Offshore Europe News

 

ANALYSIS-Has Britain Lost Its Climate Crown?

Sep 26, 2023

Britain, which was quick to set ambitious climate goals, is now stumbling on the path to reach net zero emissions by 2050 and facing hurdles that could resonate with nations trying to balance their targets with politics and the cost of action.After setting world-leading CO2-cutting targets into law in 2019, Britain has struggled to get on track to make them happen. Electric vehicle charging points are being installed slower than targeted…

Global Underwater Hub Hosts Royal Visit from King Charles

Sep 29, 2023

A UK-based trade body representing companies operating in the UK subsea sector, Global Underwater Hub (GUH), received a visit from King Charles on Friday, September 29.GUH said it had provided King Charles with a tour of its premises in Westhill on the outskirts of Aberdeen…

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Sep 29, 2023

Oilfield services giant Baker Hughes said Friday it had secured two 'major' contracts from the Norwegian oil and gas company Vår Energi.The first contract, a nine-year engagement, is for well intervention. In addition to the interventions scope…

Europe: Gas Prices Fall as Some Norwegian Outages End

Sep 29, 2023

Dutch and British wholesale gas prices fell on Friday morning as Norwegian pipeline supplies picked up after some maintenance outages ended.The Dutch October contract edged down by 0.68 euro to 38.95 euros per megawatt hour (MWh) by 0820 GMT…

Four Firms Apply for CO2 Storage Acreage Offshore Norway

Sep 29, 2023

The Norwegian Petroleum Directorate said Friday it had received applications from four companies with proposed acreage for storing CO2 in the North Sea, offshore Norway.While the applications came from four companies, NPD said it had received two applications…

Breidablikk Oil Field Gears Up for Production Start-up as NPD Grants Consent

Sep 28, 2023

The Norwegian Petroleum Directorate (NPD) has granted consent for the start-up of production from the Equinor-operated Breidablikk field in the North Sea, offshore Norway.According to NPD, which will change its name to Norwegian Offshore Directorate from January 1…

GEOS to Sell VOS Sugar Offshore Vessel at 'Substantial Profit'

Sep 27, 2023

The Norwegian offshore vessel owner Golden Energy Offshore Services AS (“GEOS”) said Wednedsay it had entered into a memorandum of agreement (the “MoA”) with an undisclosed buyer for the sale of the subsea support vessel VOS Sugar.The VOS Sugar…

Europe Heads More Comfortably into Winter Without Russia's Nord Stream Gas

Sep 27, 2023

High levels of gas storage, lower energy prices and new sources of fuel mean Europe is heading into a second winter with scarce Russian gas in a more comfortable position than a year ago.After decades of relying on Russia to supply cheap gas…

Norway's Equinor Signs 5-year Gas Supply Deal with Austria's OMV

Sep 27, 2023

Norwegian energy group Equinor has signed a five-year agreement to supply gas to Austria's OMV as part of the latter's supply diversification strategy, the companies said on Wednesday.Equinor will deliver 12 terawatt hours (TWh) of natural gas starting on Oct…

Spanish Firm Signals interest in Offshore Wind Farms in Portugal

Sep 26, 2023

Spanish renewable energy firm Capital Energy has submitted requests for a preliminary environmental analysis for three floating offshore wind farms with a total power of 2 gigawatts, Portugal's environmental agency APA said on Monday. In July…

Ramboll Joins Global Offshore Wind Alliance

Sep 25, 2023

Danish engineering group Ramboll has joined the Global Offshore Wind Alliance, a public-private forum working to accelerate global offshore wind capacity. Founded by the Government of Denmark, the International Renewable Energy Agency (IRENA)…

CORRECTED-Lego Abandons One of Its Projects to Make Oil-free Bricks

Sep 25, 2023

Danish Toymaker Lego has abandoned its most high-profile effort to ditch oil-based plastics from its bricks after finding that its new material led to higher carbon emissions, the Financial Times reported on Sunday. Lego found that bricks made from recycled polyethylene terephthalate (RPET)…

Why the Volatile South Caucasus is Important for Oil and Gas supplies

Sep 22, 2023

Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict. Developments over Karabakh could alter the geopolitical balance in the South Caucasus…

Dry Well for Aker BP, Equinor in Norwegian North Sea

Sep 22, 2023

The Norwegian oil company Equinor has drilled a dry well in production license 035 in the North Sea, offshore Norway, the Norwegian Petroleum Directorate said Friday.'Equinor Energy is concluding the drilling of exploration well 30/11-15 in the North Sea…

Erdogan Says Turkey, Israel to Take Steps in Energy Drilling Soon

Sep 22, 2023

Turkey and Israel will soon begin taking joint steps in energy drilling, President Tayyip Erdogan was cited by Turkish media as saying on Thursday, adding the two countries would also operate energy networks to Europe through Turkey.Erdogan…

Current News

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

Global Underwater Hub Hosts Royal Visit from King Charles

Global Underwater Hub Hosts Royal Visit from King Charles

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

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