Westwood says that the UK’s tax changes could amplify the exodus of rigs from the North Sea, which is already in full swing.
PRIO has completed the acquisition of TotalEnergies’ interest in a field offshore Brazil, enabling it to take full ownership of this field.
Norway’s energy giant Equinor has completed the drilling of a wildcat well in the North Sea off Norway but failed to find hydrocarbons.
Vantage Drilling expects that the future will bring further growth in day rates and utilisation for its fleet of rigs.
The UK government has made a decision to widen the country’s gas entry specification limit, enabling more North Sea gas to enter the country’s National Transmission System (NTS).
Serica Energy has closed the acquisition of Tailwind, which has diversifying its portfolio with a new production hub while lifting the firm into the top ten UK producers.
Karoon Energy has kicked off production from a well located on a field offshore Brazil, with first production rates surpassing expectations.
Singapore-headquartered oil and gas production company Jadestone Energy has restarted production from an FPSO operating at a field in the Timor Sea offshore Australia. Following what the company describes as a “carefully planned restart program”, production recommenced from the Montara Venture FPSO
Hess Corporation has opted to implement digital wells using a well construction suite from a compatriot oilfield services giant, Halliburton.
France’s TotalEnergies has decided to step up its investments in low-carbon energies to $5 billion in 2023.
Africa Oil is setting the wheels into motion to undertake exploration activities in Block 3B/4B in the Orange Basin off South Africa.
Valeura has wrapped up the acquisition of upstream oil producing assets from Mubadala Petroleum’s subsidiary, Busrakham Oil and Gas.
Norwegian offshore safety regulator has given Equinor consent to use one of Floatel’s semi-submersible accommodation and construction support vessels at a North Sea field off Norway.
Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.
