News
September 06, 2023
The report pinpoints the actions policymakers must take in partnership with business to get this investment moving and tackle the energy challenges facing the nation and its households.
News
September 06, 2023
The 50th anniversary edition of SPE Offshore Europe (OE) got underway Tuesday morning with a solid, well-received Opening Address by British Minister of State for Energy Security and Net Zero, Graham Stuart, MP.
News
September 05, 2023
Solid oil and gas production from the region is also providing indispensable resources to Europe and the rest of the world, navigating through the energy transition.
News
September 05, 2023
Last year’s estimated 3% reduction contributed to a 23% drop in greenhouse gas emissions between 2018 and 2022, according to the latest Emissions Monitoring Report from the North Sea Transition Authority (NSTA).
News
September 04, 2023
Celebrating its 50th anniversary edition during Sept. 5-8, SPE Offshore Europe 2023 is opening in Aberdeen, Scotland, on Tuesday with a full slate of topical discussions and technical challenges for the energy industry. Held in Aberdeen’s P&J Live venue, the event is themed, “Accelerating the transition to a better energy future.”
News
September 04, 2023
Under this new agreement, Wood will provide engineering, procurement and construction (EPC) and operations and maintenance (O&M) services, including digital and decarbonization solutions, for a number of Harbour’s offshore assets critical to UK energy security.
News
August 31, 2023
"We look forward to working with the new Secretary of State and her team to build on the progress the sector has already made to deliver energy security from the North Sea, underpinned by the North Sea Transition Deal," said OEUK.
News
August 29, 2023
Aker BP is using the company’s alliance model in the implementation phase, including the Subsea Alliance with Aker Solutions and Subsea 7, and the Modification Alliance with Aker Solutions.
News
August 25, 2023
With this project, Equinor and its partners expect to increase production by 26 MMboe from the area.
Article
August 2023
Norway's offshore: Moving on
News
August 23, 2023
DeepOcean’s contract scope includes engineering, transportation and installation of the gas export riser, subsea tie-ins and pre-commissioning support.
News
August 23, 2023
The field helps underpin Norway’s position as Europe’s largest gas supplier: On plateau, Dvalin is planned to produce enough energy to heat more than 2 million homes. The additional volumes come as Europe continues to search for predictable long-term supplies of natural gas.
News
August 22, 2023
Statfjord C will change its power solution to cut emissions. A new steam turbine will produce electricity based on surplus heat from two gas compressors. This will make energy consumption more efficient and cut 25% of total annual CO2 emissions on Statfjord C, equivalent to 50,000 cars.
News
August 21, 2023
Perenco SA, Ithaca Energy Plc and newcomer Viaro Energy Ltd. have bid for a package of UK assets that includes the Leman Alpha hub, the Clipper field and the Bacton gas terminal, the people said, asking not to be identified discussing private information.
News
August 18, 2023
The volumes are estimated at between 9 and 35 MMboe. The discovery consists of both oil and gas, mostly oil. The licensees regard the discovery as commercial and will consider tie-back to other discoveries and existing infrastructure in the area.
News
August 15, 2023
The Camelot license’s annual storage potential is up to 6 million tonnes and provides a significant and valuable contribution to the CO2 abatement potential in the UK.
News
August 10, 2023
Through a five-year framework agreement, Wood will apply digital solutions to transform National Gas infrastructure to modern, cyber-secure technology across their entire network of critical assets across Britain.
News
August 09, 2023
DNO ASA announced that a fast-track development concept has been agreed for its 2016 Brasse oil and gas discovery in license PL740 offshore Norway, paving the way for detailed design studies to link up with the Brage field.
News
August 04, 2023
The first contract relates to the Neptun Deep Gas Development Project located in the Black Sea, Romania, for which the award procedure was completed by OMV Petrom.
News
August 01, 2023
Offshore Energies UK, the leading trade association for energy firms from oil and gas to carbon capture, offshore wind and hydrogen, has greeted the government’s commitment to the 33rd licensing round and its carbon capture announcements as important steps forward for long-term energy security and jobs. 
News
July 31, 2023
The government said the first new permits in the current licensing round will be issued in the autumn, with over 100 expected in total. It also suggested a commitment to future licensing rounds — though that would hinge on Sunak’s party holding onto power in a general election expected in 2024.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.