Fossil Energy
Subsea 7 sees growth in revenues, expects tendering activity to remain high
Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant acti
This year’s oil & gas payments to governments to smash records, Rystad says
High commodity prices and increasing oil & gas supply are set to push upstream sector payments to governments to an all-time high, Rystad says.
Hamlet proves to be an oil and gas discovery
Oil and gas company Neptune Energy has confirmed an oil and gas discovery at its Hamlet exploration wells in the North Sea off Norway.
Activists in Germany turn off oil pipelines in protest against North Sea drilling
Activists in Germany turned off crude oil pipelines at five locations, calling the government to stop new fossil fuels projects.
First gas flows between Denmark and Norway after Baltic Pipe North Sea construction ends
Energinet has completed all work on the Baltic Pipe project in the North Sea, after several years of preparation and construction work. According to the Danish transmission system operator (TSO), the extensive construction work in the North Sea has been completed and this weekend there was a “hole t
Equinor to keep PGS busy this summer
Norway’s PGS has leveraged its multi-year frame agreement with compatriot oil and gas giant Equinor to secure contracts for the 2022 summer season. PGS will be carrying out 4D GeoStreamer monitoring surveys over the Visund field in the North Sea and the Snøhvit field in the Barents Sea. The company
ConocoPhillips cleared to spin the drill bit at Norwegian Sea well
The Norwegian Petroleum Directorate has granted ConocoPhillips a drilling permit for a wildcat well located in the Norwegian Sea off Norway.
New jobs for Transocean rigs with one rig coming back from idle mode
Offshore drilling contractor Transocean has been awarded a new contract and extensions for its rigs, adding $87.2 million to its backlog.
Australian player enters North Sea acreage close to UK’s giant oil field
Finder Energy has expanded its UK North Sea portfolio after entering into an agreement to buy a licence close to the giant Buzzard oil field.
Activists block Russian oil tanker in Norwegian port, calling on govt to ‘stop fueling the war’
Activists are blocking a Russian tanker from offloading oil in Norway, calling on the government to ban the imports of Russian fossil fuels.
Shell gets closer to drilling North Sea gas target this year
Shell and Deltic Energy are planning to drill an exploration well on the Pensacola gas prospect in the UK North Sea later this year.
U.S. player tasks Norwegian shipping firm with managing another vessel
Remøy Shipping has secured a deal to provide management services for another one of Seacor Marine’s platform supply vessels.
Norway’s oil production in March falls but gas output grows
Even though Norway recorded a slight increase in gas production in March 2022, the oil output fell behind NPD’s predictions.
In focus: Governments around the globe embracing renewable energy revolution
The week behind us saw many nations exploring renewable energy opportunities to cope with the global energy crisis.