Europe
News
October 24, 2024
(WO) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total of $3.2 billion. The transaction brings together both companies' expertise to strengthen their energy businesses.
News
October 15, 2024
Elementz, a next-generation name in subsea asset integrity management software, has exceeded early expectations by securing work worth more than £500,000 in its first three months of operation.
News
October 10, 2024
Gulf Marine Services is pleased to announce the award of a new long-term contract in Europe and the extension of two existing contracts in the Middle East, bringing the backlog total to $505 million.
News
October 08, 2024
Equinor has acquired a 9.8% minority stake in Ørsted—a transaction which establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company.
News
October 04, 2024
Mermaid Subsea Services (UK) Ltd. has successfully completed the first stage of a major North Sea decommissioning contract for Shell U.K. Limited.
News
October 04, 2024
According to new analysis by Wood Mackenzie, the UK government must create a more predictable tax regime for the North Sea oil and gas sector to ensure long-term stability. After a history of ad hoc changes, the need for a clear tax framework has become urgent.
News
October 03, 2024
TÜV Rheinland has acquired Safetec Nordic AS, a leading Norwegian risk management consulting firm, to enhance its global risk, safety, and integrity management services.
News
October 02, 2024
Offshore Energies UK (OEUK) is set to launch a research tool which will provide governments, skills bodies, and the energy industry in the UK with the information needed to have the right people with the right skills in place at the times and locations where they are needed.
News
October 02, 2024
AGR has been awarded a long-term frame agreement by Equinor to provide subsurface and field development support related to project developments of Equinor’s facilities, offshore installations and onshore plants.
News
October 01, 2024
OLT Offshore LNG Toscana announced that the extraordinary maintenance activities of the FSRU Toscana terminal have been successfully completed.
News
September 30, 2024
The scope includes engineering, procurement, construction, installation and commissioning (EPCIC) for topside modification. The purpose is to prepare the Troll A platform for receiving and processing gas from eight new wells at Troll West.
News
September 25, 2024
A UK-based operator has awarded ocean services provider DeepOcean a long-term frame agreement for provision of diverless subsea inspection, maintenance and repair (IMR) services on the UK Continental Shelf (UKCS). Two call-offs have now been executed for offshore work in 2024.
News
September 24, 2024
The license partnership, which includes operator Equinor, is studying a tieback of Heisenberg to nearby offshore infrastructure, potentially jointly coordinated with the development of other recent discoveries in this highly prolific area surrounding the Troll and Gjøa production hubs. DNO has a strong area position.
News
September 23, 2024
A Norwegian Offshore Directorate analysis of exploration activity from 2004-2023 shows that the discoveries are valued at three times the costs expended. 50 of 190 offshore discoveries have been developed and are producing, leaving three-quarters still to be developed. These investments will remain profitable as more fields come on stream.
News
September 18, 2024
Johan Castberg is a large oil field with estimated recoverable volumes of between 450 and 650 MMbbl. The field will produce for 30 years, and at its peak, Johan Castberg may produce 220,000 bpd.
News
September 17, 2024
Preliminary estimates place the size of the Gundrun discovery between 0.1 and 1.2 MMcm of recoverable oil equivalent in the intra-Draupne Formation, and between 0.4 and 1.3 MMcm of recoverable oil equivalent in the Hugin Formation.
News
September 17, 2024
During the five years ending in 2023, companies reduced their pollution by more than 25%, a percentage they originally pledged to achieve by 2027 in the North Sea Transition Deal, according to Offshore Energies UK.
News
September 16, 2024
Earlier this month, Equinor’s Troll B and C fields offshore Norway became partly powered from shore. This reduces annual emissions from the Norwegian Continental Shelf (NCS) by 250,000 tonnes of CO2.
News
September 10, 2024
The latest Emissions Monitoring Report from the NSTA shows that progress has been made and the 2030 target is within reach, but more work is needed to ensure that industry meets and surpasses key emissions targets and gets on long-term reduction trajectories.
News
September 10, 2024
The Transocean Spitsbergen rig drilled the well in production license 199 in the Haltenbanken Vest Unit in the Norwegian Sea. Preliminary estimates place the size of the discovery in the range of 2-4 MMcm of recoverable oil equivalent.
News
September 08, 2024
The transaction adds more than 8 MMboe in reserves and resources net to DNO. In terms of production, the acquired assets delivered approximately 3,000 boed in the first half of 2024, expected to rise to above 5,000 boed in 2026 as the Verdande contribution kicks in.
