Western Europe
News
March 07, 2025
Norweigan oil company DNO has reached an agreement to acquire Sval Energi from HitecVision for a cash consideration of $450 million (USD) based on an enterprise value of $1.6 billion. The Sval Energi assets will enable DNO to quadruple its North Sea production.
News
March 06, 2025
The UK government is drafting a new tax regime for oil and gas companies to replace a controversial windfall levy after 2030, with an aim to hit companies only when prices are unusually high. The UK also confirmed plans to end new North Sea exploration licenses for oil and gas.
News
February 27, 2025
Energy services provider Expro has secured a contract to supply Tubular Running Services (TRS) as part of a major Carbon Capture and Storage (CCS) project in the Netherlands.
News
February 26, 2025
Halliburton and Sekal AS deployed the world’s first automated on-bottom drilling system with the integration of Halliburton’s LOGIX™ automation and remote operations, Sekal’s Drilltronics®, and the rig automation control system.
News
February 24, 2025
TGS has been awarded a 4D streamer contract acquisition project in the Barents Sea covering the Goliat 4D field operated by Vår Energi. The Goliat 4D project is scheduled to start in July with a total duration of approximately 20 days.
News
February 20, 2025
Wood has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) and subsea and integrity management to onshore and offshore assets across the UK.
News
February 20, 2025
SUARDIAZ Group has unveiled its new subsea vessel, RS Alegranza, at the Astander shipyard in Cantabria. The vessel will undergo harbor and sea acceptance tests to ensure offshore compliance before beginning operations in the North Sea.
News
February 19, 2025
Energy industry confidence in reaching global net-zero targets is fading as policy instability, financial uncertainty and slow project approvals continue to hinder progress, according to Net Zero Jeopardy Report II by the Energy Industries Council’s (EIC)
News
February 19, 2025
Draeger Safety UK has secured a contract extension with INEOS O&P UK. A direct continuation of the existing work scope, the agreement covers the provision and maintenance of Portable Gas Detection and Rental Robot services to support the company’s operations.
News
February 12, 2025
STRYDE has secured a major contract to supply 42,000 autonomous nodes to Smart Seismic Solutions (S3). The nodes will be deployed on a 3D high-density seismic survey for the CarbonCuts CO₂ Storage Project onshore in Denmark.
News
February 11, 2025
TGS announced it has been awarded two 4D streamer contract acquisition projects, one in the North Sea and one in the Norwegian Sea. The 4D projects are scheduled to be acquired back-to-back and commence in June.
News
February 10, 2025
Global Underwater Hub (GUH), the trade and development body which represents the UK’s £9.2 billion underwater industry, has published a white paper explaining its strategies to improve subsea cable systems for offshore wind projects.
News
February 10, 2025
INEOS has selected ITT’s Svanehøj to supply CO₂ pumps for the onshore facility and the first LCO₂ carrier for Project Greensand in the Danish North Sea. The significant order further strengthens Svanehøj’s position in carbon capture and storage (CCS).
News
February 07, 2025
(Bloomberg) – UK Energy Secretary Ed Miliband's pending decision on the Rosebank site highlights the conflicting goals of the government to drive economic growth while simultaneously reducing the emissions that contribute to global warming.
News
February 07, 2025
Equinor ASA reined in its renewable-energy ambitions, less than two months after snapping up a $2.3 billion stake in Danish wind giant Orsted A/S. Rivals including BP and Shell are also returning their focus to the core oil and gas business.
News
February 06, 2025
DNO ASA reported 2024 revenues of USD 667 million on the back of robust production in the Kurdistan region of Iraq and continued North Sea expansion. Net production climbed 50% year-on-year to 77,300 boed combined from Kurdistan, North Sea and West Africa operations.
News
February 06, 2025
VIKING Life-Saving Equipment is strengthening its position in boat manufacturing by investing in a new manufacturing facility in Arendal, Norway. The new building covers 3,400 sqm and is designed to meet requirements for high-end freefall boats in the offshore segment.
News
February 05, 2025
Saab UK has announced the official opening of a new manufacturing facility. Opened by the Rt Hon Jonathan Reynolds MP, Secretary of State for Business and Trade, the facility will develop, manufacture, and support Saab's radar systems and Seaeye underwater robotics portfolio.
News
February 05, 2025
The 2025 Offshore Energy Vessel of the Year Award went to IWS Seawalker, a 90-meter CSOV designed and equipped by Kongsberg Maritime, during a ceremony at the Annual Offshore Support Journal Conference in London.
News
February 04, 2025
Shell has restarted production at the Penguins field in the UK North Sea with a new FPSO facility. Shell UK is the operator, and NEO Energy owns 50% interest. The Penguins FPSO is the first Shell-operated new facility in the North Sea in more than 20 years.
News
February 04, 2025
SLB OneSubsea™ has secured a contract with Vår Energi to deliver subsea production systems (SPS) for offshore Norway developments. The award leverages the existing strategic subsea partnership agreement between the two companies.
