Harbour Energy swung to an annual loss in 2024 as the U.K.'s windfall tax for energy companies wiped out most of its pre-tax earnings, the company said on Thursday.North Sea producers have warned that the UK's windfall tax on the industry, first…
Yinson Production has completed the acquisition of Norway-based carbon capture and storage (CCS) company Stella Maris CCS from Altera Infrastructure.Stella Maris is developing a full CCS value chain, including carbon capture, intermediate storage…
First Marine Solutions (FMS) confirmed the acquisition of Aberdeen-based Andrews Hydrographics Ltd (Andrews Survey) for an undisclosed sum. Set to double the FMS headcount to 130 and result in a combined annual turnover of approximately £40million…
BP has started production from the second development phase of the Raven field offshore Egypt, the global oil company said on Sunday.BP said in a statement that the new wells are set to produce approximately 220 billion cubic feet of gas and 7 million barrels of condensate…
Norwegian oil and gas firm Aker BP and its partners have drilled a dry well in the North Sea offshore Norway.The drilling was carried out north of the Gjøa field at the wildcat well 35/6-5 S, located in production license 1110, which was part of the awards in predefined areas (APA) 2020…
Specialist provider of offshore support services Interocean Marine Services has secured a three-year contract to provide marine vetting and assurance to the Morgan, Mona and Morven offshore wind projects.The offshore wind farms are being developed…
Norwegian vessel management and operations services provider Aurora Offshore, pat of Borealis Group, has welcomed the first of three high-end subsea vessels to the fleet as part of vessels transfer agreed with Sea1 Offshore.The transferred ship…
Britain's Harbour Energy on Thursday said it expects higher production in 2025 compared with last year, driven by the full-year's contribution from its purchase of oil and gas firm Wintershall Dea's assets.Harbour acquired the non-Russian oil and gas assets of the German company last year in an $11…
British energy group EnQuest is to acquire Harbour Energy's business in Vietnam, it said on Wednesday, as the North Sea-focused company moves to expand further outside its home market in response to higher UK taxes.The deal is valued at $84 million including debt…
The North Sea Transition Authority (NSTA) has imposed a penalty of $154,000 on CNOOC Petroleum Europe for venting without consent at its Buzzard field, 60 miles north-east of Aberdeen, on two separate occasions in a two-week period.On May 31…
With the British government's announced plan to increase the windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, a move to fund renewable energy projects, U.S. President-elect Donald Trump took to…
Equinor's Hammerfest LNG plant in Arctic northern Norway has suffered an unexpected outage due to a compressor failure, halting all output for one week, according to a regulatory statement on the Gassco web site on Thursday.The Hammerfest plant…
Norwegian Ministry of Energy has offered two CO2 storage permits to Harbour Energy, Equinor, and Aker BP, both located in the North Sea.One of the permits is being offered to a group consisting of Harbour Energy (operator) and Equinor Low Carbon Solution…
The Norwegian Offshore Directorate has granted Aker BP two drilling permits for wildcat wells in the Norwegian Sea.The permits are for wellbore 6306/6-3 S in production license 886, and 6507/5-13 S in production license 212.Aker BP operates the license 886…
Energy services provider Expro (NYSE: XPRO) has been awarded a contract valued at over $10 million for the provision of a well decommissioning solution in support of the 52-well plug and abandonment (P&A) campaign.The solution combines subsea…
