Norwegian and Swedish seismic institutes have recorded two underwater blasts before the discovery of the gas leaks on the Nord Stream pipelines in the Baltic Sea linking Russia and Europe, prompting an investigation by authorities amid suspicions of sabotage.
UK-headquartered energy giant BP has awarded a long-term, multi-region deal, covering its offshore portfolio, to Wood Plc, a compatriot oilfield services provider. This contract will enable the UK player to support BP’s “efficient and safe” energy production.
Norwegian state-owned energy giant Equinor on Friday announced a long-term gas sales agreement with its Polish counterpart PGNiG, which will result in the strengthening of the energy security of the latter.
A case study, conducted by Ocean Harvesting Technologies and Lundin Energy Norway, has shown that wave power could provide significantly more stable power production than offshore wind for the electrification of oil and gas platforms.
Oilfield services provider Archer has secured a long-term platform drilling contract in the UK with an undisclosed operator. This deal has an estimated value of $50 million over the firm contract period.
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