UK-based oil and gas company NEO Energy is buying JX Nippon Exploration and Production (U.K.) Limited for about $1.7 billion.
BP has started production at the Platina field, located in the Angolan offshore, approximately 140 kilometres northeast of Luanda.
Seadrill has been awarded two contracts worth $549 million by Petrobras for the work on the Búzios field offshore Brazil.
OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.
Offshore oil and gas exploration projects are expected to double the growth of well intervention market, as operators seek to increase production from existing fields.
President Biden ordered the release of oil from the nation’s Strategic Petroleum Reserve in an effort to address rising gas prices.
Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.
Trinity has disclosed its farm-down plans, following the MEEI’s approval of its FDP for the Galeota project, off the East Coast of Trinidad.
Based on Baker Hughes’ weekly rig count report, the number of offshore rigs in the U.S. remained unchanged at 15 for two weeks in a row.
Western Gas has executed the formal contract with Valaris for the MS-1 semi-submersible rig to drill an exploration well off Australia.
Upstream oil and gas company Serica Energy has started production from its Columbus field, located in the Central North Sea.
Neptune Energy has completed the installation of the manifold and umbilical for the Seagull project in the UK Central North Sea.
Shelf Drilling has received an award for a three-year contract with ONGC for offshore operations in Indian waters.
After being awarded an extension on the Walton Morant licence in Jamaica, United Oil & Gas will be moving forward with its farm-out campaign.
