ConocoPhillips has made a minor oil discovery in the Norwegian part of the North Sea, near the Balder field. The company’s Norwegian subsidiary, ConocoPhillips Skandinavia, made the find while drilling the 25/7-8 S exploration well in the production…
French oil company Total will drill the deepest offshore well by water depth using the Maersk Voyager drillship owned by Maersk Drilling.The Danish offshore drilling contractor said Tuesday that, based on the conditional letter of award previously announced in the third quarter of 2019…
Africa-focused oil company Lekoil on January 2 said it had secured $184 million (gross) of funding for the appraisal drilling and initial development program activities on the Ogo field, in the OPL 310 block, offshore Nigeria.The loan, Lekoil said at the time…
Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world's top oil consumers, and on expectations of a drawdown in U.S. crude oil inventories.However, price gains were capped by receding Middle East tensions…
Tullow Oil has been given more time to decide on whether to drill a well at an offshore block in Jamaica’s Walton Morant Basin. The company is also in talks to farm-out some of its share in the block.The news of the extension was shared on Tuesday morning by United Oil & Gas…
Dutch outfit TMA Logistics has been commissioned by Siemens Gamesa Renewables Energy (SGRE) to provide the transhipment and transhipment of wind turbines for Windpark Fryslân.Wind farm Fryslan comprises 89 wind turbines that will be realised in the Frisian part of the IJsselmeer…
TenneT, the German arm of the bigger Dutch transmission network group of the same name, has increased offshore wind energy connection capacity to 7,132 megawatts.'TenneT's current total of twelve operating offshore grid connection systems for…
Dutch subsea technology company Seatools has won a contract to design and deliver a piling template hydraulic and instrumentation system to be used on an offshore wind farm in Taiwan.According to Seatools, the order was placed by ”an undisclosed engineering…
The global leader in offshore wind Ørsted has started construction of its first offshore wind farm in the Netherlands by installing the first foundations at the 752-megawatt Borssele 1 & 2 offshore wind farm (OWF).The Danish renewable energy…
The Hamburg Institute of International Economics (HWWI) has drafted a new market analysis on offshore wind energy and decommissioning in the scope of the INTERREG-North Sea project 'DECOM Tools'.Against the background that offshore wind energy…
Sea usesWhile others are known as rulers of the seas, Norway has been more known as users, locally and worldwide. No wonder, since Norwegian waters are covering an area of close to six times the size of the Norwegian land areas.There is considerable…
Subsea technology firm Rovco announced it has secured £5 million ($6.5 million) in new funding to support international expansion and continued development of 3D computer vision and artificial intelligence (AI) subsea technology.The funding includes a £3…
At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin.That reserves estimate — made this week by Netherland, Sewell & Associates for Talos Energy, the Houston-based…
Norway's OKEA has appointed Knut Gjertsen as a new SVP Project and Technology.The Oslo-listed oil firm said Monday that Gjertsen was joining from the position as Project Director for Johan Castberg in Equinor. Johan Castberg is Equinor's oilfield development in the Barents Sea…
Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters.CNOOC said Monday that its targeted net…
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