The North Sea decommissioning picture is murky at best, and its constantly evolving timetable is proving difficult to plan for, judging by the qualifying comments of a number of operators and regulators, of late.While the technology of offshore…
Vår Energi announced it has awarded a rig contract to Seadrill to secure the West Phoenix drilling rig for work on the Balder Future redevelopment project in the Norwegian sector of the North Sea. The contract, which is subject to authority approval of the $2…
Norwegian energy firm BKK announced plans to build an offshore power grid in the North Sea, in a more than $2 billion project to help the country's oil and gas industry cut greenhouse gas emissions.It will undertake the project with infrastructure company CapeOmega…
It’s not your typical marginal field — centered on a concrete gravity-based structure (GBS) that once boasted production records — but Draugen in the Norwegian Sea had become “immaterial” to Shell. When it first delivered oil in 1993, Norwegians looked forward to the spoils in 1…
Norway's minister for oil and energy, Kjell-Boerge Freiberg, will step down from the cabinet on Wednesday, public broadcaster NRK reported, citing anonymous sources.Freiberg's ministry is, among other things, in charge of managing the government's majority stake in oil firm Equinor…
Maersk Drilling said it has been notified by Perenco that the Anglo-French oil and gas company is canceling a three-well contract for the jack-up rig Maersk Resolute in the UK North Sea due to scheduling overruns.According to Perenco, the cancellation…
A seismic shift in the dialogue around big oil and climate has occurred in the past 12 months. It’s a change in how big oil is orientating itself around what many call the energy transition. Climate goals - governmental, international and industry…
Oil firm Vår Energi, majority owned by Italy's Eni, aims to recover 136 million barrels of oil equivalent (boe) from the Balder area off Norway, the company said on Tuesday, as it presented a redevelopment plan for the field.The 19.6 billion crown ($2…
Oil and gas company Aker BP announced on Tuesday it has produced first oil at its Valhall Flank West normally unmanned installation (NUI) in the Norwegian sector of the North Sea.The NOK 5.5 billion ($609.5 million) development aims to produce…
A slew of reports out of Norway over the past month point to rising oil industry salaries (and therefore costs) after two years that saw heavy investments offshore.For the 225,000 Norwegians who work in oil and gas, both hikes are good news…
A new compensation format will help improve efficiency asEquinor said it has awarded framework agreements to five suppliers to provide safety and automation systems for the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway…
The UK’s latest offshore licensing round has attracted 'considerable interest' despite concerns surrounding domestic oil and gas production amid government commitments to net zero emissions by 2050, the UK Oil & Gas Authority (OGA) said on Monday…
Vår Energi, majority owned by Italy's Eni, will on Tuesday present a plan for how to redevelop its Balder and Ringhorne fields in the North Sea, extending their output, the Norwegian energy ministry said on Monday.Overall investments in the…
A Turkish drone meant to help seek hydrocarbons in the eastern Mediterranean landed at an airport on the divided island of Cyprus on Monday, a Turkish official said, in a move that could further stoke tensions between Turkey and Greece.The breakaway…
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a Project Management Services contract to support BP’s operations in Azerbaijan and Georgia.The three-year contract will support…
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