Offshore Europe News - page 5

 

EnQuest 'Confident' of Securing Refinancing Needed for Golden Eagle Acquisition

Mar 25, 2021

British North Sea-focused oil producer EnQuest is 'confident' it will secure a refinancing deal needed to buy an additional 10,000 barrels per day of output capacity, it said on Thursday, as it reported a 43% drop in free cash flow in 2020.Last month…

Equinor Gets Nod to Use Transocean Semi at Gullfaks Field

Mar 24, 2021

Norwegian energy company Equinor has been granted consent to use the Transcoean Norge semi-submersible drilling rig for drilling and well operations on the Gullfaks field, in the North Sea, off Norway.The Petroleum Safety Authority Norway, which…

RWE Sanctions Development of 1.4 GW Sofia Offshore Wind Farm

Mar 24, 2021

Renewables giant RWE has taken the Financial Investment Decision on its 1.4 gigawatt (GW) Sofia offshore wind farm in the UK, its largest offshore wind project to date. The project will feature the largest ever offshore wind turbines.RWE said the project…

Norwegian Oil Firm Aker BP Farms Into UK North Sea Block

Mar 24, 2021

Norway-focused oil and gas company Aker BP, said Wednesday it had, through a newly formed subsidiary Aker BP UK, farmed into an offshore block in the UK North Sea.Aker BP UK has entered into an agreement with Eni UK to take over a 50 percent interest in licence P2511 on the UK Continental Shelf…

ASCO to Support INEOS' First Offshore Drilling Operation in Norway

Mar 24, 2021

Offshore oil and gas logistics company ASCO Norge has won a contract as the preferred base supplier for INEOS Oil & Gas Norway’s first drilling operation on the Norwegian Continental Shelf.ASCO Norge AS will be responsible for the delivery of…

UK: Gov't, Oil Industry Strike North Sea Deal to Protect Jobs in Green Energy Transition

Mar 24, 2021

The UK on Wednesday announced a landmark deal aimed at supporting the oil and gas industry’s transition to clean, green energy. It also said it would introduce the 'Climate Compatibility Checkpoint' before future licensing rounds.The sector…

Borr Drilling Wins New Rig Contracts, Extensions Worth $48M

Mar 24, 2021

Shallow water drilling rig contractor Borr Drilling said Wednesday it had entered into agreements potentially adding a total of $48 million over approximately 590 days to its rig contract backlog.For the jack-up rig 'Natt' Borr Drilling has…

Equinor, Partners Make 'Significant' Oil Find in Mature Area Off Norway

Mar 24, 2021

Norwegian oil firm Equinor, with its partners Vår Energi, Idemitsu Petroleum, and Neptune Energy, said Wednesday it had made the biggest discovery this year offshore Norway.Preliminary estimates place the discovery size between 12 and 19 million standard cubic meters of recoverable oil equivalent…

Anchor Handling 'World Record' for Island Offshore's Vessel

Mar 23, 2021

Norwegian offshore vessel operator Island Offshore has recently set what it says is a world record with its deep-water installation vessel Island Victory during pre-laying of anchors at Lundin Energy's Solveig field in the North Sea, off Norway…

GC Rieber Delivers Polar Queen to Schmidt Ocean Institute

Mar 23, 2021

Norwegian offshore vessel owner GC Rieber Shipping has delivered the Polar Queen vessel to new owners Schmidt Ocean Institute. The company announced the sale of the IMR vessel in February.'The vessel has today been delivered to the new owner…

Chrysaor's First Operated Well Off Norway Disappoints

Mar 23, 2021

Chrysaor's first operated well offshore Norway has failed to unearth enough hydrocarbons to warrant development and will be plugged and abandoned.To remind, OKEA, Chrysaor's partner in the offshore license PL973, last week said that the well…

Wagenborg Converts PSV for W2W Operations

Mar 22, 2021

Wagenborg Offshore said it has taken its third walk-to-work (W2W) vessel into service. The converted Keizersborg is used as a standby vessel for inspection and maintenance of unmanned platforms in both Dutch and British waters of the southern North Sea…

Aker BP Extends Deepsea Nordkapp Offshore Rig Contract by One Year

Mar 22, 2021

Norwegian oil company Aker BP has exercised the second one-year option for the extension of the contract for Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig.The extension will begin after the expiry of the first optional period in June 2022…

LYTT Tech Boosts Output at BP's Clair Ridge Offshore Platform

Mar 22, 2021

LYTT, an energy tech company, said Monday its technology has helped improve production up to 2,000 barrels per day (bpd) at BP's Clair Ridge offshore platform, west of Shetland, UK.Clair Ridge is the second phase of development of the giant…

Offshore Vessel Owner Buys 1% in Offshore Driller Noble

Mar 22, 2021

S.D Standard Drilling Plc, a Cyprus-based, Oslo-listed offshore vessel owner, said Monday it had purchased 500,000 shares, corresponding to 1% ownership, in offshore driller Noble Corp, at USD 18.5 per share.'Noble completed its restructuring- and Chapter 11 process on 5 February 2021…

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