The Australian energy crisis highlights the challenge of finding the balance between energy security and net-zero goals, says Wood Mackenzie.
The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.
PGNiG has started drilling a gas prospect located in the Norwegian Sea, using a rig managed by Odfjell Drilling.
Houston-headquartered Helix Energy Solutions has acquired interest and operatorship in a field in the Gulf of Mexico.
Offshore drilling contractor Valaris has revealed that one of its jack-up rigs is heading to Trinidad to work for oil major BP.
Enauta has initiated a preventive interruption of production at a field offshore Brazil after detecting issues with the hose.
Norwegian oil and gas company Aker BP will invest NOK 150 billion or over $15 billion in development projects on the Norwegian continental shelf over the next five to six years.
Aker BP has completed has concluded the drilling of a wildcat well in the Norwegian Sea but failed to find hydrocarbons.
During the past six months, China’s CNOOC has ramped up its hydrocarbon production and doubled its net profit.
Northern Ocean has secured a contract award from Shell for operations in Namibia, where the major made an oil discovery earlier this year.
FAR has consolidated its ownership of two Gambian blocks and is looking for partners to fund the exploration programme for these blocks.
Oil and gas company Neptune Energy has made a minor oil discovery near its operated Gjøa field in the North Sea off Norway.
Aker BP has picked Rosenberg Worley to construct two models for the new central platform on a field in the North Sea.
Equinor will continue its Bay du Nord procurement processes, including options such as the recent expression of interest for FPSO Topside Engineering and Procurement for FEED, with an option for execution.
