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Exploration & Production

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MOPU TSEVEN SHIRLEY; Source: T7 Global
Exploration & Production

Brand-new MOPU ready to set sail for Asian offshore oil field

T7 Global has unveiled its new mobile offshore production unit (MOPU) at a grand naming ceremony held at the grounds of China State Shipbuilding Corporation Beihai Shipyard in Qing Dao, China.

about 2 years ago
Mike Wirth, Chevron’s Chairman and CEO; Source: Chevron
Exploration & Production

Chevron’s CEO: Oil & gas go hand in hand with low-carbon solutions

Chevron’s Chief Executive Officer (CEO) is adamant that the world needs more oil and gas alongside low-carbon solutions.

about 2 years ago
Prelude FLNG; Source: Shell
Exploration & Production

With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

11 minutes read
Cygnus gas field in the southern North Sea; Source: Neptune Energy
Exploration & Production

Eni and Vår Energi enrich their portfolios by taking over Neptune’s oil & gas business

Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.

about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Exploration & Production

BP, Shell, TotalEnergies, and Equinor among recipients of second license batch in UK’s 33rd oil & gas round

The NSTA has offered 24 licenses across 74 blocks and part-blocks, which are situated in the Central North Sea, Northern North Sea, and West of Shetland areas.

about 2 years ago
North Sea operator picks Scottish firm for P&A campaign
Exploration & Production

North Sea operator picks Scottish firm for P&A campaign

Scottish well intervention and plug and abandonment (P&A) solutions provider Oilenco has won a contract to deliver engineering and manufacturing services for what it says is a “major North Sea operator”. The contract will see Oilenco provide well intervention and downhole equipment throughout a 52-w

about 2 years ago
Statfjord C platform; Credit: Harald Pettersen/Equinor
Exploration & Production

With stakes in North Sea oil & gas fields, Longboat JAPEX adds first producing assets to its portfolio

Longboat JAPEX Norge has brought an acquisition to an end, enabling it to get its hands on its initial producing assets offshore Norway.

about 2 years ago
QatarEnergy
Exploration & Production

QatarEnergy dishes out $6 billion to boost production at Qatar’s largest oil field

QatarEnergy has handed out four multi-billion-dollar engineering, procurement, construction, and installation (EPCI) contract packages to multiple players in a bid to propel forward the next development phase of Qatar’s largest offshore oil field.

about 2 years ago
Illustration; Source: Transport & Environment
Exploration & Production

Seven NGOs urge Europe to set coal, oil, and gas phase-out dates

A coalition of seven NGOs has sent a letter, encouraging the European Commission to list fossil fuel phase-out dates within the roadmap for Europe’s 2040 target.

about 2 years ago
Peregrino C platfrom is part of Peregrino Phase 2 development; Credit: Ricardo Santos - Equinor
Exploration & Production

SLB and Equinor come closer to fully autonomous drilling with ‘exciting milestone’ off Brazil

SLB and Equinor have made inroads in bringing fully autonomous drilling operations to life while drilling a well section off Brazil.

about 2 years ago
West Capella drillship; Source: Mubadala Energy
Exploration & Production

With new batch of drillship deals, Seadrill reels in $97.5 million

Seadrill has disclosed a new contract award and extension, totaling approximately $97.5 million in value, for two drillships.

about 2 years ago
Illustration; Source: Eni
Exploration & Production

Eni’s CEO portrays UK as ‘primary’ investment playground for gas, renewables, and CCS pursuits

Eni’s CEO describes the UK as a top investment destination not just for natural gas but also for renewable energy, and carbon capture and storage (CCS).

about 2 years ago
Barossa concept; Source: Santos
Exploration & Production

Australia’s oil & gas industry throws its support behind calls to cut taxpayer funding for activist group

Many have publicly denounced their support for a taxpayer-funded NGO that takes legal action over climate change and environmental issues.

about 2 years ago
COSL Promoter; Source: COSL Drilling
Exploration & Production

Norwegian oil & gas firm gearing up to spud North Sea wildcat with COSL rig

Wellesley Petroleum has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 2 years ago
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