Norwegian subsea contractor Havfram has revealed its goal to become one of the future leaders in the electrification market for oil and gas production assets through offshore wind developments. The move comes after Havfram changed its name from Ocean Installer back in December 2020 to reflect its in
ConocoPhillips has sold its oil and gas assets in Indonesia for $1.35 bln to Medco Energi in a bid to amass more clean energy sources.
Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.
Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid fears about the impact of Russia’s attack on Ukraine and the resulting sanctions.
Aibel has completed the construction of the second P2 processing platform for the Equinor-operated Johan Sverdrup project located off Norway.
Following the footsteps of the European giants, U.S. major ExxonMobil is also looking to exit its position from a project in Russia.
Nord Stream 2 AG, the Switzerland-based company that built the namesake Germany-Russia gas pipeline, is considering filing for insolvency following U.S. sanctions, according to Reuters. Nord Stream 2 AG is working with a financial advisor to clear some of its liabilities and could formally start ins
Following repairs, Jadestone Energy has restored full production at the Montara field, located in the Timor Sea off Australia.
Shearwater GeoServices has won a contract with Lundin Energy Norway to deliver a 4D ocean bottom seismic (OBS) survey at the Edvard Grieg field. The SW Cook and SW Tasman will conduct the one-and-a-half-month project (3 vessel months) in the North Sea during the 2022 summer season using its Qseabed
Scottish company Mocean Energy has secured €875,000 to accelerate the commercial roll-out of its wave energy technology and drive its adoption in offshore oil and gas sector.
In response to Russia’s attack on Ukraine, the U.S. and 30 countries have committed to releasing 60 million barrels of oil from strategic reserves.
The Danish Environmental Protection Agency (DEPA) has issued a new environmental permit for the Baltic Pipe project, allowing Energinet to restart construction on parts that have been on pause since spring last year. Construction on parts of the project in the eastern part of the Jutland peninsula a
Vaalco’s activities offshore Gabon, which are related to field reconfiguration and replacement of an FPSO with an FSO, are still on schedule.
Shell has joined BP and Equinor in a decision to exit Russia-related businesses following Russia’s attack on Ukraine.
