Fossil Energy
DNV expects oil & gas capex to shrink and offshore wind growth to trigger race for ocean space
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
PetroNor names interim replacement after authorities detain CEO on suspicion of criminal offence
PetroNor has appointed an interim CEO, after Økokrim detained its CEO, Knut Søvold, on suspicion of a criminal offence.
Five players chasing carbon storage areas offshore Norway
Norway’s government has received applications from five companies for two areas associated with the injection and storage of CO2.
BP to raise its stake in ‘iconic’ UK field as Viaro heads out
BP is increasing its stake in a field located on the UKCS through a deal signed with Viaro Energy’s subsidiary RockRose Energy.
Industry players looking into eco-friendly seismic data collection
Equinor, Lundin, Shearwater GeoServices and Vår Energi have established a joint industry project seeking to develop a more environmentally friendly method for seismic data colletion.
North Star begins fleet decarbonisation journey
North Star, the UK’s largest ship operator servicing the oil and gas industry, has kick-started its ambitious fleet decarbonisation plans with an in-depth sustainability study across its 44 offshore infrastructure support vessels.
Aker BP sanctions North Sea discovery important for Ivar Aasen area
Aker BP and its licence partners have affirmed the investment decision for the development of a North Sea discovery.
BP picks contractors for UK’s landmark carbon capture and storage cluster prize
BP has selected two consortia of contractors to participate in a FEED competition to advance the development of one of the first decarbonised industrial clusters in the world.
UK specialist to develop maintenance strategy for DeNovo’s renewable-powered asset off Trinidad
Oil Plus has been awarded a contract by DeNovo to support the renewable energy powered Zandolie platform, located offshore western Trinidad.
Norwegian player gets go-ahead to buy North Sea field stake from Repsol
Lime Petroleum has received approval from the authorities for the acquisition of Repsol’s interest in the Brage field, located off Norway.
Oil & gas on the rebound but tension will define 2022, Woodmac says
Wood Mackenzie believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered.
Noble rig gearing up for IOG well after two-month hiatus but first gas late
Following a two-month drilling hiatus over an issue with Noble’s rig, IOG plc is preparing to spud a development well in the North Sea.
James Fisher ticks Ithaca Energy project off to-do list
James Fisher Subtech (JF Subtech) has completed a subsea inspection, repair and maintenance (IRM) project for Ithaca Energy on its FPF-1 floating production facility located offshore Aberdeen in Scotland.
UK’s offshore mooring expert to support decom specialist’s North Sea campaign
Aberdeen-based First Marine Solutions has been awarded a contract in the North Sea by a well-decommissioning specialist, Well-Safe Solutions.