Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off.Saipem has…
Norway's Hammerfest LNG plant faces a further delay before restarting production following a fire in 2020, Equinor and Norwegian gas system manager Gassco said on Monday.The plant, operated by Equinor, is now expected to resume output on May 17…
Finland's government has earlier this month granted research permits for three offshore wind power projects in Finland’s exclusive economic zone. Wpd Finland Oy was granted a permit for the research area west of Jakobstad. OX2 Finland Oy received…
Oilfield services giant Schlumberger will deploy its DELFI cognitive E&P environment on the Norwegian carbon capture and storage project Northern Lights.The Northern Lights project is operated by the namesake joint venture, owned by Equinor…
Norwegian carbon capture and storage project Northern Lights is set to receive four million euros from the EU under the Connecting Europe Facility (CEF) funding scheme.The Northern Lights joint venture, owned by Equinor, TotalEnergies, and Shell…
Norwegian Minister of Petroleum and Energy, Marte Mjøs Persen, will Thursday officially open the Martin Linge field, located in the North Sea, offshore Norway.As previously reported, the field came on stream in June 2021, after years of delays…
The operator of the Russian Nord Stream 2 gas pipeline has registered a subsidiary for the German part of the pipeline to meet German regulatory requirements, it said on Wednesday, though certification for the project still remains suspended by Berlin…
Oil and gas company Wellesley Petroleum has completed the drilling of the wildcat well 36/1-4 S in the North Sea off Norway, and the well is dry, the Norwegian Petroleum Directorate said Thursday. Wellesley Drilled the well some 40 kilometers…
Oslo-listed company Magnora has through its subsidiary Magnora Offshore Wind agreed Heads of Terms (HoT) for cooperation with the Welsh renewable energy developer Hiraeth Energy for the development of two floating offshore wind projects in the Celtic Sea with a total capacity of around 700 MW…
Oil and gas company Neptune Energy said Wednesday that output from its Gjøa platform offshore Norway had increased by two million barrels of oil equivalents (boe) from 2020 to 2021.Gross production over the Gjøa platform ended on 42 million boe in 2021…
UK-based offshore services business OEG Offshore said Tuesday it had acquired Manor Renewable Energy for an undisclosed fee, in a move to expand its renewables capability.The company said that the acquisition of the temporary power, engineering and vessel business…
German Chancellor Olaf Scholz said last week that Germany may consider halting the Nord Stream 2 pipeline if Russia attacks Ukraine, reflecting growing political pressure on the Gazprom-led project.Russia has massed troops on the Ukrainian border but denies it is planning an attack…
Oilfield services company Petrofac has secured a five-year contract extension for well management and well operator services with NEO Energy.Petrofac will provide a five-year framework for Well Management and Well Operator support for 27 wells across the Affleck…
Petrogas E&P Netherlands, a part of Petrogas E&P LLC, based in Muscat, Oman), has awarded Heerema Marine Contractors a contract to decommission multiple North Sea oil platforms.The contract is for the removal of the Haven, Hoorn, Helm, and Helder…
Eni and HitecVision-backed Point Resources Holding, owning respectively of 69.85% and 30.15% of the Norwegian oil and gas company Vår Energi AS, said Monday they planned to launch an initial public offering for Vår Energi and for the company to apply for a listing on Oslo Børs (the “IPO”)…
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