CHC Group has been awarded a contract extension by Equinor for both the Tampen/Oseberg and Heidrun contract in Norway by one year.
OPEC, Russia, and other oil producers agreed to extend their record oil production cuts of 9.7 million barrels per day by another month.
Equinor and its partners have made an investment decision to partly electrify the Sleipner field located offshore Norway.
North Sea oil and gas operator Chrysaor has contracted Applied Petroleum Technology (APT) to deliver geochemical and petroleum systems analyses on the Armada hub facility and around the Greater Lomond area on the UKCS.
Norwegian oil and gas company Aker BP has awarded Kvaerner the contract for delivering the topside and steel substructure for the unmanned wellhead platform at the Hod field.
The Finnish company AW-Energy Oy (AWE) is raising funds to support its first commercial installations of WaveRoller technology in 2021. To that end, AWE has hired Fredericks Michael & Co. to help identify and approach strategic partners, and financial investors. With projects in US, Europe and Asia,
The UK entity of oil major Shell has returned a platform supply vessel to Norwegian shipping company Havila Shipping ahead of time.
Keppel has denied and rejected the termination of a rig construction contract by Awilco.
The European Investment Bank (EIB) has granted a €450 million credit line for co-financing the construction of the Fécamp offshore wind project in France. According to EIB, this is the first such operation it is financing in France, reinforcing the objectives set by its shareholders to make it the E
French company Naval Energies has joined the Offshore Wind California coalition, which gathers offshore wind developers and technology companies supporting a goal of 10 GW of installed offshore wind capacity in California by 2040. “We look forward to working with the Naval Energies team as we advanc
Poland’s dominant gas firm and LNG importer PGNiG has signed a deal with South Korean company LG Chem to deliver chilled fuel and build a small regasification station. The fuel will supply LG Electronics production plant making electric car batteries near Wroclaw, Poland. LG Chem Wrocław Energy, a P
Awilco Drilling has decided to cancel a semi-submersible rig order with rig builder Keppel due to breaches under the construction contract.
BP will be reducing its global workforce by 10,000 this year as part of its plans to make the organization smaller and fit for the energy transition.
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in th
