Offshore Europe News

 

Eni Officially Enters Giant Offshore Wind Project in UK

Feb 26, 2021

Italian oil and gas company Eni has completed the acquisition of a 20% stake in total in the Dogger Bank A & B offshore wind projects in the UK, which are part of the world's largest offshore wind project in development.As previously reported, Eni in December 2020 struck deals with Equinor and SSE to acquire from each a 10% percent stake in the 2.4 GW Dogger Bank A and B wind farms for GBP 405 million in total…

Tullow Agrees $1.7B Reserve-based Loan with Banks

Feb 26, 2021

Tullow Oil Plc said on Friday it has agreed to a new reserve-based loan of about $1.7 billion with its banks, taking its liquidity to roughly $900 million, including free cash and available debt.The oil and gas company, which has been in talks with creditors…

SSE Renewables, Acciona JV to Target Offshore Wind Opportunities in Portugal, Spain

Feb 26, 2021

UK-based SSE Renewables and Spanish Acciona have this week signed an exclusivity agreement to create a joint venture targeting the emerging Spanish and Portuguese offshore wind markets. 'Spain and Portugal have both set net-zero emissions targets…

Norway Launches Consultation on Offshore Licensing Round with 84 New Blocks

Feb 25, 2021

Norway launched a consultation on Thursday on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea.The maps attached to a statement by the Petroleum and Energy…

Borssele V Offshore Wind Farm Innovation Site Fully Built

Feb 25, 2021

The Two Towers consortium, comprised of Van Oord, Investri Offshore, and Green Giraffe, on Thursday said that the innovative Borssele Wind Farm Site V offshore the Netherlands had been fully commissioned. Designated an innovation site, Borssele V features two Vestas 9…

Alexey Miller to Stay at Gazprom Helm for Five More Years

Feb 25, 2021

Alexey Miller will remain at the helm of the Russian oil and gas giant Gazprom for another five years, the company said in a statement on Wednesday. 'The Board of Directors reviewed the issue of electing the Chairman of the Gazprom Management…

TWMA to Handle Spirit Energy's Offshore Drilling Waste

Feb 25, 2021

UK-based drilling waste management company TWMA has said it has won a seven-figure contract with oil and gas company Spirit Energy.  The first scope of a five-year contract will see TWMA provide drilling waste management services on the harsh…

EnQuest Farms Down 85% Stake in North Sea Discovery for $1

Feb 25, 2021

UK-based oil firm EnQuest has signed an agreement with Anasuria Hibiscus UK to farm-down an 85% working interest in the Eagle discovery located in the UK sector of the North Sea.Anasuria Hibiscus UK will become the operator of the discovery…

Spain's Iberdrola to Spend $182B by 2030 to Triple Renewable Capacity

Feb 25, 2021

Europe's biggest wind power generator Iberdrola on Wednesday pledged to spend 150 billion euros ($182.39 billion) by 2030 to triple its renewable capacity and double its network assets.Years of investment in low-emission generation and power…

Report: Baker Hughes, 17 Other Firms Quit Nord Stream 2 Pipeline Project to Avoid Sanctions

Feb 25, 2021

Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters…

Blue Gem Wind Pressing Ahead with Valorous Floating Wind Farm

Feb 24, 2021

Blue Gem Wind, a joint venture between French firm Total and Irish-based Simply Blue Energy, has filed an environmental scoping report for Valorous, a proposed 300 MW floating offshore wind farm in the Celtic Sea, off Wales.Valorous is the second…

The Netherlands: Six Oil and Gas Firms Launch Joint Well Decom Campaign

Feb 24, 2021

Six oil and gas operators in The Netherlands, within the Nextep partnership, are working on a major campaign to decommission oil and gas wells as part of a single campaign. Nexstep, the Dutch association for decommissioning and reuse of oil and gas infrastructure…

Romania: BSOG to Start Gas Production from $600M Black Sea Project in November

Feb 24, 2021

Romania-based Black Sea Oil & Gas (BSOG) will begin extracting natural gas from its $600 million offshore Romanian project in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax.The additional…

ExxonMobil Sells UK North Sea Fields to NEO for More Than $1B

Feb 24, 2021

North Sea-focused oil company NEO Energy has struck a deal to buy ExxonMobil's UK North Sea assets, a month after it was announced the companies had started exclusive talks over a potential transaction.Backed by Norwegian private equity investor HitecVision…

CWind's Next-Gen Offshore Wind Crew Transfer Vessel Launched

Feb 23, 2021

CWind, offshore wind crew transfer specialist, on Tuesday announced the delivery of what it described as 'the world’s first hybrid-powered Surface Effect Ship (SES),' the CWind Pioneer crew transfer vessel.CWind said that the crew transfer vessel…

Current News

Green Rigs: Collaborative Solutions for Greener Drilling Operations

Green Rigs: Collaborative Solutions for Greener Drilling Operations

Product Focus: Combat COVID-19 with Walk-Through Sanitizer

Product Focus: Combat COVID-19 with Walk-Through Sanitizer

Shell Accelerating Renewables Push in Germany

Shell Accelerating Renewables Push in Germany

Denmark Might Not Reach Its 2030 Emissions Reduction Goal as It 'Relies on Unproven Tech'

Denmark Might Not Reach Its 2030 Emissions Reduction Goal as It 'Relies on Unproven Tech'

Subscribe for OE Digital E‑News

Offshore Engineer Magazine