Oil and gas company Aker Energy is looking to revive its Pecan field development offshore Ghana, after terminating its agreement with Yinson for the provision of an FPSO for the project.
The worldwide offshore rig count in May 2020 dropped 54 rigs year-over-year and 37 rigs sequentially, according to rig count reports by Baker Hughes.
Mexico’s Grupo R has received an early termination of a drilling contract with Hokchi Energy due to the current market situation.
Gulf of Mexico operators are removing workers from its offshore assets and ramping down production due to an incoming tropical storm.
Shell and Cluff Natural Resources remain committed to drilling the Pensacola and Selene prospects, located off the UK, despite the coronavirus pandemic.
Archer has been awarded the fishing, milling & wellbore cleaning services for Repsol Norge on the Gyda platform located offshore Norway.
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.
BP has signed an agreement with Houston-based software firm Bluware to improve quality and speed of seismic interpretations. Large seismic data sets are difficult to move and use in workflows and also time consuming to interpret. InteractivAI, powered by Bluware Volume Data Store (VDS) cloud-native
Seadrill booked a huge loss in the first quarter of the year due to impairment charges amid a significant reduction in global oil demand.
Rex International’s 90 per cent subsidiary, Lime Petroleum, has completed the acquisition of a 15 per cent stake in two Ineos’ Norwegian Sea licenses.
Petrofac has secured a well management contract for Phase 1 of Independent Oil and Gas’ (IOG) Core Project located off the UK.
The number of active offshore rigs in the U.S. remained flat at 12 units for the second week running, according to the latest weekly rig count report by Baker Hughes.
Canada has the highest carbon emission intensity per barrel of oil equivalent produced, while Norway has the lowest, a Rystad Energy analysis shows.
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority (PSA) for plugging and removal work at the Valhall drilling platform using the Maersk Invincible drilling rig.
