ConocoPhillips has sold its oil and gas assets in Indonesia for $1.35 bln to Medco Energi in a bid to amass more clean energy sources.
Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.
Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid fears about the impact of Russia’s attack on Ukraine and the resulting sanctions.
Aibel has completed the construction of the second P2 processing platform for the Equinor-operated Johan Sverdrup project located off Norway.
Following the footsteps of the European giants, U.S. major ExxonMobil is also looking to exit its position from a project in Russia.
Following repairs, Jadestone Energy has restored full production at the Montara field, located in the Timor Sea off Australia.
In response to Russia’s attack on Ukraine, the U.S. and 30 countries have committed to releasing 60 million barrels of oil from strategic reserves.
Vaalco’s activities offshore Gabon, which are related to field reconfiguration and replacement of an FPSO with an FSO, are still on schedule.
Shell has joined BP and Equinor in a decision to exit Russia-related businesses following Russia’s attack on Ukraine.
Serica has stopped production from a field located in the UK North Sea for repair and replacement following a subsea control module issue.
Japan Drilling Co. (JDC) has secured a new contract for one of its jack-up rigs for operations offshore Indonesia.
Santos is securing its well, currently being drilled off Australia, and down-manning the rig due to potential cyclone activity in the area.
Chariot has expanded its footprint offshore Morroco with a new licence, capturing prospective acreage around its Anchois gas discovery.
Enauta has exercised its option to add two more wells to its contract for a drilling rig chosen for ops on its Atlanta field, off Brazil.
