Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands. In January 2020, Premier Oil, as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum…
Harbour Energy, the British North Sea's biggest oil and gas producer, reported on Thursday free cash flow of $678 million for 2021 in its first full-year results after its merger with Premier Oil, up from a pro-forma $562 million in 2020.It forecast that…
Falkland Islands-focused oil and gas exploration company Argos Resources said Monday that the Falkland Islands government has extended the second term of the company's PL001 offshore license.The license, which would have expired on May 2, 2022…
UK-based wave energy technology company Mocean Energy has said it has secured a major new investment to accelerate the commercial roll-out of its Blue Star wave machine. The new funds will drive the technology's adoption in subsea oil and gas…
Two outfits, one in Germany and one in the US, are chasing a goal of supplying long-term subsea power in remote locations, via fuel cells, to users including oceanographic observatories to underwater vehicles. Elaine Maslin takes a look.Long…
Shell is preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the aging basin, industry sources told Reuters.Shell is planning to offer…
Royal Dutch Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices, company and industry sources said.In recent weeks, Secretary of State at the Department of Business…
Norwegian offshore vessel owner Havila Shipping this week announced it has been awarded two separate platform supply vessel (PSV) charter contracts.On Monday, the company said it entered into a contract with Harbour Energy for the 2010-built…
China told Indonesia to stop drilling for oil and natural gas in maritime territory that both countries regard as their own during a months-long standoff in the South China Sea earlier this year, four people familiar with the matter told Reuters…
Chinese oil and gas company CNOOC has started production from the Buzzard Phase II development in the UK North Sea.Buzzard Phase II sits around 100 kilometers northeast of Aberdeen, Scotland, with an average water depth of approximately 96 meters…
The UK Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage licence (CS licence) to oil and gas company Harbour Energy, recently created via a merger between Premier Oil and Chrysaor.The license will cover an…
UK-based wave energy technology company Mocean Energy said Wednesday its Blue X wave energy machine had returned to dock after a successful five-month test period at sea.'In the last few days the 20-meter long, 38-tonne wave machine has been…
Oil and gas company Rockhopper Exploration on Thursday affirmed its intention to press ahead with the development of the Sea Lion offshore oil field in the Falkland Islands, a week after its partner decided to pull out.Rockhopper Exploration…
Wave energy firm Mocean Energy said Tuesday it has opened a new dedicated office in Aberdeen to meet rising oil and gas industry interest in the decarbonization of North Sea assets.The Edinburgh-based firm is working to develop a wave energy…
Offshore drilling firm Aquadrill - ex-Seadrill Partners - has secured a contract for its Capella drillship in Indonesia.The MPD outfitted 6th generation drillship, managed by Vantage Holdings International, will drill two wells, with an option for two more…
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