EnergyWatch

Oil & Gas

Nord Stream 2 may go in several new directions

The company behind gas pipeline Nord Stream 2 has submitted a new application to the Danish Energy Agency, in which it seeks permission to lead the gas pipeline through the Baltic Sea south of Danish island Bornholm. This would be the better solution for shipping and the environment, says the agency.

Prosafe moving "home" to Norway

Prosafe is getting ready to move its headquarters from Cyprus to Norway, where the offshore company already has a Stavanger office. The move comes at a time when other companies are leaving Norway.

No fatal accidents in Norway's oil industry in 2018

16 months have passed since the last fatal accident in Norway, and as such, 2018 was a year without deaths in the country's oil industry, shows the latest risk figures from Norway's Petroleum Safety Authority.

2019 could bring oil discoveries back to 2014 levels

35 wells are expected to be drilled and explored during 2019, which according to Rystad Energy could bring the year's discoveries back to the level seen before the oil price collapse in 2014. February already saw the highest number in more than three years.

Semco Maritime is ahead of schedule with offshore wind

Semco Maritime is doing better than expected from its growing offshore wind market activities, which are forecast to account for half the operator's business in 2022. Semco will not completely drop oil in the near future, despite the advance of renewables.

Semco grows revenue after five tough years

Semco Maritime's revenue grew by DKK 600 million (EUR 80 million) in 2018 – top line growth since 2012 was mainly attributable to international activities, the company's CEO says.

Maersk Drilling could become an acquisition candidate

Maersk Drilling has likely moved up on the list of acquisition candidates after being publicly listed Thursday this week, even though the company pursued the listing because it was unable to find a buyer, an analyst says. The reason is tied to the share price.

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