The Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low, according to Rystad Energy.
Mubadala Petroleum has signed a concession agreement for the Shell-operated Block 4 located in the Red Sea offshore Egypt.
Oil and gas company Energean has informed that first gas from its Israeli fields could start flowing in the first quarter of 2022, instead of the current target of around year-end 2021.
Wintershall Dea has decided to postpone the commercial gas production from its Dvalin field due to a high level of mercury in the gas flow.
HitecVision’s NEO Energy has entered into exclusive negotiations to buy ExxonMobil’s upstream assets located in the central and northern North Sea.
Australian gas producer and GLNG operator, Santos reported record annual production, as well as record quarterly production in the quarter ending December 31, 2020.
Houston-based Gilmore, a Proserv company, has appointed David Nemetz as its new chief executive officer (CEO). Gilmore, as an integral component of Aberdeen headquartered Proserv, has been providing flow control solutions, such as critical service valves and regulators, to the oil and gas industry f
Australia’s Global Energy Ventures and Pacific Hydro Australia Developments Pty Ltd have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground and marine transportation of green hydrogen. The hydrogen is set to be produced by Pacific
Australia’s Woodside Petroleum on Thursday reported a jump in revenue in the fourth quarter of 2020, as oil and gas prices increased.
Japanese shipping company Mitsui O.S.K. Lines (MOL) has determined to establish a wholly-owned corporate venture capital fund firm called MOL PLUS. The venture capital fund will be based in Tokyo and plans to make a broad range of investments, with its investment ceiling reaching JYP 4 billion ($ 38
Oil and gas company EnQuest has completed the acquisition of the Bressay field interest from Equinor and taken over field operatorship.
Dolphin Drilling has secured another rig contract with a new Norwegian operator. This time with INEOS Energy on the Norwegian Continental Shelf.
Ørsted has chosen Denmark-based Green Hydrogen Systems (GHS) as the supplier of electrolysis technology for the H2RES offshore wind-to-hydrogen demonstration project. The 2 MW electrolysis plant at the Avedøre Power Station will be built around GHS modular electrolysers powered by two 3.6 MW offshor
Elon Musk’s SpaceX reportedly bought two Valaris rigs last year to convert them into floating launchpads for its Starship rocket.
