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Exploration & Production

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Ocean Apex rig; Source: Diamond Offshore, now part of Noble Corporation

Exploration & Production

Transocean, Noble, Valaris, Borr, and Odfjell Drilling fleets’ $23 billion backlog spotlights state of play in booming rig market

Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.

24 minutes read

Exploration & Production

ExxonMobil buys FPSO working off Guyana for $1.23 billion

U.S.-headquartered ExxonMobil has closed the purchase of a floating production, storage, and offloading (FPSO) vessel working in Guyana from SBM Offshore, while the Dutch FPSO operator will continue operating and maintaining the vessel. ExxonMobil Guyana Ltd. and BM Offshore completed the transactio

about 1 year ago

Exploration & Production

Sval Energi exits Norwegian Sea development by selling share to Equinor

Norwegian energy company Sval Energi has signed an agreement with compatriot state-owned Equinor to sell its 11.8% share in the Halten East Unit in the Norwegian Sea, enabling Equinor to increase its ownership to 69.5%. Located in the Kristin-Åsgård area in the Norwegian Sea, Halten East is an ongoi

about 1 year ago

Exploration & Production

Ongoing data reprocessing program at block off Uruguay to back farmout process targeted for mid-2025

Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) is carrying out a data reprocessing program at a shallow water exploration block off the coast of Uruguay, expected to back a formal farm-out process anticipated to commence in mid-2025. A program of reprocessing work is unde

about 1 year ago

Exploration & Production

Enova backs Norwegian shipping with investment in hydrogen production projects

To springboard the use of hydrogen in the Norwegian maritime industry, Enova has awarded over NOK 777 million ($70.92 million) to five hydrogen production projects.

about 1 year ago

Exploration & Production

Production sharing contracts inked for two shallow-water blocks offshore Gabon

The partners behind two exploration blocks in shallow waters offshore Gabon have signed production sharing contracts (PSCs) with the country’s Petroleum Minister and Minister of Economy.

about 1 year ago

Exploration & Production

Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast

UK-headquartered energy giant Shell has paused certain drilling operations and began transferring non-essential personnel to shore from its Gulf of Mexico assets amid disturbance likely to become a hurricane. Shell reported on Monday, November 4, that it had started transferring non-essential person

about 1 year ago

Deepsea Mira rig; Source: Odfjell Drilling

Exploration & Production

TotalEnergies embarks on high-impact exploration drilling ops offshore Namibia

TotalEnergies has kicked off drilling activities at an exploration well close to previously made light oil discovery in the prolific Orange Basin off the coast of Namibia with a semi-submersible rig owned by Northern Ocean and managed by Odfjell Drilling.

about 1 year ago

Exploration & Production

Wheels up to change rules of oil & gas game in UK waters while windfall tax hike gets green light

The United Kingdom (UK) plans to embark on consultations to come up with new environmental guidance for offshore oil and gas projects in the aftermath of the recent Supreme Court ruling.

13 minutes read

Exploration & Production

OCP and Engie eye green hydrogen and ammonia collaboration

OCP Group and Engie have taken a step towards launching several projects in renewable energy, energy storage, green hydrogen and ammonia, power infrastructure and sustainable desalination.

about 1 year ago

Stena Forth drillship; Source: Stena Drilling

Exploration & Production

Stena Drilling drillship comes to spud Chevron’s prospect in West Mediterranean as Egypt anticipates oil & gas growth with further exploration

Stena Drilling has brought one of its drillships back to Egyptian waters to embark on a drilling assignment with Chevron in the mostly unexplored West Mediterranean (West Med) blocks off the coast of Egypt.

about 1 year ago

Chevron's Anchor deepwater project in Gulf of Mexico; Source: Chevron

Exploration & Production

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips get their hands on total profits of more than $29 billion

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have posted strong sets of results even though they collected around $4.7 billion less in combined profit during th

14 minutes read

Exploration & Production

NOC’s enlargement of its share in ExxonMobil’s project enables Chevron to get more LNG

Kumul Petroleum Holdings Limited (KPHL), the national oil company (NOC) of Papua New Guinea, has put the finishing touches on its acquisition of an additional stake in ExxonMobil’s liquefied natural gas (LNG) project located in Oceania.

about 1 year ago

Exploration & Production

Vast and GGS Energy to collaborate on methanol production in US

Vast Renewables has signed a development services agreement with GGS Energy to pursue methanol production in the Southwest United States (U.S.).

about 1 year ago