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Exploration & Production

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Authorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsEnvironmentRegulation & PolicyCarbon Capture Usage & StorageOutlook & StrategyTransitionProject & TendersResearch & DevelopmentRules & Regulation
Karratha gas plant; Courtesy of Woodside
Exploration & Production

Woodside cheers ‘critical step’ for 40-year extension of mega gas project offshore Australia

A years-long sage seems to be coming to an end, as Woodside Energy has secured environmental approval from the Western Australian government for its giant gas project off the coast of Australia. This decision has restarted the Federal environmental approvals process.

about 1 year ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Exploration & Production

New oil discovery boosts Barents Sea potential with 20 more wells on the drilling horizon

Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway. As the firm believes the new find has unlocked further potential in the area, it plans to drill 20 more wells in the Barents Sea over the next four years.

about 1 year ago
Norve jack-up rig; Source: Borr Drilling
Exploration & Production

US firm confirms booking of Borr Drilling rig for ops in Africa

Houston-based Vaalco Energy has disclosed a new contract with Borr Drilling for a jack-up rig that will carry out its 2025/2026 drilling program off the coast of Gabon, Africa.

about 1 year ago
Illustration; Source: ExxonMobil
Exploration & Production

ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oil & gas and LNG output

ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow.

about 1 year ago
Air Liquide
Exploration & Production

Air Liquide wins €110 million EU grant for large-scale ammonia-to-hydrogen project

Air Liquide has been awarded a grant of €110 million from the European Innovation Fund for its ENHANCE project in the Port of Antwerp-Bruges, Belgium, that aims to produce and distribute low-carbon and renewable hydrogen derived from ammonia.

about 1 year ago
Commonwealth LNG design; Source: Commonwealth LNG
Exploration & Production

US LNG export projects on hold until environmental reviews are out of the way

As the Department of Energy (DOE) has confirmed the environmental reviews will need to be completed with all agencies before pending projects can get back on track, the pause appears to still be in effect, even though a preliminary injunction from a court in Louisiana seemingly ended a temporary lul

about 1 year ago
Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Exploration & Production

TotalEnergies takes over gas assets offshore Malaysia

TotalEnergies has expanded its gas portfolio with more assets off the coast of Malaysia by wrapping up the acquisition of stakes OMV and Sapura Upstream held in SapuraOMV Upstream Assets, a Malaysian independent gas producer and operator.

about 1 year ago
Tyra II; Source: TotalEnergies
Exploration & Production

TotalEnergies brings more gas on stream with North Sea tie-back up and running

France’s energy giant TotalEnergies has started production from a well in the Harald East area, with the gas set to be exported through the Tyra facilities in the Danish sector of the North Sea. Once a final investment decision (FID) was made by the Danish Underground Consortium (DUC), including Tot

about 1 year ago
Norve jack-up rig; Source: Borr Drilling
Exploration & Production

Borr Drilling jack-up rig lands new job in West Africa

Borr Drilling has won a new long-term, multi-well assignment for one of its jack-up rigs with an undisclosed operator off the coast of West Africa.

about 1 year ago
Transocean Norge; Source: Transocean
Exploration & Production

Partners in Norwegian Sea gas discovery mulling over tie-back to existing infrastructure

Wintershall Dea has undertaken appraisal activities with one of Transocean’s rigs at a gas discovery in the Norwegian Sea, 270 kilometers north of Kristiansund, off the coast of Norway.

about 1 year ago
Agbami field; Source: Equinor
Exploration & Production

Closing oil & gas chapters in Azerbaijan and Nigeria garners $2 billion for Equinor’s portfolio enhancement

Equinor has crossed the finish line for the divestment of its upstream assets in Azerbaijan and Nigeria, bringing a consideration of up to $2 billion to fuel the firm’s oil and gas portfolio optimization mission.

about 1 year ago
Illustration; Source: Sunda Energy, former Baron Oil
Exploration & Production

UK firm makes a move to secure rig for gas drilling ops offshore Timor-Leste

Sunda Energy has set the wheels in motion to ensure its drilling plans for an appraisal well at a gas field off the coast of Timor-Leste can move forward by reaching a non-binding letter of intent (LOI) with an undisclosed drilling contractor regarding commercial negotiations for a definitive deal.

about 1 year ago
Peregrino A platform; Source: Equinor
Exploration & Production

Chinese duo exits as local firm pays $1.92 billion for stake in Brazil’s giant offshore field

PRIO has expanded its footprint off the coast of Brazil by acquiring non-operated interests of two Chinese players in a field offshore Rio de Janeiro, said to be Equinor’s largest operated field outside Norway.

about 1 year ago
Illustration; Source: BOEM
Exploration & Production

As US steps closer to next Gulf of Mexico oil & gas round, NOIA boss urges rethink on lease sale limit

The U.S. Bureau of Ocean Energy Management (BOEM) has taken steps to set the stage for the next oil and gas leasing round to be held for offshore acreage in the Gulf of Mexico (GOM) by revealing a draft programmatic environmental impact statement (EIS) for which it is seeking public comments.

about 1 year ago
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