Fossil Energy
Flaring in UK North Sea falls to lowest level on OGA records
UK’s Oil and Gas Authority (OGA) has reported that flaring in the North Sea has been reduced to the lowest level on the UK Continental Shelf on OGA records.
Shell CEO takes large pay cut after difficult 2020
The pay package of Shell CEO, Ben van Beurden, dropped by 42 per cent to $7 million in 2020, a year marked by low oil prices and the coronavirus pandemic.
Two oilfield services providers set to create full-cycle player
Expro Group and Frank’s International have entered into a definitive agreement to combine in an all-stock transaction.
Equinor gets go-ahead to drill North Sea well duo
Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using the West Hercules rig. The wells named 30/11-U-1 and 30/11-U-2 are located in Production licence 035 and 272 in the North Sea. The licences a
Bilfinger Salamis names new general manager for Southern North Sea
Oilfield services provider Bilfinger Salamis UK has appointed Adam Mason as General Manager for its Southern North Sea business.
BW Ideol entering Oslo stock exchange, sets 10 GW target for 2030
BW Ideol, a company established after oil & gas services provider BW Offshore bought into the floating wind technology developer Ideol, has applied for admission to the Oslo Stock Exchange and is expected to start trading there around 18 March. Through a private placement of shares, for which a day-
OMV Petrom signs contract for block offshore Georgia
Romanian oil and gas company OMV Petrom has signed the production sharing contract (PSC) for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.
CHC to take over Babcock’s oil and gas business
CHC Group has entered into a conditional agreement for the acquisition of the Oil and Gas aviation business of Babcock International Group.
Total and Microsoft team up for net-zero emissions goals
French energy major Total will collaborate with Microsoft as strategic partners to further digital transformation and support progress toward net-zero emissions.
Greenpeace activists land on bank HQ in fossil fuels protest
Greenpeace activists have staged a protest at the headquarters of the European Central Bank (ECB) in Frankfurt due to its support of fossil fuels companies.
NERA launches decom centre to assist $40.5 billion market
National Energy Resources Australia (NERA) has launched the Centre of Decommissioning Australia (CODA) to address the challenges and maximise opportunities of decommissioning Australia’s ageing oil and gas infrastructure.
Former BHP CEO named new chair at Shell
Shell is making several board changes with the appointment of a former BHP CEO as its new chair as well as the addition of a new non-executive director.
Xodus adds to Asia-Pacific team as decommissioning activity increases
Engineering consultancy Xodus has appointed a new late-life and decommissioning lead in Asia-Pacific following a significant increase in activity in the region.
Petrodec reactivates decades-old jack-up rig for decommissioning jobs
Petrodec has reactivated Haeva jack-up rig to DNV standards and the unit is now reporting for duty as the company’s second decommissioning vessel.