Wintershall DEA Norge has received consent to used the Island Constructor well-intervention vessel at its Vega and Maria offshore fields in Norway.The Petroleum Safety Authority Norway said Monday that its consent applied for the use of the…
Offshore energy stocks, about 34 of them, soared in value on Monday, as investors ignored corona-virus fears and heeded instead a number of U.S. and Norwegian market reports.Shares in Northern Drilling soared 31.48 percent by mid-morning in Oslo (before settling 12 percent up)…
A J.F. Lehman & Company affiliate has completed the acquisition of Global Marine Group, a provider of subsea cable installation and maintenance services to the telecommunications, offshore renewables, utility and oil & gas industries.Global…
Jumbo has been awarded a contract to support DEME Offshore in its scope of work on Ørsted’s Hornsea Two offshore wind farm. Jumbo’s scope of work in the project is the provision of transportation for 165 monopiles from Rostock to Eemshaven and…
Equinor and partner Neptune have struck oil in the Sigrun East prospect in the central part of the North Sea. Recoverable resources are estimated at between 7 and 17 million barrels of oil equivalent.Exploration wells 15/3-12S and 15/3-12AT2…
Europe has expanded its offshore leadership by adding 3.6 gigawatt (GW) of new commissioned capacity in 2019, bringing the total offshore wind installed capacity at the end of 2019 to above 22GW.According to the recent report of GlobalData, spreading across 12 European countries…
The Polish Wind Energy Association (PWEA) and the Polish Offshore Wind Energy Society (PTMEW) have announced plans to form a cooperation agreement for offshore wind energy in Poland modeled on the UK's Offshore Wind Sector Deal concluded in March 2019…
Italian oilfield services provider Saipem on Friday issued a statement dismissing reports that a coronavirus infected person had entered its office in Nigeria.In a brief statement on social media, Saipem said: 'Saipem informs that the news that…
Oilfield services behemoth Schlumberger plans to delist from the London Stock Exchange citing low trading volumes.The company said Friday its Board of Directors had in January 2020 approved the cancellation of the listing of the company's common…
UK-focused oil firm Independent Oil and Gas has said that it remains in talks with CalEnergy over the latter's participation in IOG's North Sea blocks.Namely, CalEnergy Resources, part of Berkshire Hathaway Energy, had an option to acquire a…
Greek oil company Energean Oil and Gas has signed a deal to buy Total’s stake in Block 2, offshore Western Greece.Energean said the acquisition would provide material exploration opportunities in its core area of the Eastern Mediterranean with limited financialexposure…
Italian energy group Eni on Friday pledged to shrink its greenhouse gas emissions by 80% in one of the industry's most ambitious clean-up drives, just weeks before a decision on its chief executive's future. In its new business plan, Eni said its oil and gas production - forecast to grow 3…
The European Union has imposed sanctions against two persons for their involvement in Turkey's offshore drilling activities near the Cyprus coast in the Eastern Mediterranean.'Today, the [European] Council has placed two persons under restrictive…
Norwegian company Endur has struck a deal with the bankruptcy estate to buy back Endur Industrier, a part of the recently bankrupted Endur Energy Solutions.As previously reported, Endur Energy Solutions, a provider of maintenance, modification…
Oil prices fell over 2% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.Brent crude was down $1…
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