Norwegian energy company Equinor said it has completed the sale of shares in Swedish independent Lundin Petroleum and acquisition of greater interest in the giant Johan Sverdrup field offshore Norway following all conditions being met, including government and regulator approvals…
Chinese President Xi Jinping said China and the Philippines could take a 'bigger step' in the joint development of oil and gas resources in the South China Sea if they can 'properly' handle their dispute over sovereignty.Xi made the remarks…
Collaboration within the offshore energy industry has never been more important and mutually beneficial. Vessel sharing in the North Sea and beyond ensures efficiencies for companies that cannot be achieved when operating in isolation. One example…
Norway's Johan Sverdrup field could begin oil shipments in October, earlier than the scheduled November start, an Equinor spokesman said on Friday, adding that oil market participants had been notified.The startup of production at Sverdrup, the largest North Sea discovery in more than three decades…
The new discovery offshore Equatorial Guinea’s Block 1 by US-based exploration and production company Noble Energy puts the West African country on the road to reversing declining oil and gas output should the project be turned into a viable commercial venture…
UK-based Specialist Marine Consultants (SMC) has been awarded a contract to provide Marine Coordination services to Siemens Gamesa Renewable Energy (SGRE) at the Formosa 1 offshore wind farm, Taiwan’s first commercial offshore windfarm.The Formosa…
Northland Power has completed installation of 31 MHI Vestas turbines on the monopile foundations for the 269MW Deutsche Bucht offshore wind farm in the German North Sea.MHI Vestas Offshore Wind said that the 31 wind turbines were installed on…
UK-based marine environmental and planning consultancy MarineSpace Limited has been awarded a place on the UK environmental impact assessment (EIA) framework agreement for Ørsted Wind Power A/S.The award means MarineSpace will be eligible to…
Subsea technology company Rovco announced that it has generated £10.5 million ($12.8 million) of sales and awards through technology provision, research grants, data collection, and surveying projects over the last 12 months.The Bristol-headquartered company…
Panoro Energye announced an 89% increase in 2P oil reserves at the Dussafu Production Sharing Contract (Dussafu PSC), offshore Gabon.A mid-year update report from independent reserves auditor Netherland, Sewell & Associates Inc. (NSAI) on certain…
Oceaneering announced it will combine seven Aberdeen properties into one office location and a new, purpose-built workshop, in a move to streamline operations and drive cost efficiencies.The 50,000-square-foot office in Aberdeen International…
Private-equity backed Neptune Energy reported an operating cash flow of $613 million for the first half of the year, up around 5% from a year earlier, as the potential stock market debutante eyes 2019 output of up to 155,000 barrel of oil equivalent…
Oslo and New York-listed Borr Drilling, partly owned by Schlumberger, said on Thursday it expected strong core earnings growth in coming months with demand for its rigs set to rise.The offshore drilling rig contractor reported a negative adjusted earnings before interest…
The future of the oil field is digital.Qasem Al Kayoumi, ADNOC’s SVP, technical center, said all the company’s new field developments will rely on digital technology. Speaking at the Life 2019 Landmark Innovation Forum & Expo in Houston, he…
China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm of state-owned China National Offshore Oil Corp said that it…
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