Business & Finance
Well intervention brings production boost for North Sea field
Well intervention activities have been carried out at the Bittern field located in the North Sea, boosting its production.
ConocoPhillips secures govt nod to spud Norwegian Sea wildcat
The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia a drilling permit for a wildcat well located in the Norwegian Sea.
Malaysia’s Yinson names its first Brazil-bound FPSO
Malaysian FPSO operator Yinson and its project partner Sumitomo have officially named their newest asset, FPSO Anna Nery.
CorPower Ocean set to launch ‘next-generation’ wave energy converter
CorPower Ocean is set to officially launch its next-generation C4 wave energy converter alongside its new ‘CorPack Concept’ providing the building blocks for future wave energy farms.
Sweden transitioning to ‘fossil-free society’ by banning extraction of coal, oil and gas
Sweden is banning the extraction of coal, oil and natural gas and tightening rules on the extraction from alum shale.
Three companies apply for CO2 storage permit off Norway
Norway’s Ministry of Petroleum and Energy has received applications from three companies interested in securing space for possible future CO2 storage on the Norwegian continental shelf (NCS). The companies that applied for a permit by the deadline of 1 June are TotalEnergies EP Norge, Wintershall De
Euronav takes full control of two FSOs working on Qatar’s giant oil field
Euronav has become the full owner of two FSO vessels, operating on Qatar’s Al-Shaheen field, as previously held in its JV with International Seaways.
Oceanica buys two work-class ROVs to support Petrobras’ projects
Brazil’s Oceanica Engenharia e Consultoria has taken delivery of two work-class remotely operated vehicles (ROVs) from Forum Energy Technologies (FET) to support inspection, repair, and maintenance (IRM) activities at Petrobras’ oil fields. FET manufactured the systems at its UK facility at Kirkbymo
Northumberland subsea cable factory closer to reality
Northumberland County Council has welcomed the approval of JDR Cable Systems’ plan to open a new subsea cable manufacturing facility in Cambois, near Blyth. JDR revealed in September 2021 that it plans to build the 69,000 sqm facility on the site of the former coal-fired power station at Cambois. I
Chevron and KazMunayGas set on unlocking lower carbon potential in Kazakhstan
Chevron has joined forces with KazMunayGas to collaborate on evaluating, investigating and pursuing lower carbon opportunities in Kazakhstan.
Shearwater targets time and cost efficiency with novel ocean bottom node
Shearwater GeoServices has launched a new node that is said to expand the potential ocean bottom seismic market due to its time and cost efficiency. The Pearl node is of small size and low weight which allows wider and denser spreads reducing operational time by a third compared with current deploym
Perenco inks deal with New Age to take over Etinde permit operatorship
Perenco has inked a deal with New Age to buy its stake and take over the operatorship of a field offshore Cameroon.
U.S. court ruling puts a stop to offshore fracking in federal waters off California
U.S. federal appeals court upheld a ban on offshore fracking in waters off the California coast, calling for a full environmental review.
U.S. DOE to open Hydrogen Shot Incubator Prize
The U.S. Department of Energy (DOE) has announced the opening of the 2.6 million prize that help meet the DOE Hydrogen Shot goal of $1 per kilogram of clean hydrogen.