Fossil Energy
Maersk Supply Service sells three laid-up vessels for scrap
Maersk Supply Service has arranged to recycle three vessels as part of its strategy to optimise its fleet portfolio.
Kongsberg to furnish Brazil-bound FPSO with electrical and control equipment
Kongsberg Maritime has inked a deal with Yinson to deliver electrical and control technologies for an FPSO, which will operate off Brazil.
UK regulator mulling over rig sale proposal as solution for Maersk-Noble merger
The UK’s competition regulator might accept a remedy proposal, submitted in response to its concerns about the proposed Noble-Maersk merger.
Longboat gains access to OMV’s two ‘high-quality, gas-weighted’ wells off Norway
Longboat has executed a farm-in agreement with OMV for two prospects on the NCS, boosting its net unrisked mean resources by 68 per cent.
Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says
Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.
In focus: Great determination for creating net-zero future
A lot of companies involved in the offshore energy sector have already introduced their plans on how to reach the net-zero emissions status by a certain point in the future. In this week’s In Focus, we are spotlighting the most recent projects aiming to achieve these goals.
Standard ETC pays $10 million for stake in Norwegian offshore drilling contractor
S.D. Standard has acquired an interest in the Norway-based offshore drilling contractor, Dolphin Drilling, through an equity issue.
Repsol reopens North Sea field after oil spill-related shutdown
Repsol has experienced production interruption at its operated Yme field located offshore Norway but the field has now been restarted.
Saipem brings sustainability to subsea pipelaying
Saipem has revealed a new, sustainable subsea pipelaying method which allows forming vertical cold bends in the pipeline in a strictly controlled way and directly underwater by means of a specially designed remotely operated underwater bending machine. The Underwater Cold Bending technology is said
Oilfield services giants win big as Equinor hands out over $2 bln worth of contracts
Equinor is extending its contracts with Baker Hughes, Halliburton, and Schlumberger for integrated drilling and well services.
Aker BP becoming operator of all NOAKA discoveries to ensure efficient execution
Equinor and Aker BP have inked a deal for the transfer of operatorship, allowing the latter to take the operator helm in the NOAKA area.
Thialf vessel set to embark on removal campaign offshore Ireland
PSE Kinsale Energy is preparing to kick off its platform removal campaign for the Kinsale Head gas fields with Heerema’s Thialf vessel.
Shell’s profit soars on higher oil and gas prices
Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices.
Wintershall Dea’s hydrogen and CCS project to support Wilhelmshaven energy hub
Wintershall Dea’s new project is putting the wheels into motion to decarbonise the German industry with the help of hydrogen and CCS.