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Oil & Gas

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Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Oil & Gas

Equinor all set for North Sea oil & gas exploration ops with Odfjell Drilling rig

Equinor has received the go-ahead from the country’s authorities to use one of Odfjell Drilling’s semi-submersible rigs for drilling operations at a block in the North Sea off the coast of Norway.

about 1 year ago
Safe Caledonia; Credit: Prosafe
Oil & Gas

Busy times ahead for Prosafe with one vessel ongoing reactivation as another preps for relocation

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Prosafe has shed more light on the recent activities of its fleet, confirming the sale of one vessel, the start of reactivation operations for another, and preparations for the move to Australia for the third while the rest of its ships keep working on their current assignments and one continues to

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Oil & Gas

BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan

BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s subsidiary that holds its 12% interest in owner and operator of the pipeline that carries natural gas from a giant offshore field in Azerbaijan across Türkiye.

about 1 year ago
Odfjell Technology to help grow digital pipe tech through investment in Norwegian company
Oil & Gas

Digital pipe technology in spotlight of Odfjell Technology’s investment in Norwegian firm

The UK’s Odfjell Technology, a spin-off of Odfjell Drilling, has purchased a 10% stake in a Norwegian well construction and well intervention solutions provider, supporting the firm’s digital pipe technology. Odfjell Technology made a strategic equity investment in Reelwell, purchasing a 10% stake i

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Oil & Gas

Sale of oil & gas assets with $945 million price tag falls through

Energean has severed the divestment cord for its asset portfolio in Egypt, Italy, and Croatia, worth $945 million, as key regulatory pieces have not been put in place within the agreed timeline.

about 1 year ago
Noble Resolute; Source: Petrogas
Oil & Gas

Noble rig instrumental to Petrogas’ gas extraction ‘milestone’ in Dutch waters

Petrogas has tucked a new natural gas extraction achievement under its belt off the coast of the Netherlands, thanks to drilling operations undertaken with one of Noble Corporation’s harsh environment jack-up rigs.

about 1 year ago
FPSO Petrojarl I; Courtesy of Amplus Energy
Oil & Gas

UK contractor chosen to oversee 1986-built FPSO’s transition as new owner takes over

Amplus Energy has picked V.Ships Offshore to handle the change in ownership for a 39-year-old FPSO.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Oil & Gas

‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put

With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty surrounding

about 1 year ago
Saipem's Scarabeo 8 semi-submersible rig; Source: Var Energi
Oil & Gas

Saipem rig cleared to spin the drill bit in Norwegian waters

Aker BP has secured a drilling permit for an exploration well in the Norwegian Sea off the coast of Norway, which is slated to be drilled this month using a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago
A floating production storage and offloading (FPSO) unit
Oil & Gas

Eni looking to rebalance portfolio by divesting stakes in West African assets to Vitol for $1.65B

Italy’s energy giant Eni has reached an agreement with energy and commodities company Vitol to sell a portion of interests in certain assets it owns in Cote d’Ivoire and the Republic of Congo.

about 1 year ago
FPSO Triton; Source: Dana Petroleum
Oil & Gas

Restart hold-up ratchets up UK oil & gas firm’s ‘frustrations’ with North Sea FPSO’s performance

Serica Energy has disclosed a delay in resuming production from its assets in the North Sea, as more time is needed to fix the issue hampering a floating production, storage, and offloading (FPSO) vessel’s performance on the UK Continental Shelf (UKCS).

about 1 year ago
Akçakoca platform; Source: Trillion Energy
Oil & Gas

Wheels up to up hydrocarbon production ante at giant gas field offshore Türkiye

Trillion Energy is working on implementing solutions to bolster and maintain natural gas production in the long run at its giant field offshore Türkiye, with a gas lift compressor system.

about 1 year ago
Offshore platform and vessel
Oil & Gas

Ukraine stocking up on US LNG thanks to deal with Orlen

Poland’s Orlen Group has signed a liquefied natural gas (LNG) supply contract with Ukraine’s state-owned energy company Naftogaz.

about 1 year ago
A floating storage regasification unit
Oil & Gas

Italian FSRU gets new 20-year lease on life

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has secured a 20-year extension for its floating storage and regasification unit (FSRU) moored off the coast of Livorno.

about 1 year ago