Israeli energy conglomerate Delek Group said on Thursday its North Sea subsidiary Ithaca has acquired private equity-backed Siccar Point Energy for $1.1 billion [plus contingent payments totaling a maximum of USD 360 million].The acquisition…
Danish energy group Ørsted on Friday reiterated that it has no intention of paying Russia's state-controlled gas company Gazprom in roubles and said the decision was not politically motivated.Russian President Vladimir Putin has demanded foreign…
Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands.The Spanish government plans to develop up to 3 GW of offshore wind by 2030…
Britain has approved the development of East Anglia One and East Anglia Two offshore wind farms with a combined capacity of 1.7 gigawatts, located in Southwold off the coast of Suffolk in the North Sea, Britain's planning inspectorate said.Britain has a target to reach net zero emissions by 2050…
HAL Holding, which on March 10 announced plans to launch a takeover offer for the Dutch marine services and dredging giant Boskalis' all remaining shares, said Thursday it was making good progress with the offer preparation.The company had said…
Oil and gas company Neptune Energy said Friday it would double gas output from the Duva field in the Norwegian part of the North Sea, supporting increased supplies to the UK and Europe.'The partnership has worked closely with the Norwegian authorities…
Subsea services provider N-Sea has exercised its option to acquire Geosea DP2 multipurpose support vessel from DOF Subsea for an undisclosed sum.N-Sea is expected to become the owner of the 2002-built vessel during the second or the third quarter of 2022…
Danish offshore wind farm developer has acquired a majority stake in the 100MW Salamander floating wind joint venture set up by Simply Blue Group and Subsea 7.Ørsted will own an 80% stake in the project off the east coast of Scotland as Simply Blue Group’s newest JV partner on the project…
Norwegian oil and gas company OKEA has completed of the acquisition 2.223% working interest (WI) in the Ivar Aasen field from Neptune Energy.OKEA, which has a target of achieving production of 18,500 - 20,000 boe per day in 2022, paid $12 million…
Hundreds of climate change protesters blocked oil terminals across Britain on Friday with some supporters climbing on top of oil tankers as part of their campaign to force the government to end its reliance on fossil fuels.Extinction Rebellion…
Offshore services firm PACC Offshore Services Holdings (POSH) and mooring and marine service specialist First Marine Solutions (“FMS”) to explore growth opportunities for floating offshore wind in Europe.The two companies signed a Memorandum…
UK-based oil and gas company Hurricane Energy said Friday it had signed a contract with Bluewater, the owner of the Aoka Mizu FPSO, for an extension to the bareboat charter beyond the current expiry date of June 4, 2022.The FPSO has been producing…
U.S. oil major ExxonMobil has made a final investment decision for its fourth and largest oil field development offshore Guyana - the Yellowtail - after receiving government and regulatory approvals.ExxonMobil said that the Yellowtail project in the Stabroek Block is expected to produce about 250…
It is too soon for China's CNOOC to discuss fresh investment in Russia, though its 10% stake in a liquefied natural gas (LNG) project in the Russian Arctic is proceeding normally, Chairman Wang Dongjin said on Wednesday.Wang had been asked if…
Hungarian oil and gas company MOL has signed a deal to sell its entire upstream portfolio in the UK North Sea to Waldorf Production.The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes, and a 21…
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