Norway's Aker Offshore Wind and its and its majority owner Aker Horizons have entered into a cooperation agreement with Statkraft to explore possibilities for collaboration on offshore wind power projects on the Norwegian Continental Shelf (“NCS”)…
Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company's shares plunging more than 30%.Polarcus and other seismic surveyors have been hit by weak demand as oil companies slash…
UK-focused oil and gas firm Jersey Oil & Gas (JOG), on Tuesday announced a significant increase in 2C contingent resource estimate for the Buchan oil field, within the Greater Buchan Area ('GBA') in the UK North Sea.Dynamic reservoir modeling…
Swedish oil and gas company Lundin Energy has not found commercial quantities of hydrocarbons at its exploration well targeting the Bask prospect in the southern Barents Sea, off Norway.The main objective of the well, drilled by the company's Norwegian subsidiary Lundin Energy Norway…
Organizers of Subsea Expo, dubbed the world’s largest underwater engineering event, said Tuesday that the event will not be taking place this year, citing lockdown restrictions, rising infection cases, and new variants of the coronavirus in the UK…
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Monday it has asked the Biden administration to restart its permitting process after former President Donald Trump's government abruptly canceled it last month…
Eco Atlantic, an oil company with offshore oil and gas acreage in Guyana and Namibia, said Tuesday it had formed a new solar energy-focused company Eco Atlantic Renewables, citing, in part, a lack of oil and gas acquisition opportunities.Formed with Nepcoe Capital Partners Ltd…
Premier Oil has completed a farm down of interest in the Tuna production sharing contract (PSC), offshore Indonesia to Russia's Zarubezhneft. The UK-based company that will soon merge with rival Chrysaor, said Tuesday the transaction completion came after receipt of Indonesian government approval…
The world’s first 100,000-ton deepwater semi-submersible production and storage platform, which is built to ABS Class, has been launched in China.China National Offshore Oil Corporation (CNOOC) will now begin installation and commissioning on the China-built platform - named “Deep Sea No…
Oil and gas producer Hess Corp on Monday forecast a small drop in output and set a $1.9 billion budget for 2021, most of which will go to Guyana, touted as one of the most important new oil and gas discoveries in the last decade.The company has been relying on its investment in offshore Guyana…
Offshore drilling contractor Stena Drilling has signed a drilling contract for its Stena Don semi-submersible drilling rig with the oilfield services giant Petrofac.Stena Drilling said in a social media post on Monday that the drilling operations were due to start in July…
Aberdeen-based subsea battery developer EC-OG has appointed Bob MacDonald, a former Wood Group man - now Wood - as Chairman.MacDonald previously served as Chief Executive Officer of the Specialist Technology Solutions (STS) business for energy services specialist Wood…
Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.This would replace the existing Etinde Exploitation Agreement which came into force by Presidential decree in January 2015…
Nigeria's parliament will pass the long-delayed Petroleum Industry Bill by the second quarter of 2021, Senate President Ahmed Lawan said during a parliamentary session on Monday.The measure, which is 20 years in the making, underpins everything…
Norwegian offshore drilling contractor Odfjell Drilling has signed a letter of intent with the oil company Lundin Energy for the use of its semi-submersible drilling rig Deepsea Stavanger.The letter of intent is subject to the finalization of the contract and final approvals from involved parties…