Fossil Energy
After a rocky start to the year, BW Offshore moves to seize energy transition opportunities
After a rocky start to the year, BW Offshore is investing in the floating offshore wind to position itself as an early mover in the energy transition.
Rystad Energy: Offshore wind jobs to triple by 2030
Workforce demand in offshore wind will rise dramatically over the next decade, with the number of jobs in this sector reaching around 589,000 in 2025, while 2030 could see 868,000 full-time offshore wind jobs. Currently, it is estimated that around 297,000 people are working in the sector. This is a
Big oil output to peak lower and earlier than expected, Rystad says
The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.
Eni narrows quarterly loss but output takes a hit
Italian oil and gas company Eni managed to cut its losses in the fourth quarter of 2020 as its production dropped by 11 per cent year-over-year.
Petronas to offer 13 offshore exploration blocks in new bid round
Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021.
Petrofac sells UK training business to 3t Energy
3t Energy Group has exchanged contracts with oilfield services provider Petrofac for the purchase of its UK training centres.
Chrysaor spuds North Sea well with COSL rig
Drilling operations on the Chrysaor-operated Jerv exploration well, located offshore Norway, started on 18 February 2021, using the COSLInnovator rig.
Norway: Oil firms increase 2021 spending plans. Decline set for 2022
Oil and gas companies in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022, the national statistics office (SSB) survey said.
Equinor faces safety order over Snorre incident
Norway’s offshore safety watchdog has issued Equinor with a notification of order following an incident at Snorre B platform offshore Norway.
Reach Subsea, MMT stay on Nord Stream survey duty
Norwegian contractor Reach Subsea and its Swedish partner MMT have landed a three-year deal, with two one-year options from Nord Stream AG. This award follows on from the original contract for inspection of both lines of the Nord Stream Pipeline running through the Baltic Sea from Russia to Germany
Premier gets the nod for Balmoral decommissioning plans
Premier Oil’s decommissioning plans for the Balmoral field, located in the UK North Sea, have been approved by UK authorities.
NPD: A lot of oil and gas left on Norwegian shelf
The Norwegian Petroleum Directorate (NPD) has revealed that the Norwegian continental shelf (NCS) holds another 8 billion standard cubic metres of oil equivalent (Sm3 o.e.).
Equinor and Engie team up for low-carbon hydrogen projects
Norway’s energy giant Equinor and French utility company Engie have entered into a partnership to develop joint low-carbon hydrogen activities.
BP unveils first-ever employee share award plan
Oil major BP is launching a first-ever share award scheme to more than 60,000 employees as the company continues transitioning towards a greener future.