Business & Finance

IOG spuds first well in North Sea drilling campaign
Independent Oil and Gas plc (IOG) has started drilling the Elgood development well, 48/22c-H1, located in the UK North Sea.

Equinor gets life extension for North Sea gas hub
Norway’s safety regulator has given Equinor consent for life extensions for the Heimdal platform with associated pipelines and wells.

Turkey spuds fresh Black Sea well with Fatih drillship
Turkey’s national oil and gas company TPAO has started drilling operations at a new well in the Black Sea, using Fatih drillship.

Energean: Croatia base gets all electricity from renewable sources
Energean has informed that its EDINA operative base in Pula, Croatia is supplied with electricity generated 100% from renewable sources.

Seatronics bags $1M order for multiple VALOR systems
Acteon’s marine technology specialists Seatronics has received a purchase order from Oceanica for multiple VALOR remotely operated vehicle (ROV) systems worth over $1 million.

OMV taps NorSea for supply base services in Norway
NorSea will provide supply base services to OMV’s operations in the North Sea, the Norwegian Sea, and the Barents Sea.

Ireland to get 1.4 GW floating wind farm, green hub
Irish energy company ESB and Equinor will jointly develop a 1.4 GW Moneypoint floating offshore wind farm off the West Coast of Ireland. The Moneypoint wind farm will be developed off the coast of Counties Clare and Kerry in two phases. Once complete, the wind farm will be capable of powering more t

ChampionX to supply non-toxic corrosion inhibitor to North Sea operator duo
Texas-based oilfield tech company ChampionX has secured two contracts to deliver ‘non-toxic’ anti-corrosion chemicals to two major North Sea operators.

How NEO Energy’s growth surge is turning it into one of top five North Sea players
UK-based and North Sea-focused E&P company NEO Energy is poised to become one of the top five players in the UK North Sea.

Shell sells Gasnor to Molgas
Energy giant Shell has signed a deal to sell its Norwegian unit Gasnor to Madrid-headquartered Molgas.

Archer wins 5-year wireline services deal with ConocoPhillips
Offshore services provider Archer Limited has secured a long-term frame agreement with oil firm ConocoPhillips for the provision of wireline services on the Norwegian Continental Shelf.

Legasea expands team
Aberdeenshire-based subsea services start-up Legasea has expanded its team with three new appointments.

Vantage Drilling picks ICM Group for offshore training
Consulting services firm ICM Group has been awarded a global preferred agreement for Vantage Drilling’s onboard regulatory and crane training requirements.

Ithaca sanctions next stage of North Sea project to boost recovery
Ithaca Energy has sanctioned the Captain Enhanced Oil Recovery Stage 2 project in the UK Central North Sea.