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Exploration & Production

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FPSO Almirante Tamandaré; Source: Petrobras
Exploration & Production

$111 billion investment on Petrobras’ five-year agenda

Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision.

about 1 year ago
ZESTAs and TEEMO looking into development of hydrogen shipping fuel in Tanzania
Exploration & Production

ZESTAs and TEEMO looking into development of hydrogen shipping fuel in Tanzania

The Zero Emissions Ship Technology Association (ZESTAs) and Tanzania’s Environment and Empowerment Movement (TEEMO) have signed a memorandum of understanding (MoU) to collaborate on the development of green hydrogen shipping fuel and the associated capacity building in Tanzania.

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about 1 year ago
High Island II jack-up rig; Source: Shelf Drilling
Exploration & Production

Aramco hits pause button on ops of another Shelf Drilling jack-up rig

Shelf Drilling has confirmed the receipt of one more notice of temporary suspension of operations for another jack-up rig working off the coast of Saudi Arabia in the Middle East, as Aramco, the country’s energy giant, continues its rig suspension spree.

about 1 year ago
FPSO Petrojarl Knarr is expected to work at Equinor's Rosebank field; Source: Altera Infrastructure
Exploration & Production

Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects

As the climate crisis intensifies, so do legal challenges for hydrocarbon projects, especially in the United Kingdom (UK), where two North Sea operators and climate activists are locked in a court battle with the potential to put the fossil fuel industry out of commission.

about 1 year ago
Brage platform; Source: OKEA
Exploration & Production

North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead

OKEA has received the Norwegian government’s blessing to move forward with its plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway, which will be tied back to an existing platform.

about 1 year ago
Signing ceremony for NCMA 2 block; Source: BP
Exploration & Production

BP gains entrance to new oil & gas exploration arena off Trinidad’s north coast

BP has expanded its footprint offshore Trinidad and Tobago by securing access to a new block, where the company has not undertaken any hydrocarbon exploration activities.

about 1 year ago
Noble Voyager drillship was hired for drilling activities in Block 52 by Petronas; Source: Noble Corporation
Exploration & Production

ExxonMobil drops out of block with gas & oil discoveries offshore Suriname

ExxonMobil has pulled out of a block containing a gas discovery off the coast of Suriname and transferred its stake to its partner.

about 1 year ago
Namibia's Orange basin; Source Impact Oil & Gas
Exploration & Production

Canadian oil & gas player enlarges stake in Namibia’s Orange Basin

Canada’s Africa Oil has boosted its ownership interest in Impact Oil & Gas, an Africa-focused exploration player with hydrocarbon exploration and appraisal assets in the Orange Basin off the coast of Namibia.

about 1 year ago
NAGA 6 jack-up rig; Source: Velesto Energy
Exploration & Production

Velesto, Petronas, and NOV pursuing rig automation and stepping up drilling game with robotics

Velesto has joined forces with Petronas and NOV to enhance drilling operations by bringing robotics into play and boosting its jack-up fleet with a rig automation system.

about 1 year ago
Onshore plant and a docked LNG vessel
Exploration & Production

PNG LNG getting more gas thanks to new project coming online

Australia’s energy giant Santos has completed its two-well project forming part of an integrated development to commercialize the gas resources of Papua New Guinea.

about 1 year ago
South Furious field in Malaysia; Source: Hibiscus Petroleum
Exploration & Production

First of five planned production wells comes online offshore Malaysia

Hibiscus Petroleum, a Malaysian independent oil and gas exploration and production company, has achieved the first oil from the first well in its multi-well program at a field off the coast of Malaysia.

about 1 year ago
An offshore platform
Exploration & Production

Conrad and Pertamina eyeing small-scale LNG options for prospects offshore Indonesia

Conrad Asia Energy has disclosed information about its recent commercialization activities for shallow-water gas discoveries in two production-sharing contracts (PSCs) located off the coast of Indonesia’s Aceh Province, including a potential small-scale liquefied natural gas (LNG) plant.

about 1 year ago
Borgland Dolphin drilling rig; Source: Dolphin Drilling
Exploration & Production

Dolphin Drilling getting over $20M for rig cancellation

Dolphin Drilling has struck a deal with a North Sea operator to receive a compensation fee for the early termination of a drilling campaign one of its semi-submersible rigs was hired to carry out on the UK Continental Shelf (UKCS).

about 1 year ago
Ren-Gas picks Sunfire’s electrolyzer for its renewable e-methane plant in Finland
Exploration & Production

Ren-Gas picks Sunfire’s electrolyzer for its renewable e-methane plant in Finland

German electrolyzer manufacturer Sunfire will deliver 50 megawatt (MW) electrolyzer capacity for Nordic Ren-Gas’ renewable e-methane plant in Tampere, Finland.

about 1 year ago