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Oil & Gas

IEA: Natural gas markets to remain tight into 2023 as Russia’s reductions bring tensions and uncertainty

Natural gas markets are expected to remain tight well into next year as Russia keeps curtailing natural gas flows to Europe which has pushed international prices to new highs, disrupted trade flows and led to fuel shortages, International Energy Agency (IEA) finds in its latest report. According to

about 4 years ago

Oil & Gas

Sval Energi closes Equinor and Suncor deals worth $1.3 bln

Sval Energi has expanded its portfolio by completing the previously announced acquisition deals with Equinor and Suncor Energy.

about 4 years ago

Expro wraps up P&A campaign at first Irish indigenous gas wells

Oil & Gas

Expro wraps up P&A of first Irish indigenous gas wells

UK-headquartered energy services provider Expro has completed the plug and abandonment (P&A) of Ireland’s first indigenous gas wells. Expro provided integrated subsea and well test services over a period of eight months to intervene, plug and abandon subsea wells from a mobile offshore drilling unit

about 4 years ago

Oil & Gas

Equinor getting ready to spud North Sea well in December

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

about 4 years ago

Oil & Gas

Gas transmission starts through Baltic Pipe

Gas transmission from Norway to Poland via Denmark has started through the new Baltic Pipe pipeline, Polish gas transmission system operator GAZ-SYSTEM announced on Saturday, 1 October. The flow started at 6:10 a.m. and nominations as of 1 October totaled 62.4 million kilowatt-hours/day. Baltic Pipe

about 4 years ago

Oil & Gas

‘A defining moment in the history of offshore drilling’ as Noble-Maersk merger closes

The business combination between Noble Corporation and Maersk Drilling has been completed, creating “a new and dynamic leader in offshore drilling.”

about 4 years ago

Oil & Gas

Nord Stream leaks stopped, damage assessment next on schedule

Gas leaks from the Nord Stream 1 and 2 pipelines in the Baltic Sea have stopped after stable pressure was achieved over the weekend, the Danish Energy Agency announced. A stable pressure was achieved on the Nord Stream 2 pipeline on Saturday, 1 October, indicating that the blowout of gas had been co

about 4 years ago

In focus: Are countries caught between energy security and net-zero pledges?

Oil & Gas

In focus: Balancing act between energy security and net-zero goals

The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.

about 4 years ago

Oil & Gas

Prosafe unit staying longer in UK North Sea

Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units in the UK North Sea.

about 4 years ago

Heather platform in the UK North Sea - EnQuest

Oil & Gas

EnQuest taps Allseas for North Sea platform topsides removal

EnQuest has achieved a milestone in the decommissioning of the Heather asset in the UK North Sea following the award of a topside removal contract.

about 4 years ago

Equinor adds more work to Odfjell rig’s backlog

Oil & Gas

More work with Equinor added to Odfjell rig’s backlog

Equinor has decided to exercise its option to add another well to the backlog of an Odfjell Drilling-owned rig.

about 4 years ago

Oil & Gas

As current CFO heads for the exit, Equinor picks out new one

Equinor has appointed a new CFO as its current one has decided to step down from the role to pursue a career outside the firm.

about 4 years ago

Oil & Gas

Norwegian contractor designs hull for Bay du Nord FPSO

Norway’s Salt Ship Design has designed a hull for a harsh environment FPSO, which will serve on Equinor’s Bay du Nord project in Canada.

about 4 years ago

Oil & Gas

UK’s Capricorn to merge with Israel’s NewMed instead of Tullow

NewMed Energy has entered into a merger agreement with Capricorn Energy, which will see Capricorn abandon its plans to combine with Tullow.

about 4 years ago