Offshore Europe News

 

Nigerian Offshore Oil Graft Case: Appeals Filed After Acquittal of Eni and Shell

Jul 29, 2021

Italian prosecutors and the Nigerian government have appealed the acquittal of Eni and Shell, as well as a series of past and present managers, in a Nigerian corruption case, according to a document seen by Reuters.In March, a Milan court acquitted the two companies and defendants in the oil industry's biggest corruption case involving the $1.3 billion acquisition of a Nigerian oilfield a decade ago…

Magseis Fairfield to Conduct North Sea OBN Survey

Aug 03, 2021

Marine seismic survey firm Magseis Fairfield said it has been awarded a multi-client ocean bottom node (OBN) survey in the North Sea.The survey, which is expected to require approximately two months to complete starting from the third quarter of 2021…

IOG Spuds Blythe Development Well

Aug 03, 2021

U.K. gas company IOG announced the spudding of the Blythe development well in the U.K. North Sea.Following Elgood, Blythe is the second development well in IOG's Phase 1 project and is expected to take under three months to drill and complete…

TechnipFMC to Take Full Ownership of Well Intervention Firm TIOS

Jul 30, 2021

Oilfield services giant TechnipFMC plans to acquire the remaining 49% of shares in TIOS AS from Island Offshore.TIOS is an offshore well intervention joint venture formed in 2018 between TechnipFMC and Norwegian offshore vessel owner Island Offshore…

Harbour Energy Taps Xodus for Offshore Platform Electrification Support

Jul 30, 2021

North Sea oil and gas producer Harbour Energy has tapped consultancy Xodus to assess the infrastructure and modifications required to enable electrification of the oil and gas company's Central North Sea platforms.The move comes following the…

UK: Subsea 7 Installs Pipeline Bundle at CNOOC's Buzzard Offshore Field

Jul 30, 2021

Offshore installation company Subsea 7 said Friday that July 2021 marked the successful installation of a 5km pipeline bundle for China-based CNOOC's Buzzard Phase II (BPII) project in the UK North Sea, moving the project a step forward towards…

'World's Most Powerful Tidal Turbine' Brought Online in Scotland

Jul 29, 2021

O2, dubbed the world's most powerful tidal turbine, and built by the Scottish engineering firm Orbital Marine, has this week started power generation at the European Marine Energy Centre (EMEC) in Orkney. The floating turbine is anchored in…

Gazprom to Buy Gas from IOG's UK North Sea Fields

Jul 29, 2021

Oil and gas company IOG, focused on developing gas fields in the Southern North Sea, off the UK, has signed a gas sales agreement with Gazprom Marketing & Trading Limited ('GM&T').The contract follows a competitive offtake process involving more than 10 bidders over recent months…

Norway: Neptune Energy Gets Green Light to Start Up Duva Offshore Field

Jul 28, 2021

The Norwegian oil and gas authorities have approved the start-up of the Neptune Energy-operated Duva field in the North Sea.Neptune Energy estimates the reserves at around 71 million barrels of oil equivalent to be at the field.The Duva oil…

LNG Price Recovery Spurs Spending in Race against Carbon Targets

Jul 28, 2021

The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the industry emerges from the pandemic…

Subsea Tech Firm Ashtead Appoints Chief Technology Officer

Jul 28, 2021

Ashtead Technology has appointed Graham Clark to the newly created position of Chief Technology Officer (CTO) to accelerate its technology and digitalization strategy.The subsea equipment rental and solutions provider for the offshore energy industry…

Hurricane Energy Restarts Lancaster Production after FPSO Shutdown

Jul 28, 2021

Oil production has resumed from Hurricane Energy's Lancaster field off the UK after the scheduled annual maintenance shutdown of the Aoka Mizu FPSO earlier in July.'Production from the 205/21a-6 well is currently stabilizing, and a further update…

UK's Support of North Sea Oil and Gas Producers Challenged in Court

Jul 28, 2021

The British High Court has agreed to hear a case by environmental campaigners claiming that the government's support of North Sea oil and gas companies conflicted with its plans to slash the country's carbon emissions by 2050.The legal challenge…

Seaway 7 Books Siem Offshore Vessel for Seagreen Wind Farm Work

Jul 28, 2021

Seaway 7, a renewables branch of offshore installation firm Subsea 7, has chartered one of Siem Offshore's offshore subsea construction vessels (OSCVs).The contract is set to begin in the fourth quarter of 2021, when the vessel will provide…

Equinor's 2Q Profit Rises

Jul 28, 2021

Norway's Equinor posted a sharp increase in second-quarter profit on Wednesday as prices of oil and gas rose, but its earnings fell short of expectations as its Norwegian unit missed forecasts.Adjusted earnings before tax rose to $4.64 billion…

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