Fossil Energy
BP to get rid of its interest in Russia’s Rosneft and Equinor to exit Russian JVs
BP has decided to exit its shareholding in Russia’s Rosneft while Equinor has moved to exit its JVs in Russia.
Germany to break free from Russian gas with two LNG terminals
Germany has revealed plans to build two liquefied natural gas (LNG) terminals in the near future in an effort to reduce its dependence on Russian gas.
Neptune spuds North Sea prospect close to existing infrastructure
Neptune Energy has started drilling the Hamlet exploration well located in the Norwegian sector of the North Sea.
In focus: Energy system transformation gathers pace with government-backed innovations
Among numerous energy transition initiatives, the ones that stood out the most this week were enacted by governments which truly do have the power to bring about the long-overdue upgrade to our energy landscape.
UK competition regulator investigating Noble-Maersk Drilling merger
The UK’s competition regulator is looking into the proposed merger between offshore drilling giants, Noble Corporation and Maersk Drilling.
Saipem to focus on core oil & gas and low-risk offshore wind projects following financial woes
Following a profit warning in late January, Saipem has revealed details about its revised strategic plan for the 2022-2025 period.
Equinor gearing up for Barents Sea wildcat
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a wildcat well located offshore Norway.
Solstad concludes 2021 with positive numbers despite Covid hits
Solstad Offshore has reported a revenue of NOK 5.4 billion for the financial year 2021, an 8% increase compared to NOK 5 billion in 2020. Looking ahead, the Norwegian company revealed it fears that the current situation in Ukraine could impact its operations. The Norwegian company announced a full-y
Oil price soars past $100 mark as Russia-Ukraine crisis escalates
Oil prices soared on Thursday with Brent surging over the $100 barrel mark for the first time in eight years.
Energy industry optimistic about transition despite skills shortages, policies, and supply chain issues – DNV
Energy industry leaders believe the energy transition is accelerating and that 2022 is set to be a strong year for growth, DNV has said.
Fugro to support Heerema’s offshore installation and decom operations
Fugro has entered into a four-year global framework agreement with Heerema Marina Contractors for survey and positioning support services onboard Heerema’s heavy lift crane vessels.
Wheels are in motion for Rosebank oil project off Shetland
Wheels are in motion for the Equinor-operated Rosebank project located West of Shetland, one of the largest undeveloped fields on the UKCS.
UK well engineering specialist sees new deal as reflection of growing confidence in North Sea
UK’s Fraser Well Management believes that its new contract demonstrates the growing confidence in the hydrocarbon potential of the North Sea.
Aiming for industry’s greenest fleet of vessels, Solstad goes on decarbonisation quest with Wärtsilä
Solstad has turned to Wärtsilä in a bid to reduce the carbon footprint of its fleet and achieve its decarbonisation ambitions by 2050.