Seadrill has bagged £39million worth of new contracts but confirmed plans to press on with scrapping a number of rigs in its fleet.
Norway, Western Europe’s biggest oil producer, is offering fresh exploration licenses in the far north less than a week after the Supreme Court finished hearing an appeal over earlier Arctic permits.
Oil companies are on track to discover 10 billion barrels this year, despite the coronavirus pandemic temporarily halting exploration activity this spring, according to Rystad Energy.
Shell paid billions of dollars in tax in 2019 to governments around the world. But in four countries, the energy giant got money back.
Eni and private equity firm Hitecvision have started up a new company aimed at developing new green energy projects in Norway.
As more operators and equipment manufacturers like turbine manufacturer Vestas take the carbon neutral pledge, ship designer and builder Ulstein, of Norway, is doing its bit by offering zero-emissions vessel designs to the offshore energy marketplace.
Aberdeen-headquartered Dolphin Drilling has won a combined contract for exploration and decommissioning work with DNO.
Prosafe has won a $13.6 million deal to provide ConocoPhillips with offshore accommodation on the Ekofisk field for the tie-in of the Tommeliten Alpha field development.
The Hammerfest LNG plant will have to remain closed for up to 12 months for repairs following a fire on September 28, Equinor said today.
Equinor has appointed a new chief financial officer (CFO) as incumbent Lars Bacher resigns after nearly 30 years with the firm.
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
Increased funding from the EU and national governments have boosted the prospects for carbon capture technologies in Europe. Three projects in the Netherlands, Norway and UK could be operational by 2024.
Norway’s offshore health and safety watchdog has launched an investigation after a “serious” incident on board a mobile drilling facility.
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.
A pilot project to remotely perform inspections on three of offshore cranes on the Norwegian Continental Shelf is ongoing.
Well-Safe Solutions has welcomed its newly-acquired Well-Safe Protector rig to a yard in Norway ahead of its move to the UK.
A strike that shut down about 8% of Norway’s oil and gas output will end after successful mediation talks, said Norwegian Oil and Gas Association spokesman Kolbjorn Andreassen
Neptune Energy today announced agreement with Concedo AS for the acquisition of a further 5% interest in the Dugong licence (PL882) in the Norwegian sector of the North Sea.
The North Sea represents some of the best-in-class and most innovative work of the oil and gas industry. Here, significant progress in reducing gas flaring is already making a vital contribution towards delivering “net zero”, and Norway stands out as genuinely world-class.
Equinor has awarded a $290 million (£223m) contract to Odfjell Drilling for work on the 200-million-barrel Breidablikk field in the Norwegian North Sea.
Construction on what will be the world’s first floating offshore wind farm to power offshore oil and gas platforms has got underway.
Cairn Energy’s boss said today that the company was “in control of its own destiny” and would aim to capitalise on opportunities to beef up its portfolio, including in the North Sea.
Equinor has made a North Sea oil and gas discovery that could hold up to as much as 38 million barrels of oil equivalent.
Equinor and partners have made a final investment decision to develop the 200-million-barrel Breidablikk field in the Norwegian North Sea.
The Covid-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion from 2019’s $190 billion, Rystad Energy says.