10000 results found for 'Decommissioning'

10000 results found for 'Decommissioning'
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  • UK: Bridge Buys 50 pct Stake in Duart Field from Nexen

    29 September 2011
    Business & Finance

    Bridge, the Oslo Axess-listed oil and gas exploration and production company announced that it has signed a Sale & Purchase Agreement to acquire a 50% working interest in the producing Duart field from Nexen Petroleum Dragon UK Limited for a consideration of $38.3 million (the “Transaction”). The interest will add daily production of 750 barrels […]

  • Net-zero technology developers scoop £8 million to cut offshore emissions in UK

    10 October 2022
    Business Developments & Projects, Carbon Capture Usage & Storage, Green Marine, Research & Development, Technology, Transition

    The UK-based Net Zero Technology Centre has revealed the 20 winners of its 2022 Open Innovation Programme. The center was created as part of the Aberdeen City Region Deal, with £180 million of UK and Scottish government funding to maximise the potential of the North Sea. Since its inception in 2017, the center has been […]

  • UK regulator ‘exploring tougher measures’ on flaring and venting of greenhouse gases in oil & gas production

    28 September 2020
    Authorities & Government, Environment, Exploration & Production, Outlook & Strategy, Regulation & Policy, Transition

    The UK’s OGA has decided to scrutinise requests for flaring and venting of greenhouse gases offshore the UK, aiming to help reach the country’s net-zero goals.

  • Offshore Energy 2016 Registration Opens

    26 May 2016

    The registration for Offshore Energy Exhibition & Conference 2016 (OEEC 2016) is now open. The ninth edition of this event is expected to attract 11,500 offshore professionals and more than 650 exhibiting companies. Offshore Energy is an annual event focused on the complete offshore energy industry. It covers both the exploration and production of the […]

  • Rhode Island CRMC Gives Go-Ahead to Block Island OWF

    18 November 2014
    Authorities & Government, Storage

    The Rhode Island Coastal Resources Management Council (CRMC) unanimously approved the final submerged lands lease and two joint licenses and assents for the five-turbine wind farm project off Block Island at its meeting last week. These were the final permits needed as stipulated by the CRMC in its original decision for Deepwater Wind, the developer […]

  • Another permit in place for America’s ‘first’ offshore LNG export project

    11 April 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Rules & Regulation

    Delfin Midstream has confirmed the receipt of one more key permit for its American liquefied natural gas (LNG) project, which is under development in Louisiana and offshore in the U.S. Gulf.

  • North Sea ecosystem regeneration at heart of Dutch govt’s new program

    10 January 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vision

    Human touch has taken its toll on the delicate North Sea ecosystem. With the growing pressure of climate change and demand for sustainable energy and food, this ecosystem keeps deteriorating. Preventing or preserving the North Sea now has an exclamation point. As a response, the Dutch Ministry of Agriculture, Fisheries, Food Security and Nature has […]

  • Fugro: Business good in the first months of 2009

    11 May 2009

    Course of business The developments in the first months of 2009 are in line with earlier expectations. Revenue showed an increase of over 5% compared to the first months of 2008. Price pressure has increased for a number of activities in the more competitive market segments. Currency fluctuations had little impact. The demand for Fugro’s […]

  • Core Power wins funding for floating nuclear research project

    31 August 2022
    Authorities & Government, Collaboration, Green Marine, Outlook & Strategy, Research & Development, Transition

    The UK-based Core Power has secured research funds from the U.S. Department of Energy’s Nuclear Energy University Program (NEUP) to study the development of offshore floating nuclear power generation in the US. Core Power specializes in scalable atomic power technology for ocean transport and heavy industry. The company is working on the development of a modular molten […]

  • Serica Energy buying North Sea operator in £367 million deal

    20 December 2022
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy

    UK-based oil and gas company Serica Energy has entered into an agreement with compatriot Tailwind Energy Holdings to acquire the entire issued share capital of Tailwind Energy Investments in a deal worth approximately £367 million. The consideration for the acquisition comprises the issue of up to 111,048,124 new ordinary shares in Serica, which will represent up to […]

  • Tyra II makes another step towards the finish line with first gas still on track for winter

    6 July 2023
    Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Project & Tenders

    The power-up of two gas turbines at TotalEnergies’ redevelopment project in the Danish North Sea has been completed.

