Buoyed by high prices and rising energy demand, offshore operators and international oil companies are advancing plans for field development projects, and 2023 looks to be a busy year for offshore construction projects. With that […]
A Dutch court has suspended a proposed gas drilling and extraction project in the North Sea due to the uncertain impact of nitrogen compound emissions. The offshore gas project was designed to run entirely on […]
As demand increases, and companies rethink how fast they might want to transition beyond oil and gas, the offshore is having a moment. Driving the move is the age-old question of access to resources. The […]
According to the industry body Offshore Energies UK, investments in the North Sea have dipped significantly. This could result in much lower oil production by the end of the decade unless the government can attract […]
Home Fossil Energy WATCH: Diamond Offshore’s giant semi-sub rig getting ready for its North Sea job Diamond Offshore’s Ocean GreatWhite semi-submersible drilling rig, which is considered to be the largest of its kind in the […]
Home Fossil Energy Aker BP getting ready to spud North Sea prospect with Saipem rig Norwegian oil and gas player Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North […]
LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to […]
Home Fossil Energy Norway’s oil and gas player enters North Sea license with 50% interest Norwegian oil and gas company OKEA has signed a sale and purchase agreement (SPA) with compatriot DNO Norge to enter into […]
Credit rating agency Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation. As a result, the latest changes are credit negative for oil […]
ENB Pub Note: This will slow down the entire economy rather than solve the problem. LONDON – Britain’s North Sea oil and gas and offshore wind sectors will have to pay higher taxes on profits, under […]
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