Oil and gas company OMV Petrom is making an investment of approximately EUR 32 million ($38.6 million) in a new drilling campaign in the Black Sea.
French energy giant Total has decided to withdraw from the American Petroleum Institute (API) following a detailed analysis of API’s climate positions.
A former executive at Petrofac has pleaded guilty to bribery offences related to contract awards to Petrofac in UAE worth about $3.3 billion.
Floating Power Plant (FPP) and partners Lundin Energy Norway, NOV-APL, Semco Maritime, Cefront Technologies and Aalborg University have completed a project aimed at using floating wind and wave power to support an offshore oil and gas facility. According to FPP, the project shows that using renewabl
Norway’s offshore safety regulator has given Lundin consent for exploration drilling of an offshore well using the West Bollsta rig.
Offshore drilling contractor Maersk Drilling has received notice of early termination for convenience of a one-well contract with Dana Petroleum in Denmark.
Despite the ongoing coronavirus pandemic, activity on the Norwegian continental shelf last year remained at a high level with high production and significant investments in developments and projects on the fields.
New research has shown that aggregate fossil fuel demand would peak in 2027 with oil peaking in 2029 and gas in 2037, partially due to the impacts of COVID-19.
As Gazprom prepares to continue Nord Stream 2 pipelaying work in Danish waters, the U.S. State Department has again warned European companies of sanctions if they are suspected of helping to build Russia’s new gas pipeline.
The UK Oil and Gas Authority (OGA) has decided to take “a blended approach” to licence management which should dampen the effects of the global Covid-19 pandemic.
According to a worldwide survey, almost one-third of workers in the oil and gas industry faced pay cuts in 2020 due to the coronavirus crisis and drop in fuel demand and prices.
Norway, one of the wealthiest countries in the world due to its oil and gas reserves, is looking to transition to deep-sea mining for copper, zinc, and other metals in high demand in green technologies.
Wintershall Noordzee has started up the production of the D12-B3 well, the Sillimanite South field discovery well located in the Southern North Sea.
Maersk Drilling has been awarded a contract from Spirit Energy for the jack-up rig Maersk Resolve to drill one development well in the UK North Sea.
