OCTIO, as of recently a subsidiary of Reach Subsea, has secured a multi-year geophysical monitoring contract with Shell in Norway for the Ormen Lange offshore field. “OCTIO welcomes the opportunity to continue to support A/S Norske Shell at Ormen Lange…
Norwegian offshore vessel operator Solstad Offshore has secured several contracts for its construction support vessels.The contracts, for deployment in the North Sea, Brazil and West Africa, will have a combined total length of 640 days, with additional extension options available upon expiration…
Oil and gas firm Vaar Energi said on Friday its planned stock market listing in Oslo this month could value the Eni spin-off at up to 79 billion Norwegian crowns ($9.1 billion).The touted price tag could make Vaar Norway's third-largest new stock market entrant of all time…
The British government believes the North Sea oil and gas industry should play a role in the country's transition to net zero, finance minister Rishi Sunak said on Thursday.'We believe in the future of the North Sea, we believe in the oil and gas industry…
No scientific medical basis exists for refusing to allow unvaccinated personnel to travel to offshore platforms in Norway, the Petroleum Safety Authority Norway said recently, citing a conclusion from the Rogaland county governor.'Some offshore…
Offshore vessel owner Solstad Offshore said Thursday it had sold three anchor handling vessels to undisclosed buyers, and also secured work for two platform supply vessels in the UK North Sea.Haugesund, Norway-based company said Thursday it…
XOCEAN last week launched an Uncrewed Surface Vessel (USV) in Ireland to carry out an environmental survey of the seabed in collaboration with Dundalk Institute of Technology (DkIT). Launched off County Louth coast, off the Mid-East Region of Ireland…
Norway has approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, the ministry for petroleum and energy said on Wednesday.Equinor and its partners plan to invest 6.5 billion Norwegian crowns ($742…
Saudi Aramco has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP, Cognite said on Wednesday.The price for the stake was 'around 1 billion Norwegian crowns,' or about $113 million, an Aker BP spokesperson told Reuters…
The United States, the world's top natural gas producer, has asked Qatar and other major energy producers to divert gas supplies to Europe if Russia attacks Ukraine and the United States imposes sanctions on Russia.Russia, which supplies around a third of Europe's gas…
Sweden's Lundin Energy reported on Tuesday a bigger-than-expected rise in operating profit for the final quarter of 2021 amid a surge in the price of crude oil and natural gas.Lundin's earnings before interest and tax (EBIT) for October-December rose to $1…
Norwegian oil and gas company Equinor has drilled a dry well on the Ginny exploration prospect 6407/9-13 in the Norwegian Sea, and the drilling operations are now being concluded, OKEA, a partner in the project said Wednesday.The well, in production license PL1060…
UK-based oil and gas company Harbour Energy said Wednesday that Phil Kirk had notified the Board of his intention to step down as Executive Director, President, and CEO Europe, with effect from February 28, 2022.Kirk was previously Chief Executive Officer and founder of the Chrysaor Group…
Offshore drilling contractor Odfjell Drilling has informed that its Deepsea Stavanger semi-submersible drilling rig has started its contract with the Norwegian oil firm Equinor.The contract was first announced in May 2021, when it was shared…
Shares in Italian energy services group Saipem slid to their lowest level in three decades after a shock profit warning left leading shareholders scrambling to find a way to bolster the company's finances.At 1045 GMT the shares were down 4%…
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