ConocoPhillips has received the green light from Norway's Petroleum Safety Authority to drill an exploration well in block 25/7, slightly west of the Balder/Ringhorne fields in the center of the Norwegian sector of the North Sea.Well 25/7-9 S belongs to production licence 917…
The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050, a target for most EU members, a leading industry group said in a report.Fighting climate change…
Russia's second-largest oil producer Lukoil said on Tuesday its third-quarter net income rose 5% quarter on quarter to 190.4 billion roubles ($3 billion) helped by a lower effective income tax rate.Its sales fell 8.1% from the second quarter to 1…
Enhanced Well Technologies AS, a company owned and controlled by EV Private Equity together with Shell Ventures B.V. and the IKM Group, announced the acquisition of riserless mud recovery services provider IKM Cleandrill AS. This acquisition…
London headquartered offshore drilling contractor Valaris said it has appointed Frederick Arnold to the company's board of directors, as the company as part of an ongoing board refreshment plan.Arnold, who joins the board as an independent director effective immediately…
Independent oil and gas producer Vår Energi said it has signed frame agreements with Apply Sørco and Aker Solutions for modifications and maintenance support for the company’s operated assets.The frame agreements, which cover operation, maintenance…
You might remember the Paris Climate Agreement entered into force in November 2016, and each country’s “green transition” experts on November 25, 2019, began preparing for the UN Climate Change Conference on December 2, 2019.Solar powerhouse…
Malaysia's state energy firm Petroliam Nasional Bhd said on Tuesday its third-quarter profit nearly halved due to lower demand and impairment charges, and warned of further risks to demand.Profit for the July-September period at Petronas, as the company is better known…
Well construction and intervention company Coretrax announced on Tuesday it has acquired Churchill Drilling Tools for an undisclosed sum as part of an ongoing growth and expansion strategy.Coretrax has been investing heavily in developing technology…
Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a 'hotspot' of its international efforts, the company's exploration head said on Tuesday.The company will drill about 20-30 exploration wells on the Norwegian continental shelf…
Norwegian accommodation services player Prosafe has filed an appeal against the Norwegian Competition Authority (NCA)’s rejection of its proposed merger with Swedish rival Floatel International.The merger would create the world's largest fleet of accommodation rigs - a North Sea giant…
Japanese offshore wind power player Hibiki Wind Energy has selected the Danish manufacturer of offshore wind turbine MHI Vestas Offshore Wind as preferred wind turbine supplier for the 220 MW Hibikinada Offshore Wind Farm (OWF).Hibikinada is the first awarded…
Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emirates’s Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services.Earlier this year…
Valaris, the provider of offshore drilling services across all water depths and geographies, announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million.The United Kingdom-based offshore drilling contractor…
Geophysical services company Shearwater GeoServices said that it has been awarded a Black Sea 3D seismic acquisition contract by the oil giant Royal Dutch Shell plc.The provider of 3D marine seismic data acquisition said in a press note that…
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