low-carbon infrastructure or it will fail to meet a global warming limit target, a report by leading energy consultancy Wood Mackenzie said on Wednesday…
Oslo-listed offshore vessel operator Solstad Offshore has won vessel charter extensions with Norwegian oil firms Equinor and Aker BP.Solstad, which said the two firms were its key clients, said that Equinor had extended the contract for anchor handling vessel Normand Ferking for another year…
A fire at an Oil and Natural Gas Corp (ONGC) plant caused by a pipeline rupture has cut gas supplies to customers including power and fertiliser companies, said a person familiar with the matter at gas marketing firm GAIL (India) Ltd.The fire…
Australian oil and gas giant Woodside has hired Oslo-listed offshore vessel operator DOF Subsea to support its flowline installation work offshore W. Australia.DOF Subsea said Thursday the contract was for the transportation and installation…
Offshore drilling contractor Seadrill said Thursday its Brazilian subsidiary had been served with a search and seizure warrant in relation to a bribery investigation.'Seadrill Limited confirms that today its subsidiary Seadrill Serviços de Petroleo…
Oilfield services company Archer has won a four-year contract extension to provide platform drilling and maintenance services for Apache in the UK North Sea.The contract covers services aboard the Beryl Alpha and Bravo, Forties Alpha, Bravo…
Brazilian national oil company Petrobras has discovered hydrocarbons at the first well drilled in the block C-M-657,in the pre-salt of the Campos Basin in which partners are U.S. ExxonMobil and Norway's Equinor.The exploration well named Naru…
DeepWind, a Scottish offshore wind supply chain cluster has signed a collaboration agreement with its German counterpart WAB, to promote offshore wind and green hydrogen generation.The north of Scotland’s offshore wind cluster organization,…
Southeast Asia-focused oil company KrisEnergy has reached a loan deal with Kepinvest Singapore, that should help the company bring online its Apsara offshore project in Cambodia's Block A on time, and remove the risk of losing the license.Namely…
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