North Star has inked contracts totalling over $133 million, marking its most sizeable ERRV order book in recent years.
German oil and gas company Wintershall Dea has decided not to advance or implement any additional oil and gas production projects in Russia and to write off its financing of the Nord Stream 2 project totaling around €1 billion. In a recent personal statement, Wintershall Dea’s chief executive Mario
OneSubsea, the subsea technologies division of Schlumberger, has contracted Vallourec to supply upset riser joints for the Bacalhau project offshore Brazil.
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia a drilling permit for a wildcat well located offshore Norway.
Norwegian subsea contractor Havfram has revealed its goal to become one of the future leaders in the electrification market for oil and gas production assets through offshore wind developments. The move comes after Havfram changed its name from Ocean Installer back in December 2020 to reflect its in
ConocoPhillips has sold its oil and gas assets in Indonesia for $1.35 bln to Medco Energi in a bid to amass more clean energy sources.
Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.
Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid fears about the impact of Russia’s attack on Ukraine and the resulting sanctions.
Aibel has completed the construction of the second P2 processing platform for the Equinor-operated Johan Sverdrup project located off Norway.
Following the footsteps of the European giants, U.S. major ExxonMobil is also looking to exit its position from a project in Russia.
Nord Stream 2 AG, the Switzerland-based company that built the namesake Germany-Russia gas pipeline, is considering filing for insolvency following U.S. sanctions, according to Reuters. Nord Stream 2 AG is working with a financial advisor to clear some of its liabilities and could formally start ins
Following repairs, Jadestone Energy has restored full production at the Montara field, located in the Timor Sea off Australia.
In response to Russia’s attack on Ukraine, the U.S. and 30 countries have committed to releasing 60 million barrels of oil from strategic reserves.
The Danish Environmental Protection Agency (DEPA) has issued a new environmental permit for the Baltic Pipe project, allowing Energinet to restart construction on parts that have been on pause since spring last year. Construction on parts of the project in the eastern part of the Jutland peninsula a
