Fossil Energy
UK’s Centrica wraps up its sale of Spirit Energy Norway
Centrica has revealed that the sale of its Norwegian business and the Statfjord UK field has been completed for $1.1 billion.
Hurricane abandons another UK licence after ‘rigorous screening criteria’
Hurricane Energy has decided to give up another licence in the Greater Warwick Area on the UK Continental Shelf.
Offshore Energy Exhibition & Conference 2022: Registration is now live!
Register before the 24th of June and receive a 25% discount on your event ticket. From today, it is possible to register for the Offshore Energy Exhibition & Conference (OEEC) 2022. Europe’s leading exhibition and conference connects the entire offshore energy sector. The two-day event taking place
Operators gearing up to sanction two of the largest undeveloped discoveries in UK
Following the extensions of licences for two of the largest undeveloped discoveries off the UK, operators of these two projects are laying the groundwork for their final investment decisions.
Tullow Oil and Capricorn unveil merger plan to create new player with focus on Africa
Tullow Oil and Capricorn Energy have reached an agreement on the terms of a recommended all-share combination of Tullow and Capricorn.
Aiming to focus on offshore, Saipem sells onshore drilling business for $550 mln cash and more
Saipem has decided to sell its onshore drilling business to KCA Deutag for $550 million in cash plus an equity stake in the combined entity.
Following restart, IOG working to double North Sea gas project output
IOG is looking forward to doubling the output at its North Sea gas project, after restoring the production following modifications.
Aker BP hits minor oil and gas find in North Sea
Norwegian oil and gas company Aker BP has made a minor gas and oil discovery near the Valhall field in the North Sea off Norway.
G7 countries to end public funding for international fossil fuels projects
The G7 countries have pledged to end direct international public financing of the fossil fuels sector starting from the end of this year.
EU to ban majority of Russian oil imports by year-end
The European Union leaders have decided to ban almost 90 per cent of Russian oil by the end of the year following an agreement on the sixth round of sanctions against Russia.
Searcher to take on 3D reprocessing projects around UK’s giant oil field
Searcher Seismic will be working on two new multi-client 3D reprocessing projects to support the infrastructure-led exploration (ILX) strategy in the North Sea offshore UK.
Software company to help BW Energy manage carbon emissions in new oilfield developments
BW Energy has engaged the services of IFS to support its growth strategy, deliver operational efficiencies, and limit emissions.
Another seismic firm joins UK carbon capture, utilisation and storage project
BP, on behalf of the Northern Endurance Partnership (NEP), has awarded Shearwater GeoServices with a contract for geophysical data processing and imaging to advance the East Coast Cluster carbon capture, utilisation and storage (CCUS) project. Shearwater’s UK Processing & Imaging centre will execute
New CFO taking the reins at Prosafe
Prosafe has now brought its search for a new CFO to an end and hired a new one, who will take over the role in a couple of months.