Fossil Energy
ConocoPhillips picks up drilling permit for Norwegian Sea wildcat
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia a drilling permit for a wildcat well located offshore Norway.
Subsea contractor targets electrification market for oil & gas through offshore wind
Norwegian subsea contractor Havfram has revealed its goal to become one of the future leaders in the electrification market for oil and gas production assets through offshore wind developments. The move comes after Havfram changed its name from Ocean Installer back in December 2020 to reflect its in
Neptune going ‘beyond net-zero’ in bid to store more CO2 than it emits by 2030
Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.
Oil prices jump as sanctions spur supply fears while OPEC+ reconfirms output plans
Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid fears about the impact of Russia’s attack on Ukraine and the resulting sanctions.
Norwegian contractor boasts largest ever delivery after completing another Johan Sverdrup platform
Aibel has completed the construction of the second P2 processing platform for the Equinor-operated Johan Sverdrup project located off Norway.
ExxonMobil joins other majors in ditching Russian projects and investments
Following the footsteps of the European giants, U.S. major ExxonMobil is also looking to exit its position from a project in Russia.
Report: Nord Stream 2 AG considers insolvency following US sanctions
Nord Stream 2 AG, the Switzerland-based company that built the namesake Germany-Russia gas pipeline, is considering filing for insolvency following U.S. sanctions, according to Reuters. Nord Stream 2 AG is working with a financial advisor to clear some of its liabilities and could formally start ins
Shearwater returns to Edvard Grieg, divests four seismic vessels
Shearwater GeoServices has won a contract with Lundin Energy Norway to deliver a 4D ocean bottom seismic (OBS) survey at the Edvard Grieg field. The SW Cook and SW Tasman will conduct the one-and-a-half-month project (3 vessel months) in the North Sea during the 2022 summer season using its Qseabed
Mocean Energy lands funds to build wave energy device for oil and gas sector
Scottish company Mocean Energy has secured €875,000 to accelerate the commercial roll-out of its wave energy technology and drive its adoption in offshore oil and gas sector.
Baltic Pipe to restart paused construction as it obtains new environmental permit
The Danish Environmental Protection Agency (DEPA) has issued a new environmental permit for the Baltic Pipe project, allowing Energinet to restart construction on parts that have been on pause since spring last year. Construction on parts of the project in the eastern part of the Jutland peninsula a
After BP and Equinor, Shell ditching Russian business and TotalEnergies withholding capital from new projects
Shell has joined BP and Equinor in a decision to exit Russia-related businesses following Russia’s attack on Ukraine.
Serica shuts down North Sea field over subsea control module issues
Serica has stopped production from a field located in the UK North Sea for repair and replacement following a subsea control module issue.
Peterson to keep on supporting Shell’s North Sea operations
Peterson has inked a new contract with Shell for the provision of integrated logistics across energy major’s Southern North Sea assets.
Oilex awaits licence for carbon capture and storage project in UK
Australia-based Oilex is hoping to get a licence from the UK authorities, which would enable it to move forward with its CCS project in the UK.