Equinor selects new class of startups to shape the future of energy
Equinor has selected a new class of startups to work on unlocking opportunities within oil and gas, renewables, and low-carbon solutions. The post Equinor selects new class of startups to shape the...
View ArticleChrysaor sets the wheels in motion for North Sea well spud
Oil and gas company Chrysaor has started preparations to drill an exploration well in the North Sea, using the COSLInnovator rig. The post Chrysaor sets the wheels in motion for North Sea well spud...
View ArticleCroatian oil & gas company eyeing offshore wind in the Adriatic Sea
Croatian oil and gas company INA-INDUSTRIJA NAFTE, d.d. (INA) plans to diversify into renewable […] The post Croatian oil & gas company eyeing offshore wind in the Adriatic Sea appeared first on...
View ArticleEnauta forced to stop Atlanta output again only day after restart
Enauta, formerly known as QGEP, has once again been forced to stop production from the only producing well on the Atlanta offshore field. The post Enauta forced to stop Atlanta output again only day...
View ArticleInpex sets net-zero emission target for 2050
Japan's biggest oil and gas producer Inpex has revealed its strategy to become a net-zero company by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture...
View ArticleAker BP cleared to use Maersk rig on Tambar
Aker BP has received consent from the country's offshore safety regulator to use the Maersk Integrator rig for production drilling on the Tambar field. The post Aker BP cleared to use Maersk rig on...
View ArticleOdfjell to retrofit rigs with Siemens system in push to cut emissions
Odfjell Drilling will retrofit its newest drilling rigs with the Siemens Energy BlueDrive DC-Grid system in a push towards zero-emission drilling. The post Odfjell to retrofit rigs with Siemens system...
View ArticleHess shrinks loss despite lower output
U.S. oil and gas company Hess Corporation managed to reduce its loss in the last quarter of 2020 compared to the prior-year period despite lower production. The post Hess shrinks loss despite lower...
View ArticleMarathon Oil sets new greenhouse gas emissions target
Houston-based oil and gas company Marathon Oil has been able to reduce its greenhouse gas (GHG) emissions intensity in 2020 when compared to the previous year. The post Marathon Oil sets new greenhouse...
View ArticleNeptune kicks off North Sea drilling campaign
Oil and gas company Neptune Energy and its joint venture partners BP and JAPEX, have started drilling on the Seagull project in the UK Central North Sea. The post Neptune kicks off North Sea drilling...
View ArticleLenders take over Polarcus assets
Following loan default, Polarcus’ lenders have taken control of its vessels and shipholding unit. […] The post Lenders take over Polarcus assets appeared first on Offshore Energy.
View ArticlePetrofac wins five-year deal in North Sea with INEOS
Oilfield services provider Petrofac has secured an enhanced, five-year contract in the UK sector of the North Sea with INEOS FPS. The post Petrofac wins five-year deal in North Sea with INEOS appeared...
View ArticleBiden halts federal oil and gas leasing indefinitely. Focus to shift on...
U.S. President Joe Biden has signed an executive order to halt new oil and gas leasing but which the Department of the Interior (DOI) claims will “help restore balance on public lands and waters”. The...
View ArticleVaalco hedges part of production to support drilling program
Vaalco Energy is hedging a portion of its production to protect cash flows, which will be used for its fresh drilling program this year and the next. The post Vaalco hedges part of production to...
View ArticleKeppel to exit offshore rig building to position for energy transition
Keppel Corporation has revealed that its struggling Keppel Offshore & Marine unit will exit the offshore rig building business. The post Keppel to exit offshore rig building to position for energy...
View ArticleLundin to increase output, accelerate decarbonisation strategy
Swedish oil company Lundin Energy has announced it would be increasing its output in 2021 as well as accelerating its decarbonisation strategy. The post Lundin to increase output, accelerate...
View ArticleKeppel and Borr agree on another rig delivery delay
Offshore rig builder Keppel and rig owner Borr Drilling have agreed a further delay for the delivery of five jack-up rigs that Keppel is building for Borr. The post Keppel and Borr agree on another rig...
View ArticleEidesvik secures vessel work with Aker BP
Norwegian oil company Aker BP has awarded a contract to compatriot shipping company Eidesvik Offshore for one of its platform supply vessels. The post Eidesvik secures vessel work with Aker BP appeared...
View ArticleEzion to repay bank loans with $13 million from liftboat sale
Ezion Holdings has made plans to sell one of its liftboats for a total of $13 million, which will allow it to repay some of its bank loans. The post Ezion to repay bank loans with $13 million from...
View ArticleEquinor gets permit for fresh North Sea wildcat
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the North Sea offshore Norway. The post Equinor gets permit for fresh North Sea wildcat appeared...
View Article