North Sea-focused oil company NEO Energy has entered into exclusive talks with ExxonMobil to buy the U.S. oil giant's UK North Sea assets.NEO, backed by Norwegian private equity investor HitecVision, said Thursday that if the talks are successful…
Baker Hughes Co on Thursday joined larger rival Halliburton Co in saying the energy industry's worst downturn in decades should bottom out this year.Oil and gas producers have been forced to cut their budget, restructure operations and reduce employees…
The United Kingdom, Kuwait, Canada, United States, Colombia top energy intelligence firm Rystad's list of countries that offer the best fiscal conditions for the development of large offshore oil fields.After what has been described as a disappointing year for offshore sanctioning…
Norway expects to award oil and gas exploration permits in frontier regions of the Arctic in the second quarter, Oil and Energy Minister Tina Bru told parliament on Thursday.The government in November said it would offer drilling permits in nine offshore regions containing 136 blocks…
Heerema Marine Contractors' concepts for the silent installation of offshore facilities' foundations have received a Statement of Feasibility from the global quality assurance firm DNV GL.Heerema has been working on developing 'silent foundations'…
UK-based consultancy Mott MacDonald has been appointed as the technical integration and optimization contractor for the NortH2 project, dubbed the largest green hydrogen project in Europe.The contract was awarded to Mott MacDonald by the NortH2 Consortium…
Swedish firm Trelleborg will provide cable protection for Jiangsu Qidong offshore wind project in China, under a contract awarded by Torgy LNG.As part of the deal, Trelleborg will provide 190 integrated cable protection systems for the offshore wind farm project…
Norwegian maritime equipment and technology company Kongsberg Maritime has won a contract to deliver key positioning and monitoring equipment to Equinor’s Hywind Tampen floating wind farm in Norway. The contract was signed with engineering firm Wood…
London-listed oil firm EnQuest has completed the acquisition from Equinor of a 40.8125% interest in the Bressay oil field development on the UK continental shelf. It has also become the operator of the project.As a result, EnQuest has a 40.81%…
INEOS Energy has chartered Dolphin Drilling's semi-submersible drilling rig Borgland Dolphin to drill its first operated well offshore Norway.The work is slated to begin during the third quarter of 2021 and includes drilling of the Fat Canyon…
Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories.U.S. Treasury…
Danish firm Everfuel has signed a contract with Ørsted for the offtake and distribution of green hydrogen to zero-emission mobility, produced at the H2RES demonstration project on Avedøre Holme in Copenhagen, Denmark for which a final investment decision was made Wednesday…
Dutch offshore construction firm Heerema Fabrication Group (HFG) has signed a contract with Iemants (part of Smulders) to construct the offshore transformer substation jacket for the Hollandse Kust (noord) offshore wind farm.The construction will occur at the HFG Vlissingen yard…
Australian oil and gas company FAR has executed the sale agreement with Woodside for its interest in the Senegal RSSD Project to Australia's Woodside.FAR had agreed to sell its Senegal interests, containing the Sangomar development, to India's ONGC Videsh in November 2020…
Danish offshore wind farm developer Ørsted has taken a final investment decision on the renewable hydrogen demonstration project at Avedøre Holme in Copenhagen, which will use offshore wind energy to produce green hydrogen.The project is expected…
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