Business & Finance
Norway offers offshore licences to 28 oil & gas firms amid ‘great interest’
The Norwegian Ministry of Petroleum and Energy has offered 53 licences on the Norwegian continental shelf in APA 2021 to 28 companies.
Equinor resumes working with CGG for PRM imaging
CGG has secured a three-year contract extension to continue operating a dedicated 4D permanent reservoir monitoring (PRM) imaging center at Equinor’s Stavanger offices in Norway. Equinor’s asset teams analyze the 4D seismic images delivered by CGG within days of acquisition in order to optimize prod
STR expands geographical reach as new investment comes
The U.S.-headquartered Baird Capital has invested in Subsea Technology & Rentals (STR) to support the UK subsea rental equipment provider in developing its equipment and service offerings. The investment will also enable STR to further expand its geographical reach, with the Americas, mainland Europ
NYK, Knutsen form new company for LCO2 transportation
Japanese shipping major NYK and Norway’s Knutsen Group have established a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business worldwide.
PGS wins seismic acquisition contract for UK CO2 capture and storage project
British oil and gas major BP has contracted Norway’s Petroleum Geo-Services (PGS) to deliver a carbon capture and storage (CCS) 3D seismic acquisition scope over the Endurance reservoir offshore the UK. Seismic acquisition is scheduled to start during April at the site located about 145 kilometers o
Offshore watchdog earmarks funds for better incident follow-up in oil & gas
Norwegian regulator will invest $1.9 million annually in a drive to advance the follow-up of serious incidents in the oil & gas sector.
Aker BP boosts Maersk Drilling’s backlog with $29 million
Offshore rig owner Maersk Drilling and oil company Aker BP have agreed to a rig swap for an extended scope of work offshore Norway.
SSY swallows Anchor Shipbroking to strengthen S&P business
Simpson Spence Young (SSY), the world’s largest independent shipbroker, has decided to acquire Anchor Shipbroking.
Two Norwegian players share helicopters in North Sea to cut costs and emissions
Oil and gas company Vår Energi and Equinor have recently started a five-year helicopter-sharing agreement in the North Sea.
Industry’s first as DNV certifies Subsea 7 polymer lined riser product
Subsea 7 has received DNV Technology Certification for its Swagelining polymer lined riser product, said to be a world first. According to Subsea 7, the qualification programme was designed to address the challenges presented by the dynamic service environment and vertical orientation of the riser p
Equinor cleared to put Floatel’s unit to work at North Sea field
Norway’s PSA has given Equinor consent to use one of Floatel’s semi-subs as a mobile quarters facility at a North Sea field off Norway.
Concordia Maritime sells P-MAX vessel to improve long-term prospects
Swedish tanker shipping company Concordia Maritime has entered into an agreement for the sale of the 65,000 dwt P-MAX vessel Stena Perros to accelerate the amortization of bank debt.
Lundin bites the dust in Norwegian Sea
Lundin Energy is in the process of concluding the drilling of a wildcat well east of the Ormen Lange field in the Norwegian Sea.
Two rival players get green light for merger plans
The Norwegian Competition Authority raises no objections to the business combination proposed by Maersk Drilling and Noble Corporation.