President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation…
Premier Oil shareholders on Tuesday voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea's biggest oil and gas producer in which Premier shareholders will hold about 5.5%.'Shareholder approval for the Transaction has now been received…
Norwegian oil company Vår Energi has appointed Torger Rød as the company’s new CEO. Rød will take over from Kristin F. Kragseth who has recently accepted the position as CEO of Petoro, the management company for the Norwegian state-owned oil and gas interests…
A judge in The Bahamas has refused to grant any orders that would affect Bahamas Petroleum Corporation's current operations in the country, meaning that the drilling of Perseverance #1 well, spudded on December 20, will continue. Further hearings…
The Russia-led Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters after construction was suspended for a year owing to the threat of sanctions from the United States, according to a Danish maritime regulator.Nord Stream 2…
Heerema Marine Contractors' giant semi-submersible crane vessel Thialf has recently completed the eight-month long campaign to remove the Sable Project’s offshore platforms for ExxonMobil in Canada.The vessel Thialf arrived in Canada in early…
Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018…
Oilfield services giant Baker Hughes has launched what it calls engageSubsea remote – an extension of its engageSubsea platform - which serves as an equipment inspection tool, technical support, and operational management platform.Baker Hughes…
Chinese oil giant CNOOC has kicked off infill drilling operations at its Weizhou 6-12 Fields of Block 22/12, Beibu Gulf, offshore China.The news was shared Friday by CNOOC's partner Horizon Oil, which said that the two well infill drilling program…
The global pandemic has led to a drop in the global demand for offshore helicopter transport services, Rystad Energy said this week, however, adding that an improvement is expected in 2021.Per Rystad, a Norway based energy market intelligence company…
Norwegian oil firm Equinor has been granted authorization to drill two wells at the Blasto prospect in the North Sea, off Norway.The Norwegian Petroleum Directorate said Friday it had granted Equinor a drilling permit for wildcat well 31/2-22…
Final offshore wind turbine has been installed at the Blauwwind consortium's Borssele III/IV offshore wind farm project site in the Dutch North Sea, MHI Vestas, the turbine manufacturer said Friday.The last of 77 MHI Vestas V164-9.5 MW turbines…
A key export terminal for Norwegian natural gas will close down on Saturday if a labour strike goes ahead as planned, resulting in a reduction of supplies to Europe, gas system operator Gassco said on Friday, sending prices sharply higher.The…
Abu Dhabi's national oil company ADNOC said Thursday it had awarded a contract worth up to $519 million to Chinese seismic contractor BGP to further expand the scope of what it says is the world’s largest combined 3D onshore and offshore seismic survey…
Falling oil prices and the Covid-19 effects have forced oil and gas companies to cut their spending wherever possible, leading to, as a consequence, to delays with planned UK North Sea decommissioning programs, with a 30 percent drop in decom expenditure expected in 2020…
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