Offshore Europe News - page 240

 

Norway's Aker BP to Drill Wells in Arctic Barents Sea, CEO Says

Aug 29, 2022

Aker BP plans to drill up to 15 exploration wells next year, including in the Arctic Barents Sea, Aker BP Chief Executive Karl Johnny Hersvik said on Monday.'Our plan is to drill somewhere in the range of 12-15 wells and I'm assuming we will have the same level going forward…

Germany Secures Link to Planned Baltic Sea Renewable Energy Island

Aug 29, 2022

Germany has secured a power link to a planned offshore wind hub in the Danish part of the Baltic Sea that will help reduce energy dependence on Russia, Denmark's energy ministry said on Monday.The planned energy hub on the island of Bornholm…

Aker BP Drills Dry Well in Norwegian Sea

Aug 29, 2022

Norwegian oil and gas company Aker BP ASA has drilled a dry well in the production licence 941 in the Norwegian sea, the Norwegian Petroleum Directorate has informedThe exploration well 6507/3-16 was drilled about 12 km northeast of the Skarv…

Northern Lights JV in Yara CO2 Subsea Storage Deal

Aug 29, 2022

Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertilizer maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.The joint venture…

Norway's Equinor Eyes Sale of Stake in Statfjord Offshore Field

Aug 29, 2022

Norway's Equinor is considering selling a 28% stake in the Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen by Reuters showed. The company has hired U…

Heavy Norwegian Gas Maintenance Adds to Energy Price Pressure

Aug 26, 2022

Norway, which has overtaken Russia as the biggest gas supplier to Europe in the wake of the war in Ukraine, will curtail its gas exports significantly next month due to heavy maintenance activity, with some work deferred from earlier this year…

NSNR Taps Shearwater for Devil’s Hole Horst Prospect Survey

Aug 26, 2022

Marine seismic survey contractor Shearwater GeoServices has won a contract for a 3D survey of the Devil’s Hole Horst prospect in the UK North Sea by North Sea Natural Resources (“NSNR”).The towed streamer survey covers approximately 1,586 sq km and will be carried out by the SW Bly vessel…

Neptune Energy Finds Oil at Ofelia Well Near Gjøa Platform

Aug 26, 2022

Oil and gas company Neptune Energy said Friday it had made a new commercial discovery at the Ofelia exploration well, near the Gjøa field in the Norwegian part of the North Sea. The plan is to develop the discovery as a tie-back to the Gjøa platform…

Dutch Build Out North Sea Wind Farms, Test Floating Solar Panels

Aug 25, 2022

Wind turbines, floating solar panels, and green hydrogen at sea are among the projects under construction off the Dutch coast, as a country famed for its water engineering prowess builds out its renewable energy infrastructure.On a tour of North Sea facilities on Aug…

New Decommissioning Hub in Aberdeen to Create Up to 50 New Jobs

Aug 25, 2022

CessCon Decom,  a Scotland-based firm specializing in decommissioning of oil and gas structures, plans to launch a decommissioning hub at the Port of Aberdeen’s £400 million South Harbour expansion in Q3 2022, creating up to 50 new jobs.The…

Nord Stream Turbine Tension Puts Focus on Gas Pipeline Parts

Aug 25, 2022

Tension over giant turbines that Moscow blames for the reduction of flows via the Nord Stream 1 gas pipeline has put the focus on the equipment it needs to operate.The crucial part is a Siemens Energy turbine that is 12 meters long, weighs 20 tonnes…

Oil Companies Must Boost Offshore Exploration in Norway to Unlock Potential, NPD Says

Aug 25, 2022

Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea for the country to find the remaining reserves of oil and gas beneath its oceans, the Norwegian Petroleum Directorate said on Thursday…

DEME Offshore, Havfram to Jointly Offer Offshore Wind Services in Norway

Aug 25, 2022

Belgium-based offshore installation company DEME Offshore and Norway-based offshore services firm Havfram have signed a memorandum of understanding to jointly offer construction services to the offshore wind farm sector in Norway. 'Both DEME…

Harbour Energy Ups Buybacks to $300M after Free Cash Flow Jump

Aug 25, 2022

Harbour Energy, the UK North Sea's biggest oil and gas producer, increased a share buyback program by 50% to $300 million on Thursday as it reported first-half free cash flow of $1.4 billion.Harbour, which is set to produce just over 200,000…

UK's Gas Output Up 26% in 1H 2022

Aug 24, 2022

Gas production in the United Kingdom rose 26% in the first half of this year compared to the same period last year, an industry body said on Wednesday, as Britain cuts Russian energy imports in response to Moscow's invasion of Ukraine.The 3…

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