Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the center-right government said as it presented its long-term energy strategy on Friday.Europe's second…
Offshore wind developer RWE said Friday it had started construction of its flagship 1.4 gigawatts Sofia offshore wind farm project in the UK. The Sofia is the largest project currently in construction across the company's entire renewables portfolio…
Russia's Nord Stream 2 gas project will start preparations on Friday to fill the first of two pipelines with natural gas within a few months, the Gazprom-led project said on Thursday.Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany…
Some 1,065 members of two Norwegian labour unions could go on strike on June 17 if wage talks fail, hitting oil exploration and other drilling services, the unions said on Friday.A strike would not affect oil and gas output in the initial round…
Oslo-listed offshore vessel owner S.D. Standard Drilling Plc. has agreed to sell the Standard Olympus platform supply vessel for $7.5 million to an undisclosed buyer.'The sale of Standard Olympus will result in a gain for Standard Drilling of gross USD 1…
Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal…
Fred. Olsen Windcarrier's Blue Tern offshore installation vessel on Thursday evening at 22.40, installed the 50th Vestas V164-9.5MW turbine at the Moray East offshore wind farm in the UK, which marked halfway point of the project.The first…
UK oil and gas company EnQuest has said it has signed a new senior secured borrowing base debt facility of around $600 million and an additional amount of $150 million for letters of credit for up to seven years.'The new facility will enable…
Fugro's soon-to-be-sold marine seismic acquisition subsidiary Seabed Geosolutions has received a conditional Letter of Award (LOA) from an undisclosed company for an ocean bottom node (OBN) project in the Americas region.The project is anticipated…
Norway's Kongsberg Maritime has secured contracts with China Merchant Heavy Industries (CMHI) to design and equip two construction service operation vessels (CSOV) for Awind AS.Awind AS is a Norway-based offshore ship owner and a subsidiary of Integrated Wind Solutions AS…
Construction has started of the topside for the offshore transformer station to be deployed at the Hollandse Kust (west Alpha) wind farm zone offshore the Netherlands.The joint venture between ENGIE Solutions and Iemants (a subsidiary of Smulders) and…
A Malaysian manager of Norway's largest oil services provider Aker Solutions was charged on Friday over allegations he submitted false documents in dealings with state-owned energy firm Petronas , according to a court charge-sheet.Ahmad Hatta Kamaruzzaman…
In past decades, the UK has established itself as an underwater technology pioneer with 40% of the global market share. The North Sea oil and gas sector has fueled a great deal of this innovation to date. Still, as the energy transition accelerates…
Cambodia's government said on Thursday it had no immediate plan for maintaining oil production in the country, after its partner KrisEnergy announced it was headed to liquidation, just five months after extracting the country's first drop of oil…
Serica Energy has said it has installed new completion equipment at Rhum R3 well in the North Sea, and that 'flow test has now been performed.'As reported late in May, Serica said it had cleared the well of all equipment installed when it was originally completed in 2005…
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