PRIO has made a payment of almost $2 billion for the acquisition of Petrobras’ entire stake in a deepwater field off Brazil.
Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.
Ramping up storage of natural gas and hydrogen is seen as a solution to both the energy crisis and energy transition.
Russian LNG producer Sakhalin Energy has surpassed its 2022 targets, producing about 11.5 million tonnes of LNG and 3.7 million tonnes of Sakhalin blend oil. According to the company, all products were delivered to the buyers on time in full compliance with the SPA terms. The major LNG markets inclu
ExxonMobil has made a significant oil discovery at the Stabroek block, fortifying its portfolio of development opportunities offshore Guyana.
A deep dive into Woodside’s recent activities related to ongoing projects and financial and operational results for 4Q 2022.
Regulator has conducted an audit of Equinor’s follow-up on the maintenance of concrete structures and tension legs on a platform off Norway.
Norwegian regulator has carried out an audit of KCA Deutag and its management of the working environment on a rig working for Equinor.
Borr Drilling has disclosed its updated 2022 and 2023 financial guidance, showing a significant improvement in both cases.
Hess Corporation has unveiled its Exploration & Production capital and exploratory budget for 2023, which will amount to $3.7 billion.
Allseas has been hired by ONE-Dyas to provide its offshore engineering expertise for a gas field development in the Dutch North Sea.
OEUK has launched a documentary, highlighting the workers, which are spearheading the UK’s energy transition to net-zero.
Europe’s imbalanced energy market combined with other factors has generated an “all-time high demand for Norwegian natural gas.”
Norway’s Ministry of Petroleum and Energy has sent a proposal for the announcement of the APA 2023 round, which includes additional blocks.
