Northern Offshore Services, SEA O.G Form CTV JV for U.S. Offshore Wind Space
Northern Offshore Services (N-O-S) and SEA O.G have entered into an agreement to provide marine services and CTV operations to the offshore wind industry in the United States.The partnership will combine the forces of N-O-S, the crew transfer vessel operator in Europe, and the offshore services provider, SEA O.G. Offshore.Northern Offshore Group…
Shell Eyes Next Oil Licensing Round in Norway after Pulling Out of Latest One
Royal Dutch Shell expects to take part in the next bidding round for exploration licences offshore Norway, after dropping out of the latest one, the head of its Norwegian unit said on Monday. The oil major pulled its application from Norway's 23rd Arctic-focused oil licensing round in April, saying it needed to take a break to assess its exploration plans after the acquisition of BG, and due to low oil prices.
Shell Pulls Out of Arctic-focused Exploration Oil Licensing Round in Norway
Oil major Royal Dutch Shell has pulled its application from Norway's Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country's ambitions to explore for oil and gas in its northern offshore areas. "The decision is part of an optimisation of Shell's global portfolio following the acquisition of BG and a persistently low oil price," the company's Norwegian unit said in a statement.
Rosneft Cancels Rig Contract
Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd, the Norwegian offshore driller said. Western sanctions against Russia, and Rosneft in particular, have led the Russian oil group to cancel a North Atlantic Drilling vessel earlier this month and raised concerns whether a larger agreement would go through..
Mozambique Offers New Oil & Gas Terms
Amended law opens way for fresh bidding rounds; legislation requires partnership with state oil firm ENH. LNG processing projects to operate under special regime and Mozambique chasing 2018 target for first LNG export. Mozambique's parliament has passed an amended petroleum law that will allow the government to issue new gas and oil exploration licences but it also requires investors to partner with the state oil firm…
