Norwegian E&P player Aker BP has received consents from the Petroleum Safety Authority (PSA) for the use of the Deepsea Stavanger and Maersk Invincible rigs for exploration drilling in the North Sea and development of Valhall Flank West, respectively. The first consent is for the exploration drilling of the Liatårnet [...]

Production Efficiency on the UK Continental Shelf (UKCS) has improved for the sixth consecutive year, according to the latest analysis by the Oil and Gas Authority, which has been launched for the first time as an online digital visualisation tool, allowing users to fully explore the data. In 2018, Production Efficiency reached 75%, representing [...]

GlobalData’s latest thematic report, ‘Robotics in Oil & Gas’ discusses the growing prominence of robotics in the oil and gas industry amid increasing complexities in operations and sustained pricing pressure affecting profitability. Robotics in oil & gas Demand for robots is revving up at a fast pace, due to robots [...]

Siemens Gamesa has secured a conditional order for the supply of turbines to Macquarie and Swancor Renewables’ 376MW Formosa 2 offshore wind farm off Taiwan. The German-Spanish manufacturer will delivery 47 8.0-167 machines for the project, which will enter construction in 2020. A 20-year full-service agreement is included in the [...]

Environment minister Francois de Rugy announces plans for new tenders for floating and fixed-bottom projects French environment minister Francois de Rugy has outlined today how France intends to meet its new 10GW offshore wind target by 2028. A 1GW fixed-bottom project to be built off Normandy will soon be open [...]

IRENA report says employment rose from 10.3 million in 2017 despite slower sector growth in key markets The renewable energy industry employed 11 million people around the world last year, according to analysis by the International Renewable Energy Agency (IRENA). IRENA said in its 'Renewable Energy and Jobs – Annual [...]

Ping Petroleum, a private company with assets in the UK North Sea, has reportedly been put up for sale. According to the Malaysian business website The Edge Markets, Jefferies International has been tasked with finding a buyer for the company that owns a 50 percent share in the Anasuria Cluster of [...]

The worldwide offshore rig count in May 2019 dropped by 11 units sequentially but was up 43 rigs year-over-year, according to monthly rig count reports by Baker Hughes, a GE company (BHGE). BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. [...]

Norway’s Aker BP A has completed the drilling of wildcat well 15/6-15 in the North Sea, offshore Norway, without hitting hydrocarbons. The well was drilled about 15 kilometers north-east of the Gina Krog field and 225 kilometers west of Stavanger. The well is dry, the Norwegian Petroleum Directorate said on [...]

US brewing giant Anheuser-Busch has signed a 15-year power purchase agreement with Canadian Solar subsidiary Recurrent Energy for 310MW of electricity from the Maplewood solar farm in Texas. The project, located in Pecos County, is scheduled to enter into commercial operations in 2021. Recurrent Energy is also in the early [...]

Oil major BP has agreed to sell its Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company for an undisclosed sum. BP said that under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the [...]

Boskalis Subsea Services has been awarded a clutch of contracts, totalling in excess of £100 million ($126.1M), in the North Sea over the last six months. Boskalis Subsea said on Friday that these include the Total Tyra redevelopment project, an inspection, repair and maintenance (IRM) campaign for Repsol Sinopec, a [...]