The Norwegian Competition Authority is considering blocking Prosafe's acquisition of its competitor Floatel International Ltd on the grounds that the combined firm would dominate its market, it said on Monday.The two companies are the only providers…
Norwegian engineering and construction services company Kvaerner said it will ramp up its focus on floating production and renewables projects in an effort to achieve 40% growth within two years.Going forward, Kvaerner will expand operations…
Engineering consultancy Crondall Energy said it has been awarded a contract by Pharis Energy to deliver a concept select study for the operator’s heavy oil Pilot field development in the Central North Sea.According to a statement issued today by Crondall Energy…
Norwegian authorities have given consent to operator Equinor to extend production from the Tordis field in the North Sea.Equinor, which had applied for consent to extend the operating life of the facilities on the Tordis field, is now approved to use of the facilities through 2036…
Private-equity backed oil and gas firm Neptune Energy plans to be ready for an initial public offering by April next year, Chief Financial Officer Armand Lumens said on Thursday.Neptune, backed by the Carlyle Group and CVC Capital partners and headed by former Centrica boss Sam Laidlaw…
Spain's Repsol believes it can start producing oil at the Norwegian Yme oilfield in the first half of next year, a partner in the field said on Wednesday.'Repsol, the operator of the field, is confident that Yme could start production in the first half of 2020…
Norway's Aasta Hansteen field, which exports gas to Britain and other European countries, has on several occasions produced more than its maximum level, pipeline operator Gassco and operator Equinor told Reuters.Located in the Norwegian Sea…
One of the world's largest oil and gas companies is using advanced technology originally designed for use on Mars to remotely monitor methane emissions from its offshore assets in the North Sea.A pilot project being run by UK supermajor BP,…
The reaction of the gut is unease to news reports ExxonMobil might be selling $4 billion in offshore assets to Norway’s Vår Energi (the former Eni Norge) and pulling out of the North Sea.More operator and supermajor consolidation away from an oil province sounds all bad…
UK independent Hurricane Energy announced it has struck oil in its Lincoln Crestal well West of Shetland.Responding to speculation around flaring from the Transocean Leader drilling rig, the company issued a statement confirming that a drill…
DeepOcean Group said it will split its DeepOcean UK subsidiary into two entities, creating DeepOcean Subsea Cables and a new division with a standalone brand for its seabed intervention and trenching business.The split and new brand announcement are scheduled to be finalized within 2019…
Output from the Equinor-operated Johan Sverdrup oil field in the North Sea will rise to 660,000 barrels per day (bpd) by 2022, from 440,000 bpd by early 2020, a company executive said on Monday.Output from the field will start up in October…
Dolphin Drilling will establish its international headquarters in Aberdeen, showing its commitment to the North Sea at a time of increasing optimism for the drilling industry, the offshore drilling contractor announced on Friday.The company…
The Danish Energy Agency (DEA) and transmission system operator Energinet have scheduled for 25th of November 2019 market dialogue for potential bidders and investors for the upcoming Thor offshore wind farm tender.The Thor offshore wind farm…
Norway's Equinor and its partners in the Northern Lights underground carbon dioxide (CO2) storage project offshore Norway have signed preliminary agreements with seven potential industrial customers for the venture.The agreements are a crucial…
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