Fossil Energy
North Sea exploration: Risk appetite remains despite low oil prices
The North Sea has been a cash cow for the UK and Norway contributing to their economies for over half a century.
TSG Marine to bring COVID-19 fast screening, sanitation system offshore
Marine engineering specialists TSG Marine is working on a molecular technology to support the offshore energy sector on its exit out of the COVID-19 crisis.
HydraWell and Exedra in well abandonment alliance
Norway-based well integrity specialist HydraWell has teamed up with fellow compatriot Exedra. The two companies will join forces with aim to bring new solution for the well abandonment and side-tracking markets. Initial focus will lie on the Norwegian market. The emphasis will be on novel methods of
Eni to take up $4 billion impairment hit due to lower oil price outlook
Italian oil major Eni is expecting to report impairments of around 3.5 billion euros (around $3.96 billion) as a result of a lower outlook for energy prices.
Equinor picks Odfjell rig for another phase of Sverdrup drilling
Equinor has signed a letter of intent with Odfjell Drilling for the Deepsea Atlantic rig to drill 12 wells during phase 2 of the Johan Sverdrup field development in Norway, following its work on phase 1.
Denmark OKs ships with anchors to lay Nord Stream 2
The Danish Energy Agency has approved the use of pipelaying vessels with anchors for the construction of the Nord Stream 2 pipelines. On 5 June 2020, Nord Stream 2 AG submitted a request to use pipelayers with anchors for the construction. Previously, the agency approved only the DP pipelaying vesse
Hurricane Energy chief operations officer passes away
Chief operations officer (COO) and executive director of London-listed oil explorer Hurricane Energy has passed away.
Viaro to acquire RockRose Energy for $308 million
Independent energy company Viaro Energy has made an offer for the acquisition of the entire share capital of UK-based oil and gas company RockRose Energy.
Equinor awards Statfjord engineering and installation job to Apply
Equinor has awarded Apply a framework agreement for engineering and installation services on the Statfjord field located in the North Sea.
Greenpeace fined $100,000 over BP oil rig protest
A court in Scotland has slapped Greenpeace with an £80,000 ($100,000) fine for attempting to stop British oil major BP from drilling for new oil at the Vorlich offshore oil field.
Spirit hits dust in Barents Sea well
Spirit Energy has drilled a dry well near the Johan Castberg field in the Barents Sea offshore Norway.
Neptune Energy strikes pay at Dugong well
Oil and gas exploration firm Neptune Energy has hit hydrocarbons at the Dugong well in the Norwegian sector of the North Sea.
OOS International expands with offshore design company buy
Dutch offshore services provider OOS International has expanded its portfolio with the acquisition of Leenaars Marine & Offshore Design (LMO).
COSL Drilling eyes new North Sea contract for semi-sub rig
COSL Drilling Europe has signed a letter of intent for the use of COSLInnovator rig on the Norwegian Continental Shelf starting early next year.