Equinor today announced the second class of global start-up companies selected to participate in the Techstars Energy Accelerator. Three Norwegian companies participate in the programme. The ten start-up companies have been selected from hundreds of applicants across 42 countries. Through an intensive 13-week programme they will seek to accelerate their solution by tapping into a... Continue Reading →

Norway, until recently the main donor to a fund to curb Amazonian deforestation, called on Tuesday on Norwegian companies active in Brazil to ensure they do not contribute to the destruction of the Amazon. Representatives of oil firm Equinor, fertilizer-maker Yara and aluminum producer Norsk Hydro, in which the Norwegian state is the top owner,... Continue Reading →

Although oil and gas can be a highly competitive industry, oil majors and others are coming together more and more to figure out how to best tackle the challenges and opportunities that digital technologies provide. In an area that is particularly critical for all of them to get right, experts joined to discuss how new... Continue Reading →

  August 23, 2019 Brazil will reach production of 500,000 barrels per day of oil and natural gas in 2030 with the measures implemented by the New Gas Market and the Revitalization Program of Exploration and Production of Oil and Natural Gas in Terrestrial Areas (Reate 2020) . The promise is from the Minister of... Continue Reading →

TechnipFMC plc (NYSE: FTI) (Paris: FTI) today announced its Board of Directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development; and SpinCo, a leading engineering and construction (E&C) player, poised to capitalize on the global energy transition. The... Continue Reading →

Aug 26, 2019 Maha Energy revised its production average in 2019. It is projected to be between 3,300 bopd and 3,600 bopd, volumes 9% and 17% below the estimate announced in March. The review is due to delays in drilling in the Tartaruga field in the Sergipe Basin and in receiving regulatory approvals for the... Continue Reading →

Shearwater GeoServices has established a new Brazilian subsidiary ‘Shearwater GeoServices do Brasil Ltda’ and opened a new office in Rio de Janeiro. The strengthened presence in Brazil follows Shearwater’s continued growth over the past 12 months, including extensive marine seismic acquisition offshore Brazil for a major multiclient company. Shearwater will now offer a full range... Continue Reading →

Closure date for the merger between offshore accommodation rig owners Floatel and Prosafe is not yet certain, as the flotel contractors are waiting for the competition authorities to give approval. In separate statements issued in the past week, the two firms said their respective banks have given support for the merger, subject to satisfactory documentation,... Continue Reading →