Eni has made a new oil discovery in an exploration well located in Block 7 in the Sureste Basin off Mexico, using Valaris’ semi-submersible rig.
BW Energy is preparing for the closing of the acquisition of two clusters in the Espírito Santo Basin offshore Brazil.
Shell has taken a final investment decision (FID) for a deepwater project in the U.S. Gulf of Mexico (GOM).
Equinor spent two days in court two weeks ago, tackling the court scrutiny over the development of its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador, as Ecojustice set out to overturn the government’s approval for this $12-billion project. The outcome of this chall
Shell remains the world’s most valuable oil and gas brand for the ninth consecutive year, however, Aramco is closing the gap.
UK’s Prax Exploration & Production has reached an agreement with compatriot Hurricane Energy for the acquisition of the North Sea-focused company for approximately £249 million. Hurricane Energy is focused on fractured basement reservoirs offshore West of Shetlands on the UK Continental Shelf and ho
After completing the planned four-yearly topsides maintenance programme for an FPSO operating at a field in the Timor Sea off Australia, Jadestone Energy has found some inconsistencies in standard fittings, thus, the firm is working on fixing these issues.
Wood Mackenzie believes permitting reform could be part of the solution to the strains created by rapid growth in renewables.
Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.
Canada’s oil and gas player Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.
Equinor has secured a drilling permit from Norway’s authorities for an exploration well in the Norwegian Sea, which will be drilled using one of Odfjell Drilling’s rigs.
Equinor has made a new oil and gas discovery near the Fram field in the North Sea off Norway, using an Odfjell Drilling-owned rig. This is Equinor’s eighth discovery in the area since 2019.