  • Survey: Subsea industry sees sales, recruitment fall. All eyes on exports

    9 June 2016

    Subsea UK, the industry body representing firms dealing with subsea oil and gas business, has conducted a snapshot survey which shows a steep drop in sales, and recruitment drive, since the oil price collapse. Regardless, the UK subsea industry has maintained its investment in technology and looks to increase exports. The organization said on Thursday […]

  • UK: Aberdeen Harbour Records Major Traffic Increases

    8 August 2012

    Aberdeen Harbour has recorded significant increases in traffic in the first six months of the year, as activity within the energy sector generally and the North Sea in particular continues to rise. Continued growth in the oil and gas sector was reflected in the increase in support vessels that used the port over the first […]

  • Reuters: Total eyeing $1.5B UK North Sea oilfield sale

    9 July 2018

    France’s oil major Total is reportedly looking to divest $1.5 billion worth of UK North Sea assets.

  • H&W to Manufacture Two Offshore Suction Bucket Foundations (UK)

    27 October 2011

    Harland and Wolff will manufacture the first two commercial offshore suction bucket foundations (Universal Foundations) at its Belfast facilities. The contract forms part of an overall project secured by Fred. Olsen United AS with Forewind Ltd. for the construction, delivery and installation of two complete meteorological masts, known as met masts, including foundations on the […]

  • EXCLUSIVE: OHT Orders Offshore Wind Foundation Installation Vessel

    16 July 2018
    Project & Tenders

    Norway’s OHT has signed a contract with China Merchants Heavy Industry (CMHI) in Jiangsu, China, for the construction of a 48,000 dwt semi-submersible offshore wind farm foundation installation vessel, with options to extend the program with up to three vessels.

  • EXCLUSIVE: OHT Orders Offshore Wind Foundation Installation Vessel

    16 July 2018
    Project & Tenders

    Norway’s OHT has signed a contract with China Merchants Heavy Industry (CMHI) in Jiangsu, China, for the construction of a 48,000 dwt semi-submersible offshore wind farm foundation installation vessel, with options to extend the program with up to three vessels.

  • IOG expands in North Sea with Oyster buy

    13 June 2016
    Business & Finance

    Independent Oil and Gas (IOG), a development and production focused oil and gas company, has signed an agreement with Verus Petroleum to buy 100% of the shares of its subsidiary, Oyster Petroleum.  The acquisition is conditional upon Verus completing the transfer of certain licences into Oyster which have 2C recoverable resources of 320.7 billion cubic feet of gas […]

  • New Zealand: OMV to sell Maari oil field to Jadestone for $50M

    18 November 2019
    Infrastructure

    Austria’s OMV will sell its 69% interest in the Maari Field offshore New Zealand to Jadestone Energy for $50 million, to focus on gas production in the country.

  • Two Scottish firms team up to create Scotoil Offshore Services

    5 May 2014
    Business & Finance, Equipment

    Two oil and gas suppliers have announced a new joint venture which is to create about 10 jobs in Aberdeen.   Environmental management specialists Scotoil Services has amalgamated with design and manufacturing firm BME UK Ltd to create Scotoil Offshore Services Ltd (SOS). The companies, each having 20 years of experience in the offshore sector, saw […]

  • EPL To Acquire Oil Rich Central Gulf of Mexico Shelf Properties

    14 January 2011
    Business & Finance

    Energy Partners, Ltd.  today announced it has executed a purchase and sale agreement to acquire producing oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) shelf from Anglo-Suisse Offshore Partners, LLC for $201.5 million. The assets are currently producing approximately 3,000 net barrels of oil equivalent (boe) per day about 92 […]

  • Proserv Names Country Manager for Nigeria

    30 October 2013

    International energy technology services company Proserv has reinforced its expanding global reach by appointing a country manager in one of West Africa’s fast-emerging provinces. Olu Phillips takes up the post in Nigeria where Proserv has experienced rapid growth in demand for its integrated services and specialist technology. Olu, who has extensive experience in the African […]

  • DNV clears Oceans of Energy’s offshore solar design for North Sea conditions

    9 October 2023
    Business Developments & Projects, Certification & Classification, Collaboration, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Technology, Transition

    DNV, the independent energy expert and assurance provider, has issued a statement of conformity to Dutch floating solar company Oceans of Energy for its offshore solar solution, which clears it for deployment in rough sea conditions like those in the North Sea.

  • After a year of active tendering, Subsea7’s backlog hits year-end level last seen in 2013

    29 February 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Transition, Vessels, Vision

    After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the prior year, said to be […]

  • Subsea UK and Scottish Enterprise in £15M R&D Funding Call

    4 December 2017
    Business & Finance, Equipment, Research & Development

    Industry body Subsea UK in partnership with Scottish Enterprise has opened an R&D funding call for innovation projects to drive forward research and development projects between Scotland and Japan that could help solve the industry’s most complex technological challenges. The project forms part of the memorandum of understanding (MOU) that was signed between Scottish Enterprise […]