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Exploration & Production

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Deep dive: What's in store for Valaris rigs?
Exploration & Production

Deep dive: What’s in store for Valaris rigs?

An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.

about 3 years ago
Low-carbon investments set to hit $620 billion in 2023, Rystad says
Exploration & Production

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago
Beacon gives out another contract for Gulf of Mexico project
Exploration & Production

Beacon gives out another contract for Gulf of Mexico project

Houston-based oil and gas service company Trendsetter Engineering has secured a contract to support the development of Beacon Offshore Energy’s project located in the Gulf of Mexico. Under the multi-year rental and servicing agreement, Trendsetter will provide a 20,000 psi subsea well intervention p

about 3 years ago
BP picks UK firm for global well engineering services
Exploration & Production

BP picks UK firm for global well engineering services

BP has handed out a long-term deal for well engineering services across its global operations to THREE60 Energy.

about 3 years ago
Saipem rig spuds North Sea prospect
Exploration & Production

Saipem rig spins the drill bit at North Sea prospect

Aker BP has started drilling an exploration well in the North Sea off Norway, using one of Saipem’s semi-submersible rigs.

about 3 years ago
South America to stay 'key region for high-impact exploration', Westwood says in 2023 outlook
Exploration & Production

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago
Shell unveils five energy sector trends to watch in 2023
Exploration & Production

Shell unveils five energy sector trends to watch in 2023

Shell lists five trends in its energy outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon.

about 3 years ago
CNOOC bringing multiple oil & gas projects online in 2023 while bolstering transition to low-carbon and green energy
Exploration & Production

Multiple oil & gas, low-carbon and green energy projects on CNOOC’s agenda for 2023

CNOOC plans to ramp up oil and gas production in 2023 while advancing its transition to low-carbon and renewable energy.

about 3 years ago
UK oil & gas firm gets green light for Angolan offshore blocks
Exploration & Production

UK oil & gas firm gets green light for Angolan offshore blocks

UK-headquartered Afentra plc has received approval from the Angolan Ministry of Mineral Resources, Oil and Gas for the acquisition of INA-Industrija Nafte’s interest in two blocks offshore Angola. Afentra is acquiring from INA-Industrija a 4 per cent interest in Block 3/05 and a 4 per cent interest

about 3 years ago
Shell makes headway in global digitalisation of its ops with Kabal’s software
Exploration & Production

Shell makes headway in global digitalisation of its ops with Kabal’s software

UK-headquartered energy giant Shell has advanced its digitalisation journey through a global agreement with Kabal.

about 3 years ago
Noble, Halliburton and Odfjell forge rig alliances with Aker BP for five years of drilling ops
Exploration & Production

Noble, Halliburton and Odfjell forge five-year rig alliances with Aker BP for drilling ops

Aker BP has entered into drilling and wells alliance agreements with Noble, Odfjell and Halliburton for drilling activities on the NCS.

about 3 years ago
Scotland on mission to become ‘renewables powerhouse’ contemplates policy for no new oil & gas exploration
Exploration & Production

Scotland on mission to become ‘renewables powerhouse’ contemplates no new oil & gas policy

The Scottish government has released a draft energy strategy, which aims to shape the country’s next 25 years of energy production.

about 3 years ago
UK oil & gas player getting rid of two ‘non-core’ North Sea discoveries
Exploration & Production

UK oil & gas player getting rid of two ‘non-core’ North Sea discoveries

Orcadian Energy has entered into a non-binding heads of agreement with Rapid Oil to dispose of its interests in two North Sea discoveries.

about 3 years ago
Trillion Energy plans more wells at Black Sea gas field
Exploration & Production

Trillion to boost production at Black Sea gas field with additional wells

Trillion Energy is planning to add three sidetrack wells to the development program for the SASB gas field, increasing the total number of wells at the Black Sea project from 17 to 20. Trillion Energy said it had identified several additional opportunities to increase production at the SASB gas fiel

about 3 years ago
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