More than 200 oilfield services firms (OFS) across the UK and Norway are “set to become insolvent” due to the coronavirus outbreak, according to Rystad Energy.
Aberdeen head-quartered service company Tendeka will take on a multi-million-pound contract to supply sand-face completion equipment to Aker BP’s Norwegian assets.
Unions from the UK and Norway have established a dedicated working group to improve helicopter safety across the North Sea oil and gas industry.
A senior diving boss has described how his son has been “crippled by incompetence” while preparing an oil rig for work in the North Sea.
A large Norwegian renewable energy generator has come to play in Scotland and is putting a serious chunk of money down on the table.
DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken £112million of impairments costs related to its newly-acquired fields in the North Sea.
Towards the end of this year, a final investment decision is due to be taken on the NorthConnect project which by 2024 would import surplus hydro electricity from the Hardanger region of Norway into Scotland, at Boddam, via a 400-mile interconnector.
Norway and Denmark continued to be attractive work locations for UK companies in 2019. Many of those companies are specialists in the traditional sectors of oil and gas but there has been an upsurge in other sectors such as renewables, aquaculture and agriculture.
Belarus has started importing oil from Norway after its main oil provider, Russia, suspended supplies earlier this month amid stalled talk on further strengthening economic ties between two countries.
The world continues to need investment in the oil and gas sector, according to most forecasts, but this is an increasingly difficult pitch for investors given concerns over carbon emissions.
Norway’s Noroil has signed up to work on Block 17, in West Kordofan, according to the Sudanese Ministry of Energy and Mining.
Maersk Drilling has secured a £19.6 million contract extension from Aker BP for the ultra-harsh environment, jack-up rig Maersk Integrator.
Last year saw a “record number” of oil and gas fields producing in Norway, according to new analysis.
Equinor has been given the go-ahead to drill an exploration well at its Helleneset prospect in Norway.
Some of the most powerful people in Norway’s vast oil industry are increasingly worried about what they see as a lack of nuance in the criticism of fossil fuels.
Norwegian energy major Equinor has started up production from its 2 million barrel Barnacle field in the UK North Sea.
Well management firm Exceed Energy has enjoyed at jump in profits after injecting fresh impetus to its overseas expansion ambitions.
The giant Johan Sverdrup oil field is coming to the rescue of Norway’s oil industry -- again.
North Sea oil and gas veteran Graham Stewart said yesterday a sense of “unfinished business” spurred his decision to launch a new, acquisition-hungry player.
Maersk Drilling has secured a contract extension offshore Norway for the ultra-harsh environment jack-up rig Maersk Integrator from Aker BP.
Westwood Global Energy reports there were three exploration wells and three appraisal wells active at the end of October.
Ole Lie, a drilling supervisor who’s worked for Norway’s oil giant Equinor since the 1990s, is feeling unloved as many are starting to turn their backs on an industry that’s made the Nordic country one of the richest on Earth.
The Oil and Gas Technology Centre (OGTC) has launched the third year of its “pioneer” start-up programme with Norwegian operator Equinor joining as a partner.
Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.
First oil from Equinor’s giant Johan Sverdrup field is to be shipped to China, the Norwegian operator has announced.