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Aker BP Gets Drilling Permit for Lyderhorn East Offshore Well

Oct 18, 2021

Norwegian oil firm Aker BP has received a drilling permit for an exploration well to be drilled in the North Sea, offshore Norway.The well 24/12-7 - known as Lyderhorn East prospect -  is located in the production license 1041. It will be drilled…

Northern Drilling Cancels Another Drillship Order with DSME

Oct 18, 2021

Billionaire John Fredriksen-owned offshore drilling company Northern Drilling has canceled another drillship order with South Korea's Daewoo Shipbuilding & Marine Engineering.After canceling the order for the West Aquila drillship in August…

INEOS to Invest $2.3B in Green Hydrogen Plants

Oct 18, 2021

- INEOS, Europe's largest Hydrogen producer, said on Monday it would invest more than 2 billion euros ($2.3 billion) on electrolysis plants to make zero-carbon green hydrogen across Europe.The first plants will be built in Norway, Germany and Belgium over the next 10 years…

First Line of Nord Stream 2 Pipeline Filled with Technical Gas

Oct 18, 2021

The operator of the Russia-led Nord Stream 2 gas pipeline on the bed of the Baltic Sea said the first of the project's two lines has been filled with so-called technical gas, while still awaiting clearance to start sales to Europe.The pipeline…

TotalEnergies Opens UK Offshore Wind Hub in Aberdeen

Oct 18, 2021

French energy major TotalEnergies' Chairman and CEO Patrick Pouyanné on Monday opened the company’s UK Offshore Wind Hub in Aberdeen. 'The Hub will be part of the company’s existing offshore operations center in Aberdeen. The Hub will enable…

Sentinel Subsea Attracts Investment for Subsea Well Monitoring Tech

Oct 18, 2021

Passive well integrity monitoring firm Sentinel Subsea has secured an investment from Alba Equity and Scottish Enterprise as it continues to develop its technology for the monitoring of subsea wells.Founded in 2018, Sentinel Subsea has developed WellSentinel…

Opinion: Global Oil Market is Tight, Despite what Producers Say

Oct 18, 2021

Global petroleum inventories have fallen to their lowest seasonal level for seven years as producers have failed to raise output to match the rapid rebound in consumption since last year’s coronavirus-driven recession.In contrast to shortages in coal…

Mermaid Subsea Services Buys 50% Stake in Offshore Construction Vessel Millennium 3

Oct 18, 2021

Thai-based offshore services company Mermaid Subsea Services has agreed to buy a 50% ownership share in the Millennium 3 offshore construction vessel from PT David Marine for $16 million.The Millennium 3 is a DP2 construction support vessel…

Shearwater in 'Major' 3D Seismic Project Offshore South Africa

Oct 18, 2021

Offshore seismic services contractor Shearwater GeoServices has secured what it says is “a major” 3D seismic survey contract for acquisition in South Africa.Using the Amazon Warrior seismic vessel, Shearwater will acquire over 6,000 square kilometers of 3D seismic data…

"THE RIG" - Saudi Arabia Launches Offshore Platform Inspired Tourism & Entertainment Project

Oct 17, 2021

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of 'THE RIG', which it said would be the world's first tourism destination on offshore platforms.The fund, the engine of Crown Prince Mohammed…

Esgian: Seadrill’s Fleet Value Plunges

Oct 15, 2021

Seadrill’s creditors are now the proud owners of 24 offshore rigs. The most important question for them: what are they worth? Esgian's Hans Jacob Bassoe writes.Earlier this year, Seadrill filed for chapter 11 for the second time since 2017 and…

RockRose Takes Over SSE's UK North Sea Gas Fields

Oct 15, 2021

Viaro Energy's subsidiary RockRose has completed the acquisition of several producing assets in the UK North Sea from SSE for £120 million (US$164 million) with an additional contingent payment of £40 million (US$54 million).RockRose acquired…

New Kupe Compressor to 'Allow Us to Suck Harder on the Straw,' NZOG CEO Says

Oct 15, 2021

Australian oil and gas company Beach Energy has completed work on the Kupe compression project in New Zealand, which will allow for the gas plant, which had seen declining production in recent years, to produce at full rate from the Kupe offshore gas field…

Germany's Nord Stream 2 Gatekeeper: The Long Road Until Gas Flows

Oct 15, 2021

The Nord Stream 2 pipeline is completed and ready to pump Russian gas to Europe, but nothing is flowing yet because it is still awaiting clearance from Germany's energy regulator.Europe's most controversial energy project, which is led by Russian gas giant Gazprom…

Crystal Steel to Build Offshore Wind Steel Fabrication Plant in Maryland for Ørsted's U.S. Projects

Oct 15, 2021

Offshore wind developer Ørsted has said Friday it had signed a deal to establish Maryland’s first offshore wind steel fabrication center at Crystal Steel Fabricators in Federalsburg, Maryland. 'Ørsted’s investment in Crystal Steel will enable…

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