North Sea operators still have the “appetite” for high impact exploration over the coming 12-18 months, according to Westwood Global Energy Group, despite low success rates.
Centrifuges Un-Limited, the Aberdeen-headquartered oilfield services firm, is increasing its headcount as it targets growth in Norway.
Construction of the longest subsea power cable in the world has now passed the halfway point and achieved a major engineering feat to enable Norway’s zero carbon hydro energy to be shared with the UK.
Oil and gas workers have hit out at what they deem to be “ridiculous” Covid-19 quarantine rules that have made a section of the industry “second-class citizens”.
Stena Drilling has appealed a legal decision which found “mass layoffs” on one of its North Sea rigs was in breach of Norway’s employment rules.
Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has revealed how far it has left to go.
Westwood Global Energy reports that there was one exploration well programme active as of May 27, plus one development programme with an exploration sidetrack planned. One exploration well programme was completed and one exploration well programme spudded in May.
An offshore worker has been hospitalised after sustaining a “crushing injury” at a North Sea oilfield.
Aberdeen-headquartered Stena Drilling has lost a legal case over "mass layoffs" on a North Sea rig but vowed to take its fight further to Norway's Supreme Court.
Asco's work to establish a new logistics terminal in the northernmost town in the world is “well under way”.
Proposals to introduce temporary amendments to the Norwegian upstream tax regime, put to the Norwegian parliament a couple of weeks ago, and included within the Norwegian budget on Tuesday, have added to calls for fiscal change in the UK to support investment in the UKCS and underpin the oilfield services (OFS) supply chain.
Oilfield services firm TechnipFMC is understood to be following up hundreds of job losses across its sites in Norway with scores of UK redundancies.
Engineering firm Saipem has won a £225million project to transport and install a new natural gas pipeline in the Baltic Sea.
Norway has outlined plans for “extremely rare” changes to its tax regime to save the crisis-hit oil industry which would be “very welcome” for UK firms, according to an expert.
Oil advanced for a second day on signs fuel consumption is starting to recover in the world’s biggest economies, while global production cuts also begin to offset the demand destruction caused by the coronavirus.
Norway, western Europe’s biggest oil producer, joined international efforts to curb supply for the first time in almost two decades after prices fell to new depths.
A popular energy sector conference and exhibition in Stavanger, Norway, has been cancelled this year due to the Covid-19 outbreak.
Norway has said it will soon decide whether to cut its oil production to help support plummeting prices.
It has been encouraging to witness many oil and gas majors sign up to the energy transition and net zero. Repsol, BP, Total, Shell and Equinor have all outlined their strategies.
The Netherlands wants to become a leader in green hydrogen production, but projects will require subsidies and more private investors to get off the ground.
The world has been transformed in the past month since the COVID-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand and has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilise oil prices. With Brent trading well below US$30/bbl the resilience of the sector is once again being pushed to its limit. What does this mean for the UK and Norway upstream sectors?
More than 200 oilfield services firms (OFS) across the UK and Norway are “set to become insolvent” due to the coronavirus outbreak, according to Rystad Energy.
Aberdeen head-quartered service company Tendeka will take on a multi-million-pound contract to supply sand-face completion equipment to Aker BP’s Norwegian assets.
Unions from the UK and Norway have established a dedicated working group to improve helicopter safety across the North Sea oil and gas industry.
A senior diving boss has described how his son has been “crippled by incompetence” while preparing an oil rig for work in the North Sea.