Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday.Ofgem said the tests should ensure new entrants are robust while encouraging competition in the market…
Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale project triggering ripple effects throughout Norway…
Heerema Fabrication Group (HFG) announced Tuesday that it intends to divest its activities at the locations in Zwijndrecht, the Netherlands and Hartlepool, U.K. The Dutch firm, which builds large structures for the offshore energy industry,…
Oil and gas companies plan to drill 40-50 exploration wells on the Norwegian continental shelf in 2019, similar to levels seen in 2018, the head of exploration activities at the country's Petroleum Directorate told a conference on Tuesday.Norway…
Norway’s overall, oil-fueled economic expansion may be hampering the offshore industry from recruiting the engineering talent it needs, just as signs of recovery appear from segment-to-segment.More openly than ever, a Norway-based offshore industry…
Russia's largest independent natural gas producer Novatek announced that its wholly owned subsidiary OOO Novatek-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous…
North Sea Forties crude differentials fell to a three-year low on Monday, pressured by ample prompt supplies and limited demand.Ekofisk DelaysSome Ekofisk cargoes for loading in November have been delayed by a few days because of unplanned maintenance…
Nexans announced Monday it has secured a contract to supply of over 200 kilometers of the high voltage alternating current (HVAC) subsea export cable system for the near shore section of the world's largest offshore wind farm. The contract…
Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company.Various news paper reports say that British…
U.K. Continental Shelf focused Azinor Catalyst Limited announced on Thursday an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the North Sea.The initial 9/14a-17B well on the Agar-Plantain Prospect…
Norway's Bergen Group has appointed Nils Hoff as its new CEO and Morten Riiser as CFO, effective Thursday.Hoff succeeds Torgeir Nærø, who has resigned as CEO to pursue other opportunities. The outgoing cheif executive will take on an advisory position until the end of Q1 2019…
Norwegian services company Aibel said it has been awarded a front end engineering design (FEED) contract for Gudrun Phase 2 Water Injection in the North Sea. The contract with operator Equinor also includes an option for the actual implementation in the form of engineering…
Aker BP said it will become the first oil company in Norway to control operations of a permanently manned offshore platform from land from next year.Operating platforms remotely can be done with fewer staff than doing it offshore and other oil…
In a major developement, international consulting group COWI announced it plan to increase its presence in the USA significantly with the consultancy contract with Vineyard Wind in Massachusetts – the first major US offshore wind energy project…
The U.K.’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the U.K. Continental Shelf (UKCS). A strong and diverse set of applications were received from 35 companies ranging from multinationals to microbusinesses…
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