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Oil & Gas

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Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Oil & Gas

Equinor all set to kick off drilling ops with Transocean rig

Equinor has received consent to embark on offshore drilling activities with one of Transocean’s rigs in the Barents Sea.

about 2 years ago
Significant offshore wind growth brings Fugro strong start of the year
Oil & Gas

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

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about 2 years ago
Johan Sverdrup; Credit: Arne Reidar Mortensen/Equinor
Oil & Gas

Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

about 2 years ago
EU flag; Courtesy of the European Commission; Credit: Mauro Bottaro
Oil & Gas

EU takes another step toward the exit out of ‘fossil dinosaur treaty’ to safeguard green aspirations

The EU is one step closer to pulling out of the Energy Charter Treaty (ECT), as there is no end in sight for the stalemate over revamping its terms.

about 2 years ago
Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Oil & Gas

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago
Congo FLNG; Source: Eni
Oil & Gas

Sharp fall in gas prices brings Eni slump in profit

With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.

about 2 years ago
FPF-1 facility; Source: Ithaca Energy
Oil & Gas

Eni and Ithaca firm up business combination deal to establish top-tier oil & gas player in UK waters

Eni has ironed out an agreement on the combination of its upstream assets in the UK, excluding East Irish Sea ones and CCUS activities with Ithaca Energy.

about 2 years ago
Illustration; Source: Europa Oil & Gas
Oil & Gas

Gas discovery at Irish prospect could bring down emissions stemming from energy imports, report finds

Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.

about 2 years ago
Illustration; Source: Vår Energi
Oil & Gas

Vår Energi’s intra-group merger approaching the finish line

Vår Energi has approved the plan for the recently announced intra-group merger with its wholly-owned subsidiary Vår Energi Norge.

about 2 years ago
Balticconnector gas pipeline back in operation following six-month shut-down
Oil & Gas

Balticconnector gas pipeline back in operation following six-month shut-down

The Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, has commenced commercial operations following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnec

about 2 years ago
Equinor and Nexans extend long-term relationship with four-year agreement
Oil & Gas

Equinor and Nexans extend long-term relationship with four-year agreement

Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that

about 2 years ago
SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore
Oil & Gas

SBM Offshore gets its hands on $250 million FPSO construction loan

Dutch FPSO operator SBM Offshore has secured a term loan facility that will be used for building an FPSO vessel.

about 2 years ago
Ivar Aasen platform; Source: Aker BP
Oil & Gas

Aker BP’s North Sea field comes on stream

Aker BP has started production from a field in the North Sea, which has been tied back to an existing platform off the coast of Norway.

about 2 years ago
Illustration; Source: DNV
Oil & Gas

Interview: Shaping up UK’s gas infrastructure to get it ready for hydrogen bonanza

Can hydrogen overcome the obstacles in its path to show it is the real deal in the fight against climate change?

about 2 years ago