Norway’s state-owned energy giant Equinor has brought on stream the Breidablikk field in the Norwegian sector of the North Sea four months ahead of schedule. The Breidablikk field, which commenced production on October 20, holds almost 200 million barrels of recoverable oil. Its plateau production i
Brazilian state-owned oil and gas giant Petrobras has broken its quarterly record of operated oil and gas production in the third quarter of this year, reaching 3.98 million barrels of oil equivalent (boe) per day, 7.8% above the previous quarter. Petrobras also reported that it had reached a monthl
Dana Petroleum, the UK subsidiary of Korea National Oil Corporation (KNOC), has discovered high-quality gas in the North Sea through exploratory drilling in the 42/27 exploration block. Dana Petroleum acquired a 50% stake in block 42/27 in the southern North Sea through international bidding in 2020
Energy company Statkraft has joined counterpart Aker Horizons as a partner on the large-scale green hydrogen and ammonia project in Narvik, Norway. The Narvik plant has a planned capacity of up to 600 MW and is said to be one of the first large-scale plants for green ammonia in Europe, with an expec
Vietnam’s Petrovietnam Drilling and Well Service Corporation (PV Drilling) has commenced a drilling program for Northern Gulf Petroleum in the Gulf of Thailand. PV Drilling’s 2007-built jack-up rig PV DRILLING I started to perform the drilling program at Block G6/48, Rossukon conventional oil field,
ConocoPhillips has started production from a cross-border field in the North Sea six months ahead of schedule, ensuring more Norwegian gas for the energy market.
Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.
Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.
New report warns that restrictions on oil & gas vessels in the Gulf of Mexico will undermine U.S. energy security and hamper economic growth.
Enauta has changed the timeline for the restart of production from an FPSO vessel, which is working on a field off Brazil.
Bumi Armada has received the American Bureau of Shipping’s approval in principle (AIP) for a new FLNG infrastructure solution.
OEUK has revealed in a new report that Britain’s offshore oil and gas industry has curbed its emissions footprint by 24% compared to 2018.
ExxonMobil is in the process of acquiring Pioneer Natural Resources in an all-stock transaction, which will expand its U.S. footprint.
DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.
