Offshore Europe News - page 4

 

Shell to Develop Jackdaw Gas Project in the UK North Sea

Jul 25, 2022

Supermajor Shell on Monday said it will develop the Jackdaw gas field approximately 250 kilometers east of Aberdeen, Scotland in the U.K. North Sea.The Jackdaw field is 100% owned and operated by Shell U.K. affiliate BG International, which…

Galp Profit Leaps 90%

Jul 25, 2022

Portuguese oil and gas company Galp Energia reported a 90% jump in adjusted second-quarter profit on Monday, citing soaring oil prices and a sharp increase in its refining margin.Rapid recovery in demand after pandemic lockdowns and a surge…

Serica Energy Rejects Kistos' Revised $1.4 Billion Merger Offer

Jul 25, 2022

Serica Energy has rejected a revised merger proposal from energy investment firm Kistos at a valuation of nearly 1.2 billion pounds ($1.4 billion), saying it undervalues the British oil and gas group.Kistos on Monday disclosed details of the proposal…

Kremlin Rejects Report Nord Stream Turbine is Stuck in Transit

Jul 22, 2022

The Kremlin on Friday rejected a report that a turbine for the Nord Stream 1 pipeline taking gas from Russia to Germany was stuck in transit.Reuters reported on Thursday that Russia had not yet given the go-ahead to transport the turbine back to Russia…

Dutch Gas Prices Up as Nord Stream Turbine 'Gets Stuck in Transit'

Jul 22, 2022

Dutch gas prices rose on Friday, boosted by further delays in replacing a turbine for the Nord Stream 1 pipeline from Russia, and as Germany raised its gas storage targets, British gas prices fell, however, on softer demand, Reuters reported…

Siemens Energy Wins Its Largest Offshore Grid Connection Deal Ever

Jul 22, 2022

Siemens Energy has won what it says is the largest offshore grid connection order in the company's history. The order, made by Amprion Offshore, will see Siemens Energy supply two offshore wind power converter platforms at sea DolWin4 and BorWin4…

Third Unaoil Bribery Conviction Quashed in London

Jul 21, 2022

A third man convicted in Britain over how oil contracts were secured in post-occupation Iraq has had his conviction overturned by a London court, further unraveling a high-profile bribery case prosecuted by the UK Serious Fraud Office (SFO)…

Wintershall Dea Drills Dry Well Offshore Norway

Jul 21, 2022

Oil and gas company Wintershall Dea has found no hydrocarbons Brage South exploration well (31/4-A-13 C), offshore Norway, and will plug and abandon it. The news was shared by the Norwegian oil and gas company OKEA, which in May entered into…

First UK-Germany Power Link Gets Financial Green Light

Jul 21, 2022

A financial agreement was reached on Thursday to build the first power cable linking Britain and Germany, with construction set to begin later this year as the two countries work to reduce dependency on Russian gas and increase the use of green energy…

Well-Safe Solutions Finds P&A Work for Newly Bought Rig

Jul 21, 2022

UK-based offshore well plugging & abandonment company Well-Safe Solutions said Thursday it had secured a contract to plug and abandon (P&A) 14 wells on the UK continental shelf. The work is expected to secure 60 new offshore positions.The deal…

Russian Gas Flows to Europe Resume via Nord Stream 1 Pipeline

Jul 21, 2022

Physical flows of Russian gas through its biggest pipeline to Germany resumed on Thursday after a 10-day outage, and eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany increased, operators' data showed.Europe has been on…

Floating Wind: DemoSATH Floater Launched in Spain (VIDEO)

Jul 20, 2022

Spanish offshore engineering firm Saitec Offshore Technologies and renewables giant RWE on Wednesday marked the completion and the launching operation of their DemoSATH floating wind unit. SATH Technology is based on a concrete platform concept with a plug-and-play Single Point Mooring…

Oil Supply Crunch is Coming, ConocoPhillips CEO Says

Jul 20, 2022

ConocoPhillips' chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among the Organization of the Petroleum Exporting Countries and slow U.S. output gains ahead.Ryan Lance, head of the largest U…

Baker Hughes Posts Bigger Quarterly Loss on Russia-related Charges

Jul 20, 2022

Oilfield services provider Baker Hughes on Wednesday reported a bigger second-quarter loss, hit by a $365 million charge from suspension of its Russian operations and supply chain inflation, dampening the benefits of higher oil prices.The company's shares fell about 4…

Aker BP to Raise Dividend in H2 after Upbeat Q2 Results

Jul 20, 2022

Norwegian oil company Aker BP posted upbeat second-quarter results on Wednesday and said it will raise its dividend payments in the second half of the year, as it continued to benefit from high oil and gas prices due to the war in Ukraine.Earnings before interest…

Current News

ODITC Becomes Guyana's First Firm for Oil & Gas Traning with OPITO Certification

ODITC Becomes Guyana's First Firm for Oil & Gas Traning with OPITO Certification

Mainstream and Aker Offshore Wind Merger Completed

Mainstream and Aker Offshore Wind Merger Completed

Norway's TCO Names Abercrombie New CEO

Norway's TCO Names Abercrombie New CEO

Germany Secures Gas Supply for Two FSRUs

Germany Secures Gas Supply for Two FSRUs

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