Fossil Energy
Rystad Energy: Giant Tuna-1 discovery could save Turkey $21 billion
If Turkey develops the giant Tuna-1 (Danube-1) gas discovery, it could potentially save the country up to $21 billion in import costs, Rystad Energy estimates.
New director for DOF Subsea
Oslo-listed engineering and marine services player DOF Subsea has elected Marianne Møgster as its new director. Marianne Møgster, born in 1974, currently serves as senior vice president of Finance in DOF Subsea AS. She has experience from several other positions in DOF, StatoilHydro and Norsk Hydro.
Noble Corp. secures more rig work but day rates suffer
Offshore drilling contractor Noble Corp. has won more work for some of its drilling rigs but has also seen its day rates slashed.
Tullow Oil picks ex-Anadarko man for director role
Oil and gas exploration company Tullow Oil has appointed a new independent non-executive director on the company’s board of directors.
Petrojarl Banff FPSO reaches UK port ahead of recycling
UK’s Kishorn Port has welcomed the Petrojarl Banff FPSO for temporary mooring while its owner is looking for a suitable location for recycling.
Equinor hires Noble rig for Valemon campaign
Noble Corporation has been awarded a contract by Equinor for drilling three wells at the Valemon field from the summer of 2021, using the Noble Lloyd Noble drilling rig.
Damen delivers fast crew supplier vessel to Rederij Groen
Dutch Damen Shipyards has delivered a fast crew supplier (FCS) vessel bound for work in the oil and gas industry to shipping and service company Rederij Groen.
Oil & gas after 2020: Will the latest downturn lead to permanent transformation?
Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
Neptune Energy starts drilling Bue well off Norway
Oil and gas company Neptune Energy has started drilling the Bue well on the offshore Fenja field in the Norwegian Sea.
GC Rieber in fleet management deal with OSM
Oslo-listed GC Rieber Shipping and OSM Maritime Group (OSM) have entered into an agreement for fleet management services. Specifically, the deal includes business transfer from GC Rieber to OSM of all technical, crewing and support functions in Bergen. OSM will also establish a new wholly-owned ship
Barrier deficiencies force Equinor to drill fresh Martin Linge wells
Equinor has decided to drill new wells on its operated Martin Linge field, located offshore Norway, due to barrier deficiencies discovered in previous wells.
Rystad: Europe could invest $35 billion in CCS by 2035
After many years of expensive carbon capture and storage (CCS) studies and test centres, Europe has reached a point where big-scale developments are financially sensible, a Rystad Energy analysis shows.
OFG buys CSEM capability from PGS
PGS and Ocean Floor Geophysics (OFG) have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. Oslo-listed PGS receives shares in Canada-based OFG as settlement for the transa
Avance Gas shuffles management
Norwegian shipping company Avance Gas has made a number of changes to its management.