Business & Finance
Equinor prolongs Odfjell rig’s stay by piling up more work
Equinor has decided to exercise its option for additional wells to be drilled by an Odfjell Drilling-owned rig offshore Norway.
Two Norwegian players to slice up MOL’s stake in two North Sea discoveries
After deciding to buy MOL’s stake in two North Sea licences, Lime has inked a farm-down deal with Vår Energi for a portion of this stake.
Valaris sells jack-up and secures more work for multiple rigs ‘across several geographies’
Valaris has been awarded new deals and contract extensions for ops in Brazil, Australia, Brunei, North Sea, and the U.S. Gulf of Mexico.
Equinor’s oil & gas output to drop while it shuts in fields as offshore workers go on strike
Equinor has shut down production at three fields off Norway and revealed plans to do the same with four more due to oil & gas workers’ strike.
WATCH: Valaris rig sets sail for its gig with Repsol
Valaris has revealed that one of its jack-up rigs is on its way to its new assignment with Repsol, a Spanish oil and gas company.
Norway greenlights boost in output from several fields to meet energy demand
Norway’s government has devised a plan to ramp up output at several fields to maintain high gas exports to Europe and meet the growing demand.
Teekay hands over FPSO vessel for UK project with potential to be powered by offshore wind
Teekay Corporation has delivered an FPSO vessel to an operator of a North Sea project, which anticipates operational deployment by 2025.
Subsea cable installation ops begin at Shetland HVDC link
Scottish Hydro Electric Transmission has commenced the first cable installation campaign of the Shetland HVDC link. Campaign 1, which begins at Noss Head, North of Wick, started on 23 June and is scheduled to take place until 18 December. NKT Victoria is in charge of laying the cable, after which Gr
Middle East, Africa to play ‘vital role in averting global shortages’ by unlocking more natural gas for export
More efficient power sector in the Middle East and Africa could unlock higher volumes of natural gas for export, says the IEA.
Ofgem grants electricity interconnector license for Great Britain-Ireland link
UK energy market regulator Ofgem has granted an electricity interconnector license for the MaresConnect Interconnector that will link Ireland and Great Britain. The license, granted on 27 June, authorizes MaresConnect Limited to participate in the operation of the interconnector that will link the B
Marine Energy Wales gets government funding
Marine Energy Wales, the industry association for Welsh marine energy, has secured a new three-year grant from the Welsh government to support its work until 2025.
Hammerfest-based firm scoops five-year deal for Barents Sea FPSO
Vår Energi has awarded a long-term framework agreement to the Hammerfest-based Oss-nor for valve services on an FPSO in the Barents Sea.
‘Key milestone’ under Ithaca’s belt as it closes acquisition of Siccar Point
Delek’s Ithaca Energy has completed the acquisition of Siccar Point Energy, which has enabled it to further expand its North Sea portfolio.
Two oil & gas firms ready to drill North Sea wells this month
Two oil and gas players have been granted drilling permits by Norwegian authorities for wildcat wells in the North Sea offshore Norway.