WorldOil Ampelmann and Olympic Shipping join forces in project for Ithaca Energy in the North Sea Ampelmann has secured a contract with Olympic Shipping to support topside commissioning work on Ithaca Energy’s FPF-1 offshore semi-submersible in the North Sea. Equinor tallies Q2 profit on trading gains, tax changes Equinor ASA reported a surprise profit in the second quarter, helped by trading gains in chaotic markets and a tax change designed to help the Norwegian oil industry through the Covid-19 crisis. Neptune Energy’s North Sea projects mark major milestones Neptune Energy announced the safe and successful installation of subsea oil and gas production flowlines and gas lift flowlines for its Duva and Gjøa P1 developments in the Norwegian sector of the North Sea. Norway’s offshore oil and gas activity accelerating in 2H 2020 "There is still a basis for high, long-term value creation on the Norwegian shelf. The political decisions have helped stabilize an extraordinary and demanding situation. The temporary change will contribute to a continued high activity level, on par with what we forecasted before the pandemic and the drop in the oil price," Director General Ingrid Sølvberg says. Aker Solutions, Kvaerner transform to seize renewable-energy opportunities “At a time when renewables have developed from niche technologies to global industries, Aker’s ambitions exceed the announced spin-offs in Aker Solutions,” Aker Chief Executive Officer Oyvind Eriksen said in a statement. “We take an active role to position ourselves in a broader and rapidly growing renewable energy industry.” Norway to tackle $100 billion PandA liabilities with new oilfield tech North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region. Researchers in Norway believe they can cut that figure dramatically. ICONIC tallies first successful North Sea instrumented tubular plug installation ICONIC has successfully installed its first iTP (Instrumented Tubular Plug) in the Norwegian North Sea. Designed to provide real-time pressure and temperature data anywhere in the well, the iTP has been qualified for use on HPHT wells. Stauper Offshore wins Martin Linge platform upgrade contract Stauper Offshore AS was awarded a contract by TechnipFMC for the upgrade of the Compact Flotation Units (CFU) at Equinor´s Martin Linge platform in the North Sea. Neptune Energy confirms hydrocarbon discovery at Dugong well Neptune Energy and its partners announced the discovery of hydrocarbons at the Dugong well (PL 882) in the Norwegian sector of the North Sea. Neptune Energy awards remote monitoring contract to Fugro Neptune Energy announced the award of a subsea inspection contract to leading geo-data specialist, Fugro, which will employ state-of-the-art remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.