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Oil & Gas

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Fossil EnergyFPSO & VesselsBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionLiquefied Natural GasLow-Carbon TransitionProject & TendersRigsAuthorities & GovernmentRegulation & PolicyTechnologyEnvironmentOutlook & StrategyTransitionSubsea
FPSO Western Isles; Source: Sevan SSP
Oil & Gas

Proposed North Sea oil project makes progress but UK urged to mend its fiscal ways

Given the need to secure future investments in domestic energy, the UK is being asked to change its current fiscal and regulatory regime related to its oil and gas policy, as NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), take steps to move forward with a proposed oil re

about 1 year ago
Adriatic LNG; Source: VTTI
Oil & Gas

Italy’s largest LNG regasification terminal to be back at full throttle by mid-month

Italy’s Terminale GNL Adriatico, controlled by VTTI (70%) and Snam (30%), as the operator of a liquefied natural gas (LNG) regasification terminal in the Northern Adriatic Sea, said to be the largest such asset in the Southern European country, has disclosed the timeline for the LNG terminal’s retur

about 1 year ago
Mukran port
Oil & Gas

Regasification capacity at German LNG terminal booked by Equinor

Germany’s private operator of liquefied natural gas (LNG) terminals, Deutsche ReGas, has signed long-term agreements with chemical company BASF and Norway’s oil and gas giant Equinor for liquefied natural gas (LNG) regasification at its terminal in Mukran.

about 1 year ago
COSL Innovator; Source: Serica Energy via LinkedIn
Oil & Gas

Green light for Equinor’s North Sea drilling gig with COSL rig

Norway’s state-owned energy giant Equinor has secured the Norwegian authorities’ blessing for drilling activities in the Norwegian sector of the North Sea, which will be conducted with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 1 year ago
Deepsea Bollsta rig at night
Oil & Gas

Sixth-gen rig kicks off multi-year gig with Equinor

Norwegian state-owned energy giant Equinor has started a drilling campaign offshore Norway using a semi-submersible rig managed by Odfjell Drilling.

about 1 year ago
Borgland Dolphin rig; Source: Dolphin Drilling
Oil & Gas

Fresh potential rig assignment coming up on Dolphin Drilling’s horizon

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has secured a letter of intent (LoA) with an undisclosed company for one of its rigs.

about 1 year ago
COSL Prospector rig; Credit: COSL Drilling Europe
Oil & Gas

Go-ahead for Vår Energi’s drilling ops in Barents Sea

Vår Energi, Norway’s oil and gas player, has obtained the green light for drilling activities in the Barents Sea, which will be carried out with COSL Drilling Europe’s semi-submersible rig.

about 1 year ago
Ceremony celebrating first factory acceptance test of 5X72DF-2.2 engine with VCR technology
Oil & Gas

‘World’s first’ lower-emission engine for LNG carriers unveiled by Hanwha and WinGD

Marine engine manufacturer Hanwha Engine, part of South Korea’s Hanwha Group, and Swiss marine power company WinGD have marked the production of what is claimed to be the world’s first engine of its kind for installation on liquefied natural gas (LNG) carriers.

about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Oil & Gas

North Sea oil & gas emissions cut by a third but further efforts required for UK’s net zero goals

As the UK’s offshore oil and gas industry faces a critical juncture in its emissions reduction pursuit, Great Britain’s regulator, the North Sea Transition Authority (NSTA), has pushed for a boost in investment to meet net zero aspirations, as current efforts fall short of long-term decarbonization

about 1 year ago
Mariner platform; Credit: Jamie Baikie/Equinor
Oil & Gas

Equinor renews Wood’s contract for UK oilfield support services

UK engineering and consulting company Wood has secured a contract extension to provide operations, maintenance, modifications, and support services (OMMS) on the assets located on the UK Continental Shelf (UKCS) operated by the Norwegian state-owned energy giant Equinor.

about 1 year ago
Illustration; Source: United Oil & Gas
Oil & Gas

License award paving the way for work to unlock Jamaican asset’s hydrocarbon potential

Ireland-headquartered and AIM-listed United Oil & Gas has secured a license off the coast of Jamaica, which is set to lend a helping hand in unleashing the hydrocarbon potential of the firm’s offshore asset.

about 1 year ago
FSO Yamoussoukro
Oil & Gas

Carlyle buying Altera’s FPSO business

UK-based Altera Infrastructure (Altera) intends to sell its entire floating production storage and offloading (FPSO) business to global investment firm Carlyle.

about 1 year ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Oil & Gas

Transocean eyes divestment of five stacked rigs

Transocean has unveiled plans to optimize its fleet by bidding goodbye to four drillships and one semi-submersible rig that are currently stacked, which will reduce the size of its rig fleet.

about 1 year ago
Johan Sverdrup field in the North Sea; Source: Arne Reidar Mortensen/Equinor
Oil & Gas

Orlen tapping into lower-carbon oil from major Norwegian field

Poland’s Orlen has signed a contract with Norwegian state-owned energy giant Equinor for the supply of crude oil from a field on the Norwegian Continental Shelf.

about 1 year ago
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