Fossil Energy
Oil and gas industry doubles down on green investments, DNV GL claims
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.
Dana to withdraw from North Sea gas project
Following a review, oil and gas company Dana Petroleum is abandoning an offshore gas project located in the UK sector of the North Sea.
Polarcus stock crashes on loan default news
Marine seismic player Polarcus said on Tuesday it has defaulted on debt payments and that it will halt all interest and installment payments to finance providers. As a result, the company’s shares fell over 30 percent before the Oslo Stock Exchange stopped trading on Tuesday morning. During these di
Pipelayer resumes work on Nord Stream 2 in Danish waters
A pipelayer vessel has started work in Danish waters ahead of the resumption of construction of the Nord Stream 2 gas pipeline regardless of the pressure from the United States and European Union to stop it.
Petrofac hires Stena rig for UK operations
Offshore drilling contractor Stena Drilling has signed a new drilling contract with Petrofac for operations in the UK using the Stena Don rig.
BP in oil exploration team cuts as climate change-driven reorganisation continues
Oil major BP has drastically cut its fossil fuel exploration team in an attempt to keep up with the fast-moving revolution focused around renewables and climate change.
Premier-Chrysaor tie-up gets new CFO
Premier Oil has announced the proposed appointment of a new CFO of a new entity, which will be formed following the completion of a merger with Chrysaor.
Lundin eyes Odfjell rig for one firm well
Oil and gas company Lundin Energy and Odfjell Drilling have signed a letter of intent for the use of Deepsea Stavanger rig in Norway.
Solstad secures work for subsea trio
Oslo-listed shipowner Solstad Offshore has secured four contract awards for three of its subsea construction vessels (SCVs). Normand Energy will support a project for a client in the Pacific Ocean with an estimated duration of 5 months, including mobilisation and de-mobilisation. Solstad said, the c
Elon Musk to offer $100 million prize for carbon capture technology
Tesla boss and billionaire Elon Musk has revealed his plans to donate $100 million as a prize for the “best carbon capture technology”.
Norway: December oil output rises above expectations
Norway ended 2020 on a high note with oil production in December 2020 above forecasts made by the Norwegian Petroleum Directorate (NPD).
KenzFigee bags five-year services deal with Dana
KenzFigee has secured a five-year deal to provide its TotalCare Lifting Services for Dana Petroleum’s operations in the UK.
Two Kerogen controlled oil players outline net-zero strategies
Norwegian oil and gas company Pandion Energy has launched its strategy to achieve net-zero carbon emissions, recognizing the importance of climate change.
Spirit Energy extends partnership with contractor trio
Spirit Energy has extended agreements with Subsea 7, TechnipFMC and DNV GL for future developments offshore Norway. The new 5-year deals are a continuation of supplier collaboration that started in 2015, and which has contributed to Spirit Energy delivering its first development on the Norwegian She