The Nord Stream 2 pipeline to bring Russian gas to Germany should not be mixed up with political and human rights disputes with Moscow, a senior official from the Social Democratic Party (SPD) that leads Germany's coalition government told Reuters…
Exxon Mobil Corp on Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, catching up with rivals who are minimizing their carbon footprints.Exxon's 2050 plan, first mulled last year, covers emissions from its oil…
Norway has offered 28 companies ownership interests in a total of 53 offshore oil and gas production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2021.Awards in predefined areas (APA) is an annual exploration round in the most mature areas on the Norwegian shelf…
Offshore oil and gas drilling firm Transocean said Tuesday that one of its drilling rigs would later this year be used for a not-so-typical project for an offshore oil rig.Namely, the Norwegian oil firm Equinor plans to use the Transocean Enabler…
Fred. Olsen Seawind and Vattenfall 50/50 partnership was successful as bidder in the Crown Estate Scotland’s ScotWind offshore wind leasing round.The partnership has been awarded the rights to develop a floating offshore wind farm site located 67km off the east coast…
Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous…
Norway, the world’s top market for subsea tie-back projects in coming years, is facing an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, a Rystad Energy report reveals…
German oil company Wintershall Dea said Monday it had decided to terminate all its operations in Brazil and to close the current office in Rio de Janeiro after the execution of all required measures. 'This decision is the result of a very thorough…
Bluewater's Haewene Brim FPSO, normally used for oil production from Shell's Pierce Field in the UK North Sea, has recently arrived in Haugesund, Norway.Norwegian engineering and construction Aibel shared a video of the FPSO arrival in Haugesund…
More shuttle tankers will be needed in the years ahead to keep pace with a projected rise in oil volumes needing transport, Rystad Energy said.Produced volumes requiring transport key shuttle tanker markets Brazil, Canada, Norway, the U.K. and Russia are expected to rise to 3…
PGS, a Norwegian seismic data company best known for its offshore oil and gas exploration services, is expanding into the carbon capture and storage arena with its second carbon storage survey deal announced in as many days.Namely, a day after…
A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's actions amount to a type of unlawful subsidy of the fossil fuel sector.The ruling…
Energy industry services firm EnerMech has appointed Garry Ford as regional director for Asia Pacific.UK-based EnerMech said Ford would drive further business growth across the energy, industrial and infrastructure sectors and strengthen its existing oil and gas operations in the region…
Norway-based offshore wind developer Aker Offshore Wind said Thursday it remained committed to its strategy and to developing its international project portfolio despite the disappointing result in the ScotWind leasing round where the company did not secure any project licenses…
A South African high court today blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for oil and gas.On Dec. 3 a different…
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