Norway's DNO has launched a hostile bid to buy all of Faroe Petroleum in a deal valuing the London-listed company at around 608 million pounds ($781 million), sending Faroe shares up by a quarter.DNO, which already owns 28 percent of Aberdeen-based Faroe…
Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway's Nyhamna gas processing plant, they told Reuters.The project, which would be the country's first offshore wind farm…
'Little hope of THIS rock ever producing oil,' BP geologist Bill Senior scribbled in 1977 on a note assessing a recent oil discovery in a distant corner of the North Sea.That same rock is today the heart of BP's prized Clair field in the West of Shetland region…
UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal.According to a company release, the USD 80…
Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion…
Russia's Novatek has begun production of the commissioning LNG from its third 5.5 million mt/year train at the Yamal LNG project, bringing the plant's total capacity to 16.5 mln tonnes of LNG per year.“We have successfully launched all three…
Europe's independent oil and gas exploration and production company Lundin Norway will drill and test a new exploration well in the Barents Sea, following approval by the Norwegian Petroleum Safety Authority (PSA).'Lundin is the operator for production licence 767…
Oil and gas companies operating in Norway have raised their investment forecasts for 2019 to 175.3 billion Norwegian crowns ($20.6 billion) from 165.1 billion seen in August, a survey by the country's statistics agency (SSB) showed on Thursday…
Ten months after the final assembly of the offshore substation (OSS) for the new Deutsche Bucht offshore wind farm started at Damen Shiprepair Vlissingen (DSV), the substation topside has now been moved outside the construction hall so that further outfitting can take place…
Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday.Ofgem said the tests should ensure new entrants are robust while encouraging competition in the market…
Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale project triggering ripple effects throughout Norway…
Russian gas deliveries to northwest Europe will likely continue to grow in the time ahead, Norwegian oil and gas producer Equinor told an investor conference on Tuesday.In the third quarter, Russian deliveries to the region expanded to 59 billion cubic meters from 50 bcm in the same period of 2017…
Finland's leading postal and logistics service company Posti has taken into service two full trailer combinations powered by liquefied natural gas (LNG).Posti will be using the LNG vehicles for demanding transport operations. Posti's target…
Russia's largest independent natural gas producer Novatek announced that its wholly owned subsidiary OOO Novatek-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous…
North Sea Forties crude differentials fell to a three-year low on Monday, pressured by ample prompt supplies and limited demand.Ekofisk DelaysSome Ekofisk cargoes for loading in November have been delayed by a few days because of unplanned maintenance…
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