Europe
News
March 28, 2023
Operations have now been completed on the plugging and abandonment of a well in the Bentheim gas field, located in western Lower-Saxony, with a second well on the field due to be decommissioned later in 2023.
News
March 28, 2023
The bloc’s energy ministers are poised to endorse a proposal that would give member governments the ability to temporarily prevent Russian exporters from up-front booking of infrastructure capacity needed for the shipments.
News
March 28, 2023
Transocean Encourage and Transocean Enabler are 6th generation fully winterized, harsh environment semisubmersible rigs with automated drilling control specially designed for operations on the Norwegian continental shelf.
News
March 27, 2023
With increased demand from existing clients to support Engineering projects across the North Sea and UKCS, the new premises allows for increased headcount whilst the firm continues to add experienced staff to the business.
News
March 27, 2023
‘‘Offshore Energies UK congratulates Humza Yousaf as he becomes the new leader of the SNP and First Minister of Scotland. We wish him every success at this critical time for businesses and people looking for energy security and stability in their everyday lives,” said David Whitehouse, CEO of Offshore Energies UK.
News
March 28, 2023
Offshore Energies UK’s Business Outlook report describes how nine out of 10 of North Sea operators are cutting back investment. The companies cite a mix of high taxes, political uncertainty and inflation as key factors in their decisions.
News
March 27, 2023
A major incident was declared after oil leaked into the water at Poole harbor in southern England.
News
March 27, 2023
ABL’s operation in Norway, based in Stavanger, has been appointed to provide marine warranty services for the transportation and installation operations relating to both fields.
News
March 26, 2023
OEUK’s Business Outlook Report, being published on 28 March, shows the North Sea could power the UK for decades, but a mix of windfall taxes and political uncertainty is driving away the billions of pounds of investments needed to maintain oil and gas production now and create low carbon energy in the future.
News
March 25, 2023
The Innovation and Targeted Oil and Gas (INTOG) initiative is a seabed leasing round, which is designed to enable offshore wind energy to directly supply offshore oil and gas platforms with renewable-generated electricity.
News
March 24, 2023
By 2030, the UK will be reliant on other countries for at least 80% of its gas and 70% of its oil if there is no investment in new infrastructure – offshoring the associated jobs and benefits to the economy. OEUK has urged the UK Government to nurture UK oil and gas production and avoid an even more rapid decline than that which is currently forecast.
News
March 24, 2023
Upon the rig’s arrival in Aberdeen for a special periodical survey, Semco Maritime has been contracted to provide a range of support services, including project management, hull rebranding, quayside support, scaffolding and supply of blue-collar personnel.
News
March 21, 2023
The total recoverable resources from these development projects were estimated to 730 MMboe net for Aker BP, with net investments of approximately $19 billion in nominal terms and an average break-even price of $35-40 per bbl.
News
March 21, 2023
The NSTA expects companies with valuable licenses to progress exploration and production as quickly as possible, in line with their license commitments and the NSTA’s strategy.
News
March 20, 2023
The Golar Tundra floating storage regasification unit docked Sunday night in Piombino, on the coast of Tuscany. The LNG terminal is one of two that will allow Italy to replace gas flows via pipeline from Russia, which are already near historic lows.
News
March 20, 2023
The walkouts will affect dozens of platforms operated by companies including BP Plc, Shell Plc and TotalEnergies SE, the union said in a statement. No date has been set yet for the start of the labor action that was approved by 1,400 workers.
News
March 20, 2023
The total consideration is $220 million plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Øst Unit and 15.4% in Sygna Unit.
News
March 16, 2023
The vow comes as competition in the race for clean technology heats up after President Joe Biden’s $370 billion climate bill, which raised tax credits for capturing carbon dioxide.
News
March 14, 2023
Under the proposals being considered by the Treasury, the additional 35% levy would cease to apply if energy prices fall below a given level, according to a person familiar with the matter.
News
March 14, 2023
Economic impact analysis by Oxford Economics, published in Neptune’s Annual Report and Accounts, revealed the company’s overall European economic impact increased significantly in 2022, up from $3.3 billion in 2021, primarily due to higher earnings and taxes paid.
News
March 14, 2023
Named Heisenberg, the oil and gas discovery well was drilled by the Deepsea Stavanger drilling rig. Equinor is the operator, and DNO is a partner.
