The Norwegian Ministry of Petroleum and Energy has approved the development plan for Northern Lights, the storage part of the Longship carbon capture and storage project.
Italian oil and gas company Eni is looking to spin off a new combined retail and renewable energy business next year and sell a minority stake to further fund its energy transition plans.
Cairn Energy has made two deals, one for the sale of its interests in two UK fields and the other for the purchase of Shell’s assets in Egypt.
Stork, a Fluor company, has been awarded a two-year contract extension by Chrysaor to deliver offshore integrated specialist asset integrity services in the UK. The company said on Monday it would continue to deliver an inclusive range of asset management solutions and capabilities to extend the off
NEO Energy has made a deal to acquire Zennor Petroleum for about $625 million, less than two weeks after announcing a deal with ExxonMobil.
The operator of midstream oil and gas infrastructure assets in the North Sea Ancala Midstream has secured a life-of-field contract to transport and process gas from Lundin Energy’s Solveig field.
A second Russian pipe-laying vessel is undergoing sea trials ahead of joining the Nord Stream 2 project, as construction continues despite growing political pressure.
Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands, which will employ the harsh-environment jack-up rig Maersk Resolute.
Neptune Energy and EDF will test an approach for measuring oil and gas methane emissions from offshore oil and gas facilities.
Saipem will have to pay compensation to two offshore workers in Norway due to the violation of working hours regulations.
Oil major Shell has made changes in its UK senior leadership as part of a global overhaul to cut costs and shift away from oil and gas to renewable power.
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.
Aker Solutions has won a substantial contract from Equinor for modifications on the Åsgard B gas and condensate platform to enable increased production.
Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.
