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Oil & Gas

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PSV Skandi Kvitsoy; Source: DOF Group
Oil & Gas

Two oil & gas firms book DOF vessels for long-term gigs in Norway and Australia

DOF Group has won two long-term assignments for an AHTS vessel and a platform supply vessel (PSV) in Norway and Australia, respectively.

about 2 years ago
Prelude FLNG; Source: Shell
Oil & Gas

With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

11 minutes read
Cygnus gas field in the southern North Sea; Source: Neptune Energy
Oil & Gas

Eni and Vår Energi enrich their portfolios by taking over Neptune’s oil & gas business

Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.

about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Oil & Gas

BP, Shell, TotalEnergies, and Equinor among recipients of second license batch in UK’s 33rd oil & gas round

The NSTA has offered 24 licenses across 74 blocks and part-blocks, which are situated in the Central North Sea, Northern North Sea, and West of Shetland areas.

about 2 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Oil & Gas

Norwegian player wraps up sale of partial stakes in North Sea pair

Longboat JAPEX Norge has completed the divestment of partial interests in a pair of exploration licenses on the NCS to Norway’s Concedo.

about 2 years ago
North Sea operator picks Scottish firm for P&A campaign
Oil & Gas

North Sea operator picks Scottish firm for P&A campaign

Scottish well intervention and plug and abandonment (P&A) solutions provider Oilenco has won a contract to deliver engineering and manufacturing services for what it says is a “major North Sea operator”. The contract will see Oilenco provide well intervention and downhole equipment throughout a 52-w

about 2 years ago
David Latin, Serica's incoming interim CEO; Source: Serica Energy
Oil & Gas

As its CEO heads for the exit, Serica hand-picks interim one to step in his shoes

Serica Energy has disclosed the appointment of an interim Chief Executive Officer (CEO), who will succeed its current CEO after he steps down from the role.

about 2 years ago
Statfjord C platform; Credit: Harald Pettersen/Equinor
Oil & Gas

With stakes in North Sea oil & gas fields, Longboat JAPEX adds first producing assets to its portfolio

Longboat JAPEX Norge has brought an acquisition to an end, enabling it to get its hands on its initial producing assets offshore Norway.

about 2 years ago
QatarEnergy
Oil & Gas

QatarEnergy dishes out $6 billion to boost production at Qatar’s largest oil field

QatarEnergy has handed out four multi-billion-dollar engineering, procurement, construction, and installation (EPCI) contract packages to multiple players in a bid to propel forward the next development phase of Qatar’s largest offshore oil field.

about 2 years ago
ADNOC's fleet richer for dive support vessel
Oil & Gas

ADNOC’s fleet richer for dive support vessel

UAE’s energy giant Abu Dhabi National Oil Company (ADNOC) has taken delivery of the first of two 24-meter catamaran dive support vessels (DSVs) from a shipyard in Dubai. ADNOC MD 01, the first of two sister vessels, was built by Dubai-based Grandweld Shipyards and designed by Robert Allan Ltd. to su

about 2 years ago
Illustration; Source: Transport & Environment
Oil & Gas

Seven NGOs urge Europe to set coal, oil, and gas phase-out dates

A coalition of seven NGOs has sent a letter, encouraging the European Commission to list fossil fuel phase-out dates within the roadmap for Europe’s 2040 target.

about 2 years ago
Illustration; Source: Archer
Oil & Gas

With safety and efficiency in mind, two players set up digital rig offering for operating procedure

Archer has joined forces with Horizon56 to launch a new solution, which will digitalize operating procedures to bolster rig safety and efficiency.

about 2 years ago
Peregrino C platfrom is part of Peregrino Phase 2 development; Credit: Ricardo Santos - Equinor
Oil & Gas

SLB and Equinor come closer to fully autonomous drilling with ‘exciting milestone’ off Brazil

SLB and Equinor have made inroads in bringing fully autonomous drilling operations to life while drilling a well section off Brazil.

about 2 years ago
Saipem reports pipelayer incident offshore Australia
Oil & Gas

Saipem reports pipelayer incident offshore Australia

Italian oilfield services provider Saipem has reported that an incident occurred on its pipelaying vessel during operations offshore Australia. Saipem announced that early this morning, January 30, an incident occurred on the Castorone pipelay vessel off the waters of Australia during normal pipelay

about 2 years ago
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