Based on today’s policy settings, global oil demand is set to rise every year through 2026 but stronger policies and behaviour changes could bring a peak in demand soon, an IEA report says.
Hess Corporation has entered into an agreement to sell its subsidiary Hess Denmark to Ineos E&P for a total consideration of $150 million.
A Milan court has acquitted Shell and Eni in a corruption case related to a $1.3 billion worth acquisition of an oilfield off Nigeria about a decade ago.
Norwegian offshore vessel owner DOF Group has been awarded new contracts for three of its vessels in support of operations in the UK and Guyana.
Norwegian oilfield services company Aker Solutions has signed a ‘sizeable’ letter of intent with Heerema Marine Contractors (HMC) for decommissioning work on Equinor’s Heimdal and Veslefrikk fields off Norway.
Training firm 3t Energy Group has appointed a new finance director for its training division to drive global growth plans.
Norway-based compressor supplier TMC Compressors has been contracted to supply a marine compressed air system for the Brazil-bound floating, production, storage, and offloading vessel (FPSO) Anita Garibaldi.
Fluid temperature control and separation solutions provider OSSO has been awarded a contract by Neptune Energy to deploy its high-volume mud cooler technology for the Seagull campaign in the UK Central North Sea.
Oil and gas company Serica Energy has started drilling the Columbus well located in the North Sea using a Maersk Drilling-owned jack-up rig.
Offshore rig owner Odfjell Drilling has been awarded more work for one of its semi-sibmersible rigs from Equinor in Norway.
Norwegian vessel owner Solstad Offshore has sold and delivered to a new owner two of its anchor handling tug and supply vessels.
Scotland took a step closer to its net-zero carbon goals with the announcement of over £30 million ($41.7 million) of UK Government funding for initiatives linked to the Acorn carbon capture and storage (CCS) project.
The Norwegian Petroleum Directorate (NPD) has granted Wintershall Dea Norge a drilling permit for an appraisal well located in the Norwegian Sea.
Swift Drilling has been awarded a long-term contract by Wintershall Noordzee to perform a plug and abandonment campaign in the Dutch and German North Sea.
