Norway on Friday granted 1 billion Norwegian crowns ($111 million) in support for three projects to produce emissions-free hydrogen and ammonia, aiding a transition to a low-carbon economy, the government said.The funding will be allocated to projects led by Yara…
Norway's engineering and construction groups Aker Solutions and AF Gruppen have abandoned plans to merge the two firms' existing offshore decommissioning operations.The two companies had signed a letter of intent in July to merge the offshore…
Offshore Drilling company Shelf Drilling said Friday it had secured a contract extension for the Key Manhattan jack-up rig.The 18-month extension is in direct continuation of the drilling rig's current contract for drilling operations in the Adriatic Sea offshore Italy…
Japanese oil and gas company Inpex has agreed to enter a stock transfer agreement with Diamond Generating Europe B.V. a Dutch-registered subsidiary of Mitsubishi Corporation and acquire a 50% stake in the Luchterduinen offshore wind farm and…
Kongsberg Maritime said Thursday it had successfully upgraded the safety and automation systems on Aker BP's Alvheim FPSO in Norway.Formerly a tanker named Odin, the vessel was converted into an FPSO in 2008 and renamed Alvheim in recognition of the oil field in which it operates…
British oil services firm Petrofac Ltd said on Thursday it expects its revenue for the financial year to be down by about a quarter, as low order intake and the coronavirus pandemic continued to dent its operations.The company forecasts its annual revenue to come in at about $3 billion…
Oil and gas company Lime Petroleum received approval from the Norwegian authorities to acquire Repsol’s 33.8434 stake in the Brage field in the North Sea, offshore Norway.'With this approval, the acquisition is expected to be completed by December 31…
Vår Energi, the largest independent upstream oil and gas company on the Norwegian continental shelf, has said it has entered a joint industry project to develop a more environmentally friendly method for seismic data collection.'Seismic data…
Viaro Energy's subsidiary Rockrose UKCS 10 Ltd has struck a deal to sell its 28% non-operated stake in the Foinaven offshore oil field, west of Shetland, to BP.The Foinaven oil field sits 190 kilometers west of Shetland in water depths of between 350 and 520 meters and is operated by BP…
Norway-based crane manufacturer Red Rock has won an order from shipbuilder Vard for equipment supply for a service operations vessel (SOV) ordered last week by North Star Renewables for work on the Dogger Bank offshore wind farm in the UK.As previously reported…
Five companies have applied to build carbon dioxide (CO2) storage on the Norwegian continental shelf, the country's oil and energy ministry said on Wednesday.The ministry proposed in September two offshore areas, one in the North Sea and one in the Arctic Barents Sea…
OGUK, a UK-based association representing the country's offshore oil and gas industry, has given a 'strong recommendation' for offshore workers to get fully vaccinated against COVID as omicron cases continue to rise.The association, through its Pandemic Steering Group…
Italian energy group Eni has extended an agreement with investment fund Copenhagen Infrastructure Partners (CIP) to develop offshore wind in Poland, the companies said.In a joint statement on Wednesday, Eni and CIP said they would apply for…
Swedish power firm Vattenfall has taken the final investment decision for the 344 MW Vesterhav Syd and Vesterhav Nord offshore wind project in Denmark, valued at 769 million euros (~$866,8 million).'With the final investment decision at a value…
Norwegian oil and gas company Aker BP has sanctioned the development of the Hanz discovery in the Norwegian part of the North Sea. 'The project has matured a solution involving reuse of existing infrastructure, which both strengthens project economics and minimizes the environmental footprint…
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