(Oil Price) – Equinor has made an oil and gas discovery next to the giant Troll field in the North Sea and will continue to explore the area for further potential resources close to existing infrastructure. The discovery, provisionally named Ringand, is currently estimated to contain between 2 and 12 million barrels of oil equivalent and is only 10 miles (17
(Yahoo Finance) – LONDON – Top British North Sea producer Harbour Energy wants to sell stakes in North Sea oilfields and is reviving plans for a U.S. listing, sources said, as more firms scale back investments ahead of new tax increases on the sector. The Labour government, which was elected in July, wants to use the revenue from oil and gas
(World Oil) – North Star has secured its first contract for a commissioning service operation vessel (CSOV), a second award with EnBW, further establishing the company’s growing presence in the European offshore wind sector. This award for the newbuild Grampian Kestrel CSOV (of VARD 4 22 design), will precede the decade-long minimum charter contract the firm signed in February to
Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. APA Corporation’s subsidiaries have operations in the United States, Egypt’s Western Desert and the United Kingdom’s North Sea and exploration opportunities offshore Suriname. Since 1954, our team has been unified by
Oil Price A supertanker-load of one of the key North Sea crudes has recently sold in Asia at a very low price – below the spot North Sea price and below the price of a Middle Eastern grade – in a sign that Asian demand for crude continues to be softer than anticipated. A cargo of 2 million barrels of
World Oil (Bloomberg) – Prime Minister Rishi Sunak said the UK will need fossil fuels for the “next few decades” as the UK moves to eliminate net greenhouse gas emissions, after being urged to oppose Equinor ASA’s Rosebank oil field project in the North Sea. “It makes absolutely no sense to not invest in the resources we have here at
CNBC German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North Sea, as part of a wider collaboration focused on the development of “floating solar parks.” Set to be installed in waters off Ostend, Belgium, the pilot, called Merganser, will have a capacity of 0.5 megawatt peak, or MWp. In
Reuters OSLO/MILAN – Italy’s Eni is buying a 20% stake in the Dogger Bank Wind Farm project from Norway’s Equinor and Britain’s SSE as it seeks to gain expertise in the sector and cut its greenhouse gas emissions 80% by 2050. The project off the northeast coast of England is expected to become the world’s largest offshore wind farm, helping
Reuters Total has halted operations at its Dan Bravo oil production platform in the Danish North Sea, the French company said on Tuesday, after Greenpeace activists climbed aboard to protest future oil and gas exploration. Four Greenpeace activists swam 500 metres to climb on to the unmanned Total-operated oil platform on Tuesday. A Total spokeswoman said operations had been halted
Energy Voice Taqa said that eight crew members are currently under self-isolation on its Cormorant Alpha and North Cormorant platforms. It added that a further five workers have show “minor symptoms” and are nearing the end of their self-isolation period. The eight crew members are due to be flown on shore tomorrow (March 24), Taqa said. All affected crew members
Off Shore Energy During 2019, the company secured $620 million of backlog, including over $50 million secured in the fourth quarter related to a 12-month extension for the Ocean Patriot in the North Sea. Namely, the 1982-built Ocean Patriot semi-submersible has been awarded a term extension with Apache in the UK North Sea. Under the extension, the rig’s contract is
Reuters LONDON- Premier Oil is set to buy North Sea assets from BP and increase its stake in the Tolmount gas project, funded by a $500 million rights issue, but faces opposition from hedge fund ARCM, which vowed to fight the plans. Shares in UK-based Premier surged as much as 19% after it said on Tuesday that it plans to
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