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Oil & Gas

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NSTA awards carbon storage license encompassing 'UK's largest depleted gas field'
Oil & Gas

NSTA awards carbon storage license encompassing ‘UK’s largest depleted gas field’

The North Sea Transition Authority (NSTA) has awarded a license for a carbon capture and storage (CCS) project encompassing the “UK’s largest depleted gas field” in its first competitive carbon storage license round. The NSTA has awarded Perenco UK and Carbon Catalyst with a license to progress thei

about 3 years ago
ACE topsides installation; Source: BP
Oil & Gas

WATCH: BP’s $6 billion project closer to first oil as topsides sail away and installation works wrap up

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BP is closing in on first oil from its Azeri Central East (ACE) project in Azerbaijan by completing the topsides sailaway and installation.

about 3 years ago
Fugro delivers milestone subsea inspection in the Middle East
Oil & Gas

Fugro delivers first-ever remotely operated subsea inspection in the Middle East

Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in

about 3 years ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Oil & Gas

Equinor gearing up to drill North Sea prospect with Transocean rig

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
Illustration; Source: Transocean
Oil & Gas

Transocean tasked with tackling nonconformities regarding blowout preventers

Norwegian offshore safety regulator has carried out an audit of Transocean Services and its processes for following up certification and recertification of drilling blowout preventers (BOPs) with control functions.

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Oil & Gas

Equinor getting ready for drilling ops with Odfjell rig

Equinor has secured a drilling permit from the country’s authorities for two wells in the Norwegian Sea.

about 3 years ago
Subsea upgrade on the agenda for Equinor's Norwegian Sea duo
Oil & Gas

Subsea upgrade on the agenda for Equinor’s Norwegian Sea duo

Norway’s state-owned energy giant Equinor has received consent from the Petroleum Safety Authority (PSA) to use upgraded subsea compression facilities on two fields located in the Norwegian Sea. PSA reported on 9 August that it had given its approval to Equinor to use upgraded subsea compression fac

about 3 years ago
FPSO Sepetiba; Source: SBM Offshore
Oil & Gas

Two FPSOs still on track for first oil by year-end

SBM Offshore has put its back into several FPSO projects while two of these are still scheduled to achieve the first oil by the end of 2023.

about 3 years ago
British National Gas picks Wood to design future grid
Oil & Gas

British National Gas picks Wood to design future grid

Britain’s National Gas has appointed Wood to digitally upgrade 7,600 kilometers of essential pipelines, compressor stations and terminal infrastructure as part of its commitment to the energy transition. Through a five-year framework agreement, Wood said it will apply digital solutions to transform

about 3 years ago
£1.6 billion spent on North Sea decommissioning in 2022, activity expected to remain high
Oil & Gas

£1.6 billion spent on North Sea decommissioning in 2022, activity expected to remain high

The North Sea oil & gas industry spent £1.6 billion on decommissioning redundant wells and infrastructure last year, more than in any of the previous five years, the latest report by the North Sea Transition Authority (NSTA) states. The industry spent a total of around £8 billion from 2017-2022 and

about 3 years ago
Snøhvit Future (illustration); Source: Equinor
Oil & Gas

Snøhvit Future is a go, underpinning Norway’s role as low-emission gas supplier

The Norwegian government has given its stamp of approval for the Equinor-operated Snøhvit Future project, which comes with plans for the future operation of Snøhvit and Hammerfest LNG, subject to certain conditions.

about 3 years ago
Brage platform; Source: OKEA
Oil & Gas

New operator taking the helm at North Sea oil & gas discovery

OKEA will be taking over the operatorship next month from the compatriot player, DNO Norge, at the Brasse license in the North Sea.

about 3 years ago
Ocean Endeavor rig; Source: Diamond Offshore
Oil & Gas

New rig deals bolster day rates and lift Diamond Offshore’s backlog to $1.6 billion

Diamond Offshore has tucked under its belt new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico, the UK, and Senegal.

about 3 years ago
Valaris DS-14 drillship; Source: Valaris
Oil & Gas

Valaris undertakes $400 million private placement to fund acquisition of two drillships

Valaris revealed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030.

about 3 years ago