Offshore seismic data companies ION Geophysical and PGS have agreed to collaborate globally on 2D exploration data. 'Both companies have modern, high-quality multi-client data libraries that together cover all the significant hydrocarbon provinces around the world…
Norwegian oil company Aker BP has awarded an offshore maintenance and modification contract worth around $175,5 million to its compatriot offshore services provider Aker Solutions.The contract is for two years and is for maintenance and modification services at Aker BP's Ula…
Oslo-listed seismic data acquisition company Seabird Exploration has won a short-term contract for its Eagle Explorer vessel, and has also revealed a plan to sell its Harrier Explorer vessel for recycling.As for the contract, SeaBird said that…
British oil major BP will sell its global petrochemicals business to Ineos for $5 billion, a transaction delivering BP's divestments target a year earlier than originally scheduled.Brian Gilvary, BP’s chief financial officer, said: “With today’s…
Romania's OMV Petrom has provisionally won the rights to explore for oil and gas in a Black Sea block off the coast fo Georgia.OMV Petrom said Monday it had been selected as the winner of the open international tender held by the Ministry of…
Oilfield services group Hunting Plc has cut its workforce by a fourth as low oil prices and weak demand slammed most of its business units in the second quarter, the company said on Monday.The manufacturer and services provider, which had 2…
Oil and gas companies Energean and Edison have agreed to exclude Edison's Norwegian assets from the proposed sale of Edison's E&P business to Energean. Apart from the exclusion of Norway, the companies have also reduced the value of the deal by $111 million…
Spanish oil company Repsol has received consent from the Norwegian regulators for life extension of the Rev field in the North Sea.The field, part of production license 038 C, for which Repsol Norge is the operator is located near the UK border…
Offshore platforms delivering almost half of Norway's oil production might soon be powered from shore, which the government says, would reduce emissions considerably, given that Norway's mainland electricity comes mainly from hydropower and wind farms…
Norwegian company Parat Halvorsen will supply the electric boilers that will provide the heating on the Edvard Grieg platform offshore Norway when the field is supplied with power from shore. 'This means that the last piece of the puzzle to fully electrify Edvard Grieg is coming into place…
The Board of Directors of the Belgian Offshore Platform (BOP), Belgium's offshore wind industry body, has appointed François Van Leeuw as chairman.François Van Leeuw is co-CEO of Parkwind, a holding company of Colruyt Group that currently operates…
The government of Lithuania is pressing ahead with plans to develop a 700MW offshore wind farm in the Baltic Sea, and has this week proposed a location for the project which is expected to be completed by 2030.The offshore area in the Baltic…
Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic.According to Exmar, YPF claims that effects…
RWE sought on Friday to convince shareholders of its plans to move away from fossil fuels as environmentalists protested in its coal regions and as Germany prepares to pass a coal exit law from which it stands to gain 2.6 billion euros ($2.92 billion)…
French oil major Total has recently celebrated a major milestone - the production of the one billionth barrel of oil equivalent from its Elgin Franklin field in the UK sector of the North Sea, 240km east of Aberdeen.Two major reservoirs at the…
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