ConocoPhillips on Tuesday announced a 'significant' new oil discovery in the Norwegian Sea.The discovery was made in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea.…
Italian oil and gas firm Eni and Thailand’s national oil company PTTEP have been awarded exploration concession for Offshore Block 3 in the United Arab Emirates, with the concession deal signed with ADNOC on Monday.Eni is the operator with a 70% stake in the Exploration Offshore Block 3…
Tidal energy developer Atlantis said Tuesday its Scottish-made tidal generation equipment had arrived in Japan.The Atlantis designed and built tidal generation system has arrived in Nagasaki harbor, Japan having left Scotland in October. It…
Norway's supreme court upheld government plans for Arctic oil exploration on Tuesday, dismissing a lawsuit by campaigners who said they violated people's right to a healthy environment.While most of Norway's oil output flows from south of the Arctic…
Norwegian oil firm Equinor has, with its partners, decided to invest around NOK 3 billion (USD345,8 million) to boost recovery from the Statfjord Øst offshore field by 23 million barrels of oil equivalent.Statfjord Øst, sitting in the North Sea…
Aker Solutions has secured a contract from Aker Carbon Capture for engineering, procurement, and management assistance to realize the CO2 capture plant at Norcem’s cement factory in Brevik, Norway.The project, part of Norway's Longship project…
Oilfield services provider National Oilwell Varco said Monday it would change its corporate name to “NOV Inc.”, effective January 1, 2021. The company’s ticker symbol, “NOV”, will remain unchanged.Clay Williams, Chairman, President, and CEO…
Edison Chouest Offshore (ECO) has entered into a contract with an oil major to install battery systems aboard one of its Jones Act platform supply vessels (PSV), the U.S.-based shipowner announced Monday. With the long-term deal in hand, ECO…
Offshore drilling contractor Vantage Drilling has won a two-well contract for its Sapphire Driller jack-up rig.The rig will drill for Trident Energy in Equatorial Guinea, starting in the second quarter of 2021. While Vantage Drilling did not share the financial details of the deal…
Norway-based offshore vessel owner Solstad Offshore said Monday it has secured a contract extension for one of its vessels in Argentina.The contract extension is for the construction support vessel Normand Commander, with Bahia Grande LN S.A…
Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018…
Gulf Marine Services, a provider of jack-up service vessels for the offshore energy industry, has secured contract extensions for two of its units.GMS said Monday the contract extensions, totalling 13 months, were for two K-Class vessels, 'at day rates in line with expectations…
Norwegian energy services company Aker Solutions has won a letter of intent with Shell in Norway for work on the Ormen Lange Phase 3 (OLP3) onshore project. Ormen Lange is a field in the Norwegian Sea.Under the scope of the letter of intent…
Drilling solutions provider MHWirth has secured an order to deliver a drilling equipment package for a Chinese drillship.The company, part of Norway's Akastor, will deliver drilling equipment for China's Guangzhou Marine Geological Survey (GMGS)…
Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.In an update ahead of its fourth-quarter results on February 4…
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