The outlook for offshore service providers has brightened, as contract backlogs reported in the first half of 2019 grew for the third consecutive quarter for the first time in five years. [Read more…] about Fabricators are building backlog
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Fabricators are building backlog
New light oil discovery in the Barents Sea
Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 million barrels of oil. [Read more…] about New light oil discovery in the Barents Sea
Time now running out for a large share of Europe’s installed wind capacity
There is a major challenge confronting European wind energy – and it is a challenge the industry and policy-makers must face before it is too late. [Read more…] about Time now running out for a large share of Europe’s installed wind capacity
COSL grabs two well campaign with Coro Energy
Coro Energy, the Southeast Asian focused upstream oil and gas company, is pleased to provide an operational update in relation to the upcoming drilling campaign in the Duyung Production Sharing Contract (‘PSC’) in the West Natuna basin, offshore Indonesia. [Read more…] about COSL grabs two well campaign with Coro Energy
Small oil discovery at Goddo prospect
Lundin Norway has made a small oil discovery at exploration well 16/5-8s, at Goddo prospect in PL815 approximately 14 km South of the Edvard Grieg field in the Norwegian North Sea [Read more…] about Small oil discovery at Goddo prospect
Equinor completes acquisition with Shell in the US Gulf of Mexico
The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore for a total consideration of USD 965 million in cash. [Read more…] about Equinor completes acquisition with Shell in the US Gulf of Mexico
New contracts for Fugro
Fugro has secured two new contracts. [Read more…] about New contracts for Fugro
Heerema picked Balltec to provide LiftOK connectors for North Sea decommissioning platform
UK based subsea connectors and engineering solutions company ‘Balltec’ secures a contract from Heerema Marine Contractors (HMC) for decommissioning and removal of a large platform with conductors in the North Sea. [Read more…] about Heerema picked Balltec to provide LiftOK connectors for North Sea decommissioning platform
Stork gets contract extension for Centrica Storage’s oil and gas assets
Stork has signed an extension deal with Centrica Storage for its Southern North Sea assets. [Read more…] about Stork gets contract extension for Centrica Storage’s oil and gas assets
Lightning strike and wind farm fault triggered blackout chaos
A technical fault at the world’s largest offshore wind farm on August 9 was among a series of failures that resulted in Britain’s worst blackouts in a decade, according to initial analysis by National Grid. [Read more…] about Lightning strike and wind farm fault triggered blackout chaos
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