Norwegian ROV operator and subsea services company IKM Subsea has selected the Nauticus Robotics Olympic Arm, a fully electric work-class manipulator, for its subsea resident remotely operated vehicle (ROV) system. The Olympic Arm increases…
Norway;s Aibel has announced a pair of leadership appointments at its yard in Haugesund.The company said Friday that Lars Inge Hellestveit will take up the role of vice president of yard operations, joined by Hans Jørgen Alfsen as the yard's new fabrication manager…
Norwegian offshore vessel owner Eidesvik Offshore said Thursday its CEO and President Jan Fredrik Meling would as planned, retire from the position at the age of 65 effective December 31, 2021, after more than 16 years in the position.Starting January 1…
Offshore wind turbine maker will deliver its giant 15MW wind turbines for Equinor and BP joint venture's offshore wind farms in New York.Vestas said Monday that, Empire Offshore Wind, a joint venture between Equinor and BP, had named it as the preferred turbine supplier for the 2…
INEOS Energy has completed the $615 million sale of its oil and gas business in Norway to Poland's PGNiG.The deal, first announced in March 2021, includes all INEOS Oil & Gas interests in production, licenses, fields, facilities, and pipelines…
INEOS E&P has completed the acquisition of Hess' subsidiary Hess Denmark for $150 million. Hess will use the proceeds to fund its projects in Guyana.With the acquisition, first announced in March, INEOS has become the owner of 61.5% of the Hess-operated Syd Arne oil field…
After years of delays, and hefty cost overruns Equinor's Martin Linge oil and gas field in the North Sea off Norway, has come on on stream.The field, which was originally expected to start producing in 2016, finally started production on Wednesday at 21…
Norwegian oil and gas firm Equinor has, with its partners Petoro, Vår Energi and Total E&P Norge, decided to develop the Lavrans discovery and the Kristin Q-discovery which is a part of the Kristin field, in the Norwegian Sea offshore Norway…
The Norwegian government has approved Equinor's plan for the development and operation of the Breidablikk field in the North Sea, off Norway.Equinor estimates it will take around NOK 18.6 billion (around $2,17 billion) to develop the field.…
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition.Speaking at the…
Norwegian offshore vessel operator Eidesvik Offshore has nominated a new chairman of the board after its current chairman Kolbein Rege said he would resign at the next shareholders' meeting.'After nearly 27 years of service, the Chairman of the Board…
INEOS E&P, a part of INEOS Energy, said Thursday it had entered into an agreement to acquire the U.S. oil firm Hess' subsidiary Hess Denmark for a total consideration of $150 million. Hess said it would use the cash on its operations in Guyana…
Arne Gürtner, Senior Vice President UK & Ireland Offshore at Equinor has been named Co-chair of OGUK board. OGUK is the representative body for the UK oil and gas industry.Announcing Gürtner's appointment, OGUK said he brings with him a wealth of industry experience…
Finnish maritime equipment specialist Wärtsilä has won a contract to provide its Hybrid Upgrade solution for retrofitting two offshore construction vessels owned by Norwegian operator Østensjø Rederi. The two ships, the ‘Edda Fauna’ and ‘Edda Flora’…
Former Telenor CEO Jon Fredrik Baksaas has been appointed as DNV GL’s new chair of the board, the Norwegian-headquartered classification society announced.Best known for his 13-year tenure as president and CEO of the telecoms firm, Baksaas started…
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