Bahrain's king issued a royal decree on Monday abolishing the National Oil and Gas Authority (NOGA), with all its functions to be undertaken by the oil ministry, the state-run Bahrain News Agency said.'All the financial appropriations allocated…
From a colossal wind farm floating amid choppy ocean waves to hundreds of solar panels on the surface of a dammed reservoir, Portugal is exploring innovative ways to boost renewable energy.Mass use of such projects may still be too pricey, but…
Norwegian oil and gas operator DNO has made a minor oil discovery on the Gomez prospect in the North Sea, offshore Norway.The exploration well, located 14 kilometers east of the Ekofisk field, encountered hydrocarbons in the primary target in the Våle Formation of the Paleocene Age…
Oilfield services firm Petrofac's bribery case sentencing hearing has been postponed for Friday.As previously reported, Petrofac said Friday it would plead guilty to seven counts of failing to prevent former Petrofac group employees from offering…
Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…
Global oil demand is expected to peak before 2030, earlier than previously projected, TotalEnergies forecast on Monday.The French oil major - which had previously forecast the peak happening around 2030, rather than before - said its business…
Offshore services company James Fisher said Monday its French subsidiary Mojo Maritime would be renamed to James Fisher Renouvelables. This comes following the launch of its dedicated offshore wind division James Fisher Renewables in March 2021…
Norwegian oil firm Equinor has exercised one additional well to be added to Odfjell Drilling Deepsea Stavanger rig's drilling contract.The well has been exercised under the Continued Optionality mechanism in the contract entered into between the parties in May 2020…
Tekmar Energy has secured a contract from Strohm to design, manufacture and supply a subsea protection and buoyancy solution for a Thermoplastic Composite Pipe ('TCP') Jumper.Strohm, previously Airborne Oil & Gas, is a company providing fully bonded TCP…
Mott MacDonald has been appointed by Hai Long offshore wind farm project as one of its owner’s engineers.The Hai Long project, currently in the development phase, is a 1GW wind farm located 50-70 km from the shore. Hai Long has three separate grid allocations…
Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.Brent crude was up 92 cents or 1…
Classification society DNV has introduced the new ABATE class notation, to assist the owners and operators of offshore floating installations to identify and implement measures to reduce greenhouse gas (GHG) emissions.The ABATE notation provides…
Crude prices have climbed to the upper-$70s, sustained by continued demand growth and the OPEC+ production curtailment agreement. Excess oil inventory has largely been eliminated, natural gas supply shortages have appeared in Europe and LNG prices have soared…
Norwegian oil and gas company Aker BP has filed a development plan for the Frosk offshore field to the Norwegian Ministry of Petroleum and Energy.The Frosk field, found in 2019, is situated some 25 kilometers southwest of the Alvheim FPSO in the North Sea…
Norwegian firm Ocean Installer, best known for its subsea installation services in the oil and gas sector, in December 2020 changed its name to Havfram - Ocean Forward in Norwegian - saying the name change reflected the company's growing commitment to offshore wind…
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