Oil And Gas News

 

Equinor CEO Calls for More Offshore Wind Areas

Jun 21, 2021

Countries worldwide should make more offshore areas available for wind farms than they do currently if they want to fulfil their climate ambitions, the chief executive of Norwegian oil firm Equinor told Reuters.Like other European oil majors…

Vår Makes 'Significant' North Sea Discovery

Jun 21, 2021

Vår Energi announced a new significant oil and gas discovery in production license PL027 in the Southern North Sea, with the dual branch exploration wildcat Prince 25/8-20 S, King 25/8-20 B and the appraisal side-track 25/8-20 C in the King Paleogene prospect…

WTI-Brent Spread Narrows as Oil Market Tightens

Jun 21, 2021

The price gap between the world's two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied.North Sea Brent futures traded at a premium of $1…

As Big Oil Pushes into Offshore Wind, Seabed Lease Prices Will Rise

Jun 21, 2021

The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms including Total…

Odfjell’s WindGrid Floating Wind System Passes Milestone, Aims to Help O&G cut Emissions

Jun 21, 2021

DNV completed a concept verification review of Odfjell Oceanwind’s WindGrid (WindGrid) system for Mobile Offshore Wind Units (MOWUs). DNV’s review confirms the technical feasibility of the WindGrid system, and that expected reductions in CO2…

As Iran Eyes Return to Oil Trading, Storage at Sea Rises

Jun 21, 2021

Iran could quickly export millions of barrels of oil it is holding in storage if it reaches a deal with the United States on its nuclear program and has been moving oil into place to prepare for an eventual restart, four traders and industrial sources said…

Gulf States Will Take a Decade to End Oil Dependence

Jun 21, 2021

Countries in the oil-exporting Gulf will remain heavily dependent on hydrocarbon production for at least the next ten years as efforts to diversify economies have made limited progress since the 2014-2015 oil price shock, Moody's said.Reliance…

Early-season Gulf of Mexico Storm Trims Some US Oil Production

Jun 18, 2021

The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday…

Suncor, Partners Reach Tentative Deal on Future Path for Terra Nova FPSO

Jun 18, 2021

Canadian oil and gas company Suncor Energy said an agreement has been reached for the Terra Nova FPSO (and the namesake oil field) which was last year docked shoreside in Newfoundland after Covid-19 prevented the planned drydocking in Spain…

TotalEnergies, Qatar Petroleum, Chevron Submit Winning Bids for Suriname Offshore Blocks

Jun 18, 2021

U.S. oil major Chevron, and a consortium between France's TotalEnergies and Qatar's Qatar Petroleum have submitted winning bids for shallow-water offshore acreage in Suriname, Suriname's national oil company Staatsolie said Friday.Staatsolie…

Odfjell Oceanwind, Siemens Gamesa, Siemens Energy Collaborate on Floating Mobile Offshore Wind Units

Jun 18, 2021

Norwegian company Odfjell Oceanwind, which describes itself as the mobile offshore wind pioneer, has entered into a non-binding Memorandum of Understanding with Siemens Gamesa and Siemens Energy.Under the MoU Odfjell Oceanwind intends to use…

Jailed Ex-Unaoil Exec Ordered to Pay Up Over Iraq Bribery Plot

Jun 18, 2021

A former senior executive of Monaco-based oil and gas consultancy, who was sentenced to jail over a bribery plot in post-occupation Iraq, has been ordered to pay 402,466 pounds ($560,000) by a London judge.The UK Serious Fraud Office (SFO), which prosecuted the case…

Norway's May Oil and Gas Output Tops Forecast

Jun 18, 2021

Norway's oil and gas production exceeded official expectations in May, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output declined 4.2% from April to 1.654 million barrels per day (bpd) in May, while the NPD's forecast for the month had stood at 1…

Taqa Files Decommissioning Plan for Cormorant Alpha Platform Topsides

Jun 18, 2021

Oil and gas company Taqa has filed plans for the decommissioning of the topsides of the Cormorant Alpha platform in the North Sea.The Cormorant Alpha platform is located in Block 211/26 of the Northern North Sea (NNS),  approximately 103 km…

Romgaz, ExxonMobil in Exclusive Talks for Black Sea Block Deal

Jun 18, 2021

Romanian oil and gas company Romgaz said Friday it had signed an exclusivity agreement with ExxonMobil, in relation to Exxon's planned sale of rights in an offshore block in the Romanian part of the Black Sea.As previously reported, Romgaz in…

Current News

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Safety Boost: 4Subsea to Monitor Var Energi's Drilling Ops at Balder

Havyard Delivers Another Offshore Wind Service Vessel to Esvagt

Havyard Delivers Another Offshore Wind Service Vessel to Esvagt

Eco Wave Power Installs Spotter Buoy in Portugal

Eco Wave Power Installs Spotter Buoy in Portugal

Huge Interest in Norwegian Offshore Wind, Minister Says

Huge Interest in Norwegian Offshore Wind, Minister Says

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