Business & Finance
Once Norwegian Sea licence is dropped, Longboat plans to pick it up
Longboat Energy is seeking to forge a new group of partners to re-apply for a license in the Norwegian Sea, once it has been abandoned.
UK-produced well site processing solution to cut North Sea operator’s emissions
UK-based provider of integrated drilling waste management and environmental solutions TWMA has secured a seven-figure contract with an undisclosed “major” North Sea oil and gas operator. Under the contract, TWMA said it would deploy its RotoMill well site processing solution on a harsh environment s
Equinor buying Suncor’s UK assets for $850 million
Equinor has inked an agreement to acquire Suncor Energy UK Limited, a subsidiary of Canada’s Suncor, for a total consideration of $850 million.
Neptune Energy commits to initiative bolstering tax revenue accountability of natural resources
Oil and gas company Neptune Energy has committed to the Extractive Industries Transparency Initiative (EITI) which aims to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources. Neptune Energy said that becoming a formal supporting company builds on
Subsea 7 sees highest order intake in last 9 years
Subsea 7 has reported an order intake of over $7 billion for the full year of 2022, representing the highest order intake since 2013, with a backlog of over $9 billion, said to have resulted in high revenue visibility for 2024 and beyond. In 2022, Subsea 7 reported revenue of $5.1 billion, which is
UK oil & gas player buying West of Shetland assets
Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has executed a share purchase agreement to acquire Spark Exploration UK.
Petrofac extends collaboration with Scottish repair and inspection solutions provider
Oilfield services provider Petrofac has signed a new master service agreement (MSA) with ICR Integrity, a Scotland-headquartered provider of specialist repair, inspection and integrity solutions, valued at over £1 million per annum. Under the MSA, initially awarded in 2019, ICR’s partnership with Pe
Aker BP’s North Sea well comes up dry
Aker BP has completed the drilling of an exploration well near the Edvard Grieg field in the Norwegian sector of the North Sea but failed to find hydrocarbons.
Recent oil discovery in Barents Sea puts forward tie-back to existing FPSO
Vår Energi’s oil discovery near the Goliat field in the Barents Sea has brought the possibility of a tie-back to the existing infrastructure.
Wilhelmshaven LNG terminal commences regular operations
Germany-based energy company Uniper has reported that, on 28 February 2023, the final acceptance audit took place at the Wilhelmshaven LNG terminal allowing for the start of regular operations as of 1 March 2023. The audit was made by the responsible authorities under the leadership of the Oldenburg
New partnership targets cutting costs of carbon capture and storage infrastructure
Technology group ABB and Pace CCS, a UK provider of engineering design to the CCS and blue hydrogen industries, have signed a partnership agreement to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations. The two compani
With additional stake in five discoveries, Equinor bolsters North Sea position
Equinor has strengthened its position in the northern North Sea by inking an agreement to expand its equity interest in five discoveries on the Norwegian continental shelf (NCS).
EIA calls for new approach: Throwing carbon prices into the mix to unveil fossil fuel subsidies
The International Energy Agency (IEA) has outlined a new price gap-plus approach that could bring carbon prices and environmental costs into the equation.
Copenhagen Infrastructure Partners details involvement in European interconnector projects
After having been declared eligible for Ofgem’s third cap and floor window, Copenhagen Infrastructure Partners (CIP) revealed more information about its involvement in three interconnector projects in the North Sea. CIP announced on 28 February that it had acquired close to full ownership in a 4.2 G