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Brage field in the North Sea - Wintershall Dea

Oil & Gas

North Sea well comes up dry for Wintershall Dea

Oil and gas company Wintershall Dea has found no hydrocarbons in the Brage South exploration well located in the North Sea off Norway.

about 4 years ago

Norway’s oil output remains on a downswing

Oil & Gas

Norway’s oil output continues to shrink

While Norway recorded a slight increase in gas production in June 2022, the oil output fell yet again behind the NPD’s predictions.

about 4 years ago

Oil & Gas

Westwood sees five-year offshore EPC spend reaching whopping $276 billion

The oil and gas sector’s offshore EPC spend is expected to total $276 billion, forecasts Westwood Global Energy.

about 4 years ago

Oil & Gas

Cerulean reveals 6 GW floating offshore wind bid under INTOG leasing round

Green energy infrastructure developer Cerulean Winds has revealed it will bid for four seabed lease sites with a combined capacity of 6 GW of floating wind to decarbonise the UK’s oil and gas sector under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. This scale w

about 4 years ago

Oil & Gas

Gasunie picks N-Sea for BBL pipeline survey

N-Sea Offshore has won a contract with Gasunie to deliver offshore acoustic survey services for the BBL subsea pipeline between the Netherlands and the UK. N-Sea will carry out an acoustic survey of approximately 230 kilometers of offshore pipeline in the Southern North Sea, between Balgzand in the

about 4 years ago

Oil & Gas

In focus: Are oil & gas plays truly becoming a thing of the past or are we not there yet?

Worldwide dependence on oil and gas has been in evidence ever since the Ukraine crisis started, casting doubt over the pace and the lengths the world is prepared to go to in order to embrace decarbonisation. While the shift to green energy investments is undoubtedly both necessary and inevitable, th

about 4 years ago

‘Disorderly’ energy transition looms with rising coal demand, high gas prices and stalled renewable plans, says WoodMac

Oil & Gas

‘Disorderly’ energy transition looms with rising coal demand and high gas prices, says WoodMac

WoodMac: As plans for renewables stall, Asia’s decarbonisation ambition does not match reality amid rising coal demand and high gas prices.

about 4 years ago

UK firm collects $128 million in new deals with further headcount increase on the horizon

Oil & Gas

UK firm collects $128 million in new deals with headcount increase on the horizon

EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.

about 4 years ago

Oil & Gas

Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac

Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.

about 4 years ago

Oil & Gas

TAQA keeping all assets in its oil & gas portfolio, bar Dutch ones

Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.

about 4 years ago

With TotalEnergies deal all done, firm enters UK Continental Shelf

Oil & Gas

With TotalEnergies deal all done, firm expands presence in ‘one of the largest gas hubs in the UK’

Kistos has entered the UKCS thanks to the acquisition of TotalEnergies’ stakes in several gas fields located West of Shetland.

about 4 years ago

Oil & Gas

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago

WoodMac: Seven giant national oil players have what it takes to keep up output for 40-60 years

Oil & Gas

WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years

With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.

about 4 years ago

Oil & Gas

UK regulator to ring in the new year with new boss after current one steps down

UK’s NSTA has appointed a new Chief Executive, which will replace its current one, who is due to leave at the end of the year.

about 4 years ago