Africa-focused energy company Tower Resources has completed an institutional placing of up to $6 million from which proceeds will be used to fund work program commitments for the company’s licenses in Cameroon, Namibia and South Africa. Tower Resources completed an institutional placing to Energy Ex
The U.S. stepped up its game last week and recorded an increase in the number of offshore rigs to 19, based on Baker Hughes’ weekly rig count report.
Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field offshore Nigeria.
So far, global net-zero ambitions have not been supported with an actual plan beyond setting expectations by a certain date and the world cannot solve its environmental and climate change problem without being realistic about the solution, according to Saad Sherida Al-Kaabi, the Minister of State fo
Petrobras has revealed that an FPSO, currently producing oil and gas at a field off Brazil, has reached its maximum production capacity.
Following the decision to extend the lifetime of the field, Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has updated the most likely recoverable oil, contingent gas and natural gas liquid (NGL) resources estimate for the White Rose Field. Canada’s Cenovus Energy, the company b
TotalEnergies has approved a final investment decision for an oil development project in the Santos Basin, 300 km off the coast of Brazil.
U.S.-headquartered energy giant Chevron has made a new gas discovery in the Eastern Mediterranean Sea, offshore Egypt.
It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.
An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.
Houston-based oil and gas service company Trendsetter Engineering has secured a contract to support the development of Beacon Offshore Energy’s project located in the Gulf of Mexico. Under the multi-year rental and servicing agreement, Trendsetter will provide a 20,000 psi subsea well intervention p
BP has handed out a long-term deal for well engineering services across its global operations to THREE60 Energy.
Aker BP has started drilling an exploration well in the North Sea off Norway, using one of Saipem’s semi-submersible rigs.
