There is a reason why we speak of energy transition instead of energy revolution. It is a process in which we gradually phase out fossil fuels
Qatar Petroleum has warned that depriving the oil & gas sector of new investments amid energy transition could result in big spikes in prices.
Hurricane Energy is looking to shorten the bareboat charter term for Bluewater’s FPSO Aoka Mizu due to significant financial obligations.
Russian energy firms Novatek and Gazprom Neft have formed an exploration and production joint venture which will focus on developing a license in the East Siberian Sea and the Chukchi Sea.
Talos Energy has completed drilling operations on the Tornado 3 sidetrack well, in the U.S. Gulf of Mexico, which successfully discovered pay.
Following the arrival of a jack-up rig, Trident Energy is gearing up to drill three wells at its operated field located off Equatorial Guinea.
Karoon has exercised an option to add two wells at the Patola field offshore Brazil to the work scope of a Maersk Drilling-owned rig.
Japan’s FPSO operator MODEC has firmed up a contract award with Equinor to deliver one of the largest FPSOs ever delivered to Brazil.
Australia’s Karoon has taken the Final Investment Decision to proceed with the development of the Patola project located offshore Brazil.
The Norwegian Petroleum Directorate (NPD) has granted OMV a drilling permit for a well in the North Sea offshore Norway.
McDermott has completed work on Reliance Industries’ KG-D6 Satellite Cluster Project, off the east coast of India.
U.S. President Joe Biden has suspended oil and gas leases in the Arctic National Wildlife Refuge, reversing former President Trump’s decision.
Neptune Energy has announced the digitisation of five of its operated offshore platforms in the Dutch, Norwegian, and the UK North Sea.
Repsol has agreed to sell its E&P assets in Malaysia and a block in Vietnam to a fully-owned subsidiary of Malaysia’s Hibiscus Petroleum.
