Norwegian oil company Aker BP has started production from the Frosk field development in the Alvheim area, offshore Norway.The Frosk field is tied back to Alvheim FPSO in the North Sea via existing subsea infrastructure. The field, discovered in 2019…
The U.S. Department of the Interior said Monday that President Biden would take action to designate about 2.8 million acres in the Arctic Ocean nearshore the National Petroleum Reserve-Alaska (NPR-A) as indefinitely off-limits for future oil and gas leasing…
New Orleans-based wind turbine rotor specialist Gulf Wind Technology (GWT) said Monday it had partnered with Shell New Energies US LLC (Shell), through a $10 million investment by the energy company, to create the Shell Gulf Wind Technology Accelerator program…
Welsh Ministers have granted a Section 36 consent with deemed planning permission to Blue Gem Wind consortium to build and operate the Erebus floating wind project. The news follows the recent decision by Natural Resources Wales to provide the…
A cap on revenue and the lack of the kind of incentives offered to oil explorers are blocking the development of renewable energy in Britain, say industry officials who are pressing for changes ahead of this week's budget.The British government has set targets for major increases in wind generation…
Malaysia's state oil firm Petroliam Nasional Berhad on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger sales volume, but warned of moderating prices for this year due to an expected slowdown in the global economy…
Colombia can go without Venezuelan natural gas because of promising offshore developments of its own, Felipe Bayon, chief executive of state-controlled oil company Ecopetrol, told Reuters.Companies have proposed reactivating a dormant gas pipeline…
Kongsberg Digital said Monday it had entered a five-year deal with Shell to digitalize its global assets using Kongsberg Digital's digital twin technology.The Norwegian company said the contract was an amendment to the framework agreement signed in 2020…
Maritime classification society DNV has appointed Torgeir Sterri as the new Offshore Classification Director for DNV Maritime, with effect from 1 March 2023.Lucas Ribeiro, former Area Manager for Iberia, Italy, and Malta, will succeed Sterri as Regional Manager for West Europe…
Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold, and improved margins for refined products.The profits, which are around triple that of Exxon's $56 billion…
Inhabitants of the tiny island of Christiansö in the Baltic Sea found themselves in the glare of global media attention this week after reports alleging a boat moored off the rocky outcrop was used to blow up the Nord Stream gas pipelines. 'Practically…
TotalEnergies is set to use Transocean's harsh environment semi-submersible drilling rig to drill the Benriach offshore exploration well in the Laggan Tormore area, west of Shetland, UK.As previously reported, TotalEnergies' partner Kistos said…
Harbour Energy, Britain's largest oil and gas producer, said on Thursday it will conduct a $200 million share buyback, after higher oil prices helped free cashflow triple to $2.1 billion but windfall taxes weighed on its profit. After Britain…
The European Union wants to hold joint naval exercises as part of plans to step up its efforts to protect critical infrastructure at sea, the EU environment policy chief said.Concerns about security threats to Europe's maritime infrastructure…
Shipbuilder and designer Vard, part of Fincantieri, said Friday that it had secured a contract to design and build a cable laying vessel for NCT Offshore in Denmark.The VARD 9 01 design vessel is designed by Vard Design in Ålesund, Norway. The hull will be built at Vard Tulcea in Romania…
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