Competition regulator drops inquiry into Baker Hughes, Akastor deal
The UK’s competition inspector has deemed plans by Baker Hughes and investment firm Akastor to merge two business units not worthy of an investigation.
norway
Norway records seven commercial discoveries in year to date
Westwood Global Energy reports that there were two exploration and one appraisal wells active as of July 28. Key wells in July include frontier play tests at Stovegolvet and Stangnestind, both of which completed. A total of 17 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 41% commercial success rate to date.
RigQuip to create 120 jobs and invest £10m in growth strategy
Aberdeen-headquartered RigQuip has announced plans to create 120 jobs and invest at least £10m in growth plans over the next five years.
Bristow lands contract extensions with Equinor, Shell and Neptune in Norway
Bristow has announced a series of contract extensions for helicopter operations with Equinor, Shell and Neptune Energy in Norway.
‘This is a big day’: Equinor brings Martin Linge field online after escalated costs
State-owned operator Equinor has celebrated the start of production on the Martin Linge oil and gas field after a big rise in costs.
Var Energi’s King and Prince exploration programme a royal success
Westwood Global Energy reports that there were three exploration wells and one appraisal well active as of June 28. In addition, one appraisal re-entry of an exploration well is currently active. Key wells in June include discoveries at King/Prince and Garantiana West and frontier play tests at Stovegolvet and Stangnestind. A total of 14 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 50% commercial success rate to date.
Gabon cashes carbon cheque for forestry support
The Central African Forest Initiative (CAFI) has made a first payment to Gabon for the country’s reduced deforestation.
Transition concerns speed fossil fuel development
If energy demand is shifting away from fossil fuels, the most economically rational move for governments is to maximise development of resources now.
UK to import Norway’s cheap hydro-power along subsea cable
The first megawatts of electricity will flow between Norway and the U.K. Wednesday along the longest submarine power cable in the world.
Gaddafi’s wreck to green yacht
Could a pleasure craft that once belonged to Libya’s former president Muammar Gaddafi become the world’s first hydrogen-fuelled yacht?
Aker Solutions manager expected to be charged in Malaysia
A senior executive at Norwegian energy services company Aker Solutions is expected to be charged today for allegedly making false statements in order to win Petronas licenses in Malaysia.
‘Sunrise, not sunset’: HitecVision looks to Penguins and Britannia investments in North Sea
Private equity player HitecVision has said the North Sea is “anything but mature” as it looks towards major investments in the UK sector.
KCA Deutag lands contracts worth $550m in UK, Russia and Norway
KCA Deutag has hailed a series of contract awards worth around $550million (£388m) across the UK, Russia and Norway.
Longboat Energy farming into seven-well exploration campaign off Norway
Longboat Energy intends to raise £35 million via a share placement to help pay for its spot on an exploration campaign off Norway.
Mintra appoints former Atlas boss as new CEO
Digital training and software specialist Mintra has found its new CEO in the former head of Aberdeen-based Atlas Knowledge.
Maersk Drilling gets $10m contract boost at Equinor Martin Linge
Maersk Drilling has received another boost to its contract with Equinor at Martin Linge, adding well intervention work.
Norway wealth fund to oppose electing Pouyanne as Total director
The sovereign wealth fund of Norway will vote against the re-election of Total SE’s Patrick Pouyanne as director of the French energy company at this week’s annual general meeting.
Aker Solutions wins FEED contract for e-Fuel plant in Norway
Aker Solutions has been awarded a front end engineering design (FEED) contract by Nordic Blue Crude (NBC) for a new e-Fuel facility in Norway.
Energean targets two years to transformation
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
Alexander Kielland: Victims’ families continue fight for new inquiry into capsized rig
Bereaved families of those killed in the Alexander Kielland disaster have said they won’t have peace unless a fresh inquiry is opened.
World’s biggest wealth fund strikes a milestone green deal
Norway’s $1.3 trillion wealth fund just made its first investment in clean energy infrastructure, more than a year after it was given the go-ahead to move into the asset class.
Ineos Energy to sell oil and gas business in Norway for $615m
Ineos Energy has announced a deal to sell its oil and gas assets in Norway for $615million.
Energy transition ‘nightmare’ for traditional exporters
The energy transition is a “political risk nightmare” for hydrocarbon-export reliant states, a new report from Verisk Maplecroft has said.
Equinor hails Blasto as biggest discovery off Norway this year
Equinor has announced the biggest discovery so far this year on the Norwegian continental shelf (NCS).
Baker Hughes and Horisont team up for Barents Sea carbon capture project
Baker Hughes and Horisont Energi have entered into a pact for the Polaris carbon storage project off the northern coast of Norway.