Fossil Energy
Upstream spending cut by $285bn as Covid-19 takes its toll, Rystad says
The toll of the Covid-19 on upstream investments in the first two years of the downturn is estimated at $285bn, Rystad Energy reports.
Prosafe heading to Supreme Court over Westcon case
Offshore accommodation rig provider Prosafe is heading to the Supreme Court to appeal a recent ruling by a Norwegian Court of Appeal.
Equinor signs deals with startups from Energy Accelerator event
Equinor’s corporate venture arm Equinor Ventures has signed deals with and gave prizes to participants of the Equinor and Techstars Energy Accelerator.
Eni to splash €5.7 bln by 2024 in carbon-neutrality push
Italian oil and gas company Eni has released its Eni for 2020 sustainability report, outlining the company’s path to face the global challenges.
Spotlight on major projects in carbon capture realm
Carbon capture utilization and storage has gained momentum in the last couple of years as energy transition talks and plans intensified.
After 21 years in North Sea, Petrojarl Banff FPSO ready for recycling – gallery
The Petrojarl Banff FPSO is now moored alongside the MARS quayside in Denmark in preparation for green recycling.
TGS and Horisont Energi cooperating on carbon capture and storage
TGS has signed a Memorandum of Understanding (MoU) with carbontech start-up Horisont Energi to jointly develop new carbon capture and storage (CCS) technologies. Under the MoU, the parties will collaborate to identify and develop methods for the identification and classification of CO2 storage reser
Petrofac CFO set to leave. Replacement already named
The chief financial officer (CFO) of oilfield services provider Petrofac has advised the company of his intention to leave and take up a new role outside of the group.
DOF Subsea lands multiple North Sea contracts
DOF Subsea has acquired multiple contracts for execution in the North Sea, including a number of subsea projects with inspection, maintenance & repair (IMR), construction, and decommissioning services.
Dolphin rig to drill HPHT well for Wellesley
Dolphin Drilling has secured a Letter of Intent with Wellesley Petroleum for the drilling of an HPHT exploration well on the NCS.
Total picks Bilfinger for inspection services off Denmark
Engineering and services group Bilfinger has been hired by oil major Total for inspection services on its assets offshore Denmark.
ExxonMobil, Shell get $2.4 billion in subsidies for carbon storage project
The Dutch government has granted a consortium that includes oil majors Shell and ExxonMobil around $2.4 billion in subsidies for what will be one of the largest carbon capture and storage (CCS) projects in the world.
Equinor adds extra well to Odfjell rig backlog
Norwegian oil and gas giant Equinor has exercised one additional well for the Odfjell Drilling-owned Deepsea Atlantic rig.
No oil for Harbour Energy after two-well North Sea campaign
Harbour Energy has drilled a dry exploration well on the Ilder prospect off Norway, ending a two-well campaign with disappointing results.