BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act.After BP's 2018 carbon emissions rose to their highest in six years…
Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying.The Russian-led company…
The offshore oil and gas industry appears to be in a fragile recovery, according to research consultancy Westwood Global Energy Group.Oil prices are expected to remain between $60/bbl and $80/bbl into the early 2020s before rising, and offshore spending between 2019 and 2023 is projected to hit $1…
Offshore wind developer Vattenfall is partnering with manufacturer GE Renewable Energy on developing its 12MW Haliade-X turbine platform to aid bids at future offshore wind capacity auctions.With a capacity of 12MW, it is the largest offshore wind turbine on the market to date…
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean shipbuilder Samsung Heavy Industries (SHI).Further, the company will be claiming…
Italian multinational corporation Prysmian Group has secured a €200m contract to provide export cables for the 800MW Vineyard Wind project off the coast of Massachusetts in the US.Vineyard Windis a US offshore wind development company 50% owned…
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent.The bond placement…
Simec Atlantis Energy is set to team up with General Electric (GE) to develop the world's largest tidal stream turbine.According to a press release from Simec, its Atlantis Turbine and Engineering Services (ATES) division will enter into a Technology…
Production at oilfields that feed into North Sea crude grade Flotta Gold has been shut down due to repairs on the main pipeline to the export terminal in Scotland, a spokesman for the terminal operator said.'We are carrying out repairs to a…
UK-based custom subsea umbilical and cable solutions provider Fibron revealed its new branding to the offshore market during the Offshore Technology Conference (OTC) in Houston last week.Managing Director, Bruno Cianfini, reiterated the company…
Electromagnetic Geoservices ASA (EMGS) announced Thursday it has entered into an agreement for a fully prefunded multiclient 3D controlled source electromagnetic (CSEM) survey in the Norwegian Barents Sea.The contract has a value of $1.25 million…
Russian oil company Lukoil said it has commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on February 6, 2019, the other was completed on May 7, 2019.The field is operated…
Three leaders in the oil and gas industry’s decommissioning sector have teamed up to launch Fairfield Decom, a new company based in Aberdeen that will manage, integrate and execute end-to-end late life operations and decommissioning activities…
Britain's Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields.The company said it now expects output to reach 75,000 to 80…
Nigeria’s upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures…
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