Norwegian oil and gas companies Vår Energi and Equinor have recently started a five-year helicopter-sharing agreement in the North Sea to reduce costs and environmental footprint of crew transport. The agreement for assigning helicopters took effect on January 1…
Norway's trade surplus rose to a new record in December, boosted by soaring prices for its natural gas exports, national statistics agency data showed on Monday.The December surplus hit 106 billion Norwegian crowns ($12.09 billion), beating a previous record of 84…
Danish offshore oil and gas drilling company Maersk Drilling and the Norwegian oil company Aker BP have entered into a rig swap agreement .Under the agreement, the jack-up rig Maersk Reacher will be replaced by the low-emission jack-up rig Maersk…
The U.S. Senate on Thursday failed to pass a bill to slap sanctions on Russia's Nord Stream 2 natural gas pipeline sponsored by Republican Senator Ted Cruz, a day after Democrats unveiled their own legislation.The tally was 55 in favor and 44 against the bill that needed 60 votes to pass…
Norwegian company Aker Solutions, a provider of offshore energy engineering and construction services, has appointed Kari Ertresvåg as senior vice president for communications. Ertresvåg, a Norwegian national, has wide experience within communications and public affairs…
Romania's offshore gas tax that has held up big projects in the Black Sea is set to be revised by the first half of this year after repeated delays, Energy Minister Virgil Popescu said, paving the way for investment.The tax on offshore projects…
The Norwegian government said on Friday it has raised its projected fiscal spending for 2022 as it seeks to compensate businesses affected by coronavirus lockdown measures and subsidize households hit by a surge in electricity prices.The center-left minority coalition now plans to spend 355…
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority Norway to drill a pilot well in the North Sea, off Norway.Using Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig, Aker BP will the pilot well 25/10-U-8…
SSE Renewables said Thursday it planned to enter bids into the upcoming tenders for the 1.4GW Hollandse Kust (west) Wind Farm Zone in the Netherlands which are set to take place in the first half of 2022.The Dutch Government on December 23, 2021…
Renewable energy asset manager Luxcara has acquired 10% stake in Blauwwind offshore wind consortium from the Dutch offshore installation contractor Van Oord.In 2016, the Blauwwind consortium was awarded the concession to design, construct, operate…
Norway's total petroleum output is expected to grow over the next three years as oil and gas output expand, the Norwegian Petroleum Directorate said on Thursday.The combined volume is expected to rise to 4.33 million barrels of oil equivalent in 2024…
The U.S. Senate will vote on Thursday on a bill being pushed by Republican Ted Cruz to slap sanctions on the Nord Stream 2 natural gas pipeline in Europe, although it is not expected to garner enough support to pass.The bill is scheduled for a vote at around 2:45 p…
The Crown Estate for England, Wales, and Northern Ireland said Wednesday it was investing over £12million in new research projects aimed at enabling the coexistence of offshore wind farms with a thriving marine environment.Led by Natural England…
INEOS, a global chemical company, has agreed a long-term Power Purchase Agreement for renewable offshore wind power in Belgium with Eneco.Under the terms of the ten-year deal, which begins in 2022, INEOS will buy 65,5-Megawatt (250 GWh per year) of offshore wind power from Eneco…
A unit of offshore driller Seadrill Ltd on Tuesday filed a fast-tracked reorganization plan in Houston bankruptcy court, where it expects to seek approval of the proposal on Wednesday. The case comes just a few months after its parent entity emerged from its own bankruptcy proceeding…
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