Fossil Energy
Two North Sea fields drive Lundin’s reserves increase
Oil and gas company Lundin Energy has disclosed an increase in its 2P and 3P reserves, owing to two North Sea fields.
In focus: Emission-reduction initiatives ramping up across offshore energy sectors
The COVID-19 pandemic may have transformed the way we live and work; however, the offshore energy sector seems to find its way through these challenges. A flashback to the week behind us reveals that new roadmaps to achieve net-zero goals are developed across various sectors, while new projects are
Upstream M&A deals hit three-year high in 2021 – Rystad
Global upstream merger and acquisition deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 bln, Rystad Energy’s says.
Neptune extends SeaMar vessel charter for IRM services
Offshore vessel operator SeaMar has secured a contract extension with Neptune Energy Netherlands for the diving support vessel (DSV) SeaMar Splendid.
Highest utilisation rate for Prosafe fleet since 2015
In 2021, Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015.
Nexstep contracts Oceaneering for first-ever joint well decom campaign
Six oil and gas operators in The Netherlands have signed an agreement with Oceaneering Services in the first joint campaign to decommission mud line suspension (MLS) wells in the Dutch North Sea, which are wells that were once drilled for exploration purposes, but never became producing wells.
Bumi Armada agrees to sell three ice-class vessels to Russian player
Malaysia’s Bumi Armada has arranged to sell its stake in four subsidiaries holding three ice-class vessels to Russia’s Lukoil.
UK court rules in favour of oil & gas regulator but ‘the fight goes on’ for activists
The UK regulator welcomes the court ruling, while environmentalists suffer a setback, sparking renewed determination to continue fighting.
Serica gearing up for exploration drilling and well intervention in North Sea
Serica is planning to drill an exploration well in the North sea and undertake a well intervention campaign to boost production.
WATCH: Well-Safe cheers ‘momentous landmark’ as decommissioning rig heads to North Sea
Well-Safe Solutions has reached a major milestone with the mobilisation of its Well-Safe Guardian rig for its first job in the UK North Sea.
Norway recorded higher oil & gas output in December
Norway’s oil production in December 2021 was below the NPD’s predictions for the second consecutive month along with the gas output.
Frontier exploration drilling in 2021 fell to the lowest level ever recorded by Westwood
Westwood Global Energy has revealed that frontier exploration drilling fell to the lowest level ever recorded by the company.
TotalEnergies brings in Maersk rig for North Sea job
Danish offshore drilling contractor Maersk Drilling has been awarded a contract with TotalEnergies in the Danish North Sea.
Norwegian player giving new life to oil & gas vessel with conversion for offshore wind
Norside bought a platform supply vessel used in the oil and gas industry for the purpose of converting it for offshore wind ops.