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For the P11-B Unity project located in the North Sea, Allseas Lorelay and Calamity Jane are joining hands. A versatile vessel, Lorelay is optimised for executing small and medium diameter pipeline projects of any length in unlimited water depths. It can also handle associated work such as the installation of risers and subsea protection frames. […]

An energy intelligence group Rystad Energy, mentioned that if the pace of discoveries remains similar to the first quarter, it will exceed 2018’s discovered resources to as much as 30%. Global discoveries of conventional resources since the first quarter reached a robust 3.2 billion barrels of oil equivalent (boe), said Rystad since last week Monday. […]

Investors have given the green light for the development of an oil and gas field off the coast of Aberdeen. Neptune Energy along with its partners BP & Japex has agreed with a final investment decision to obtain Seagull field for production by the end of 2021. The expected initial production of Seagull is about […]

ENI, an Italian energy giant announced its oil and gas discovery in North Sea on Tuesday in production license 869 by its subsidiary Var Energi. According to the company’s press release, ENI holds 69.6% share of jointly owned Var Energi and 30.4% interest in HitecVision who have found this resource through a drilling exploration well […]

Within 15 years, Royal Dutch Shell plans to become the world’s biggest power company. This move suggests it identifies climate change as a bigger threat to its business compared to electricity weak returns. According to Maarten Wetselaar, director of Shell’s integrated gas and new-energies unit, Shell spends as much as USD 2 billion a year […]

London-listed Independent Oil and Gas, which is seeking a partner to help build a new gas hub in the southern part of the North Sea, has rejected a takeover proposal from RockRose Energy. RockRose which is also buying Marathon Oil, a UK business of US upstream company said it had proposed a cash takeover of […]

Equinor together with its partners Petoro, ConocoPhillips and Repsol have made an oil discovery in Telesto exploration well of North Sea from Visund A platform containing estimated resources of 12-28 MMbbl of recoverable oil. “We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental shelf (NCS). These are profitable […]

This year, Europe is expected to be the fastest-growing market for liquefied natural gas (LNG) and will absorb the fuel despite supplied by Russia’s record-high volumes by pipelines. Royal Dutch Shell Plc said on Monday that it expects to get an extra 20 million to 30 million tons of LNG this year, double the increase […]