Following the extensions of licences for two of the largest undeveloped discoveries off the UK, operators of these two projects are laying the groundwork for their final investment decisions.
Norwegian state-controlled oil and gas giant Equinor is now facing more challenges related to the development of its controversial Bay du Nord offshore oil project located in Canada despite recent approval by the government.
Kongsberg Maritime has inked a deal with Yinson to deliver electrical and control technologies for an FPSO, which will operate off Brazil.
Dutch shipowner Kotug has entered into an agreement to acquire Seaways, an operator of offshore support vessels.
A proposed development concept for a new North Sea project has received approval from the UK’s offshore regulator.
Last Friday, the hull for the Johan Castberg FPSO vessel arrived in Norway following a journey from a shipyard in Singapore.
The Canadian government has found itself between a rock and a hard place when it comes to new oil and gas projects with pressures of climate change and the urgent need to transition to clean energy sources on one side and growing concerns over energy security on the other.
Non-essential workers on an FPSO vessel located on BP’s Foinaven field off the UK have been evacuated following a fire incident.
Partners in the Cambo project, Shell and Siccar Point Energy, have received a licence extension for the controversial field development.
Aker BP has secured approval from the Norwegian government to increase gas production from a field located in the Norwegian Sea off Norway.
Hurricane Energy has signed a contract with Bluewater, the owner of the Aoka Mizu FPSO, for an extension to the bareboat charter.
Waldorf is buying the entire UK business of Hungary’s MOL, which will see it double its staek in the North Sea’s Greater Catcher Area.
SBM Offshore has divested a minority interest in the FPSO Alexandre de Gusmão project to two Japanese partners.
Shell is preparing for the removal of an FPSO from the Knarr field, which is located in the North Sea offshore Norway.
