Westwood looks into the conundrum concerning the cashflow and capex of five supermajors: BP, Shell, Chevron, ExxonMobil and TotalEnergies.
Norwegian state-owned energy giant Equinor has awarded TechnipFMC with contracts for the delivery of subsea production systems for two of its development projects located in the Norwegian Sea. The contracts, awarded under a framework agreement with Equinor, will see TechnipFMC supply and install sub
In a bid to reduce its carbon footprint and improve energy efficiency, Diamond Offshore, has teamed up with Norway’s Stepwise.
Energean Egypt and Shell Egypt have entered a Memorandum of Understanding (MoU) to explore a mutually beneficial decarbonisation solution. According to Energean, the MoU is designed to support the decarbonisation and the energy transition of the Arab Republic of Egypt, contributing to global efforts
The U.S. Energy Information Administration (EIA) has lowered the U.S. natural gas price forecast for this year.
France-headquartered Bourbon and Canada’s Horizon Maritime have established a new company with a base fleet of seven vessels dedicated to providing marine services and operations with a focus on the North Sea and Canadian offshore markets. Incorporated in Norway, Bourbon Horizon is strategically pos
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the Norwegian Sea.
The Norwegian Petroleum Directorate (NPD) has granted Equinor consent for the extended use of the subsea facility on the Mikkel field in the Norwegian Sea for another five years. Mikkel lies on the Halten Bank, 35 kilometers south of the Midgard deposit in the Åsgard license. It produces through the
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
Offshore drilling contractor Aquadrill, formerly known as Seadrill Partners, has secured a new contract for one of its rigs offshore Thailand.
Japan’s oil and gas producer Inpex has secured two offshore hydrocarbon exploration licenses in Malaysia’s latest bid round. Inpex reported on 15 February that it had executed production sharing contracts (PSC) with Petroliam Nasional Berhad (Petronas), Petronas Carigali Sdn. Bhd. (PCSB) and Petrole
Norwegian state-owned energy giant Equinor has completed the drilling of an appraisal well in the North Sea but failed to find hydrocarbons.
UK-based Capricorn Energy has dropped the previously announced merger agreement with Israel’s NewMed Energy, following board changes.
Rystad Energy, an energy intelligence group, predicts that fossil fuel emissions will peak within two years prior to fitting into the pattern of steady decline.
