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Oil & Gas

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Fossil EnergyRigsBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionLiquefied Natural GasCollaborationOutlook & StrategyProject & TendersOperations & MaintenanceEnvironmentLow-Carbon TransitionVesselsSubseaAuthorities & GovernmentCarbon Capture Usage & StorageMarket OutlooksRegulation & PolicyRules & RegulationTransitionHydrogenTransport & Storage
COSL Prospector rig; Source: COSL
Oil & Gas

Unfavorable price environment makes new gas discovery unprofitable

Vår Energi has found more gas in the Barents Sea, thanks to the drilling operations, which were conducted with one of COSL Drilling Europe’s semi-submersible rigs off the coast of Norway.

about 1 year ago
A rig offshore
Oil & Gas

Botswana’s LNG to provide ‘energy lifeline’ for impending gas shortage in South Africa

Botala Energy, an Australian energy company focused on exploration and development opportunities for natural gas and renewables in Botswana, has signed a non-binding memorandum of understanding (MoU) with NOVO Energy, a Southern African gas distributor, to jointly develop a liquefied natural gas (LN

about 1 year ago
Borr Galar and Borr Njord; Photo credit: GPO Heavylift
Oil & Gas

Three Borr rigs hit the brakes on drilling ops in North America as new suspension comes

Borr Drilling has confirmed a temporary suspension of operations notice for a jack-up rig trio working off the coast of Mexico, North America.

about 1 year ago
An offshore platform
Oil & Gas

Trillion completes Black Sea tubing ops, well stimulation coming up next

Canada’s oil and gas player Trillion Energy is preparing to boost gas production at its field offshore Türkiye using nitrogen after completing velocity string (VS) operations.

about 1 year ago
Rendering of an LNG terminal
Oil & Gas

$175M loan secured for NextDecade’s mega LNG project in Texas

Rio Grande LNG Super Holdings, a wholly-owned subsidiary of Houston-headquartered energy player NextDecade Corporation, has entered into a credit agreement with General Atlantic Credit’s Atlantic Park Fund. The loan will be put towards financing trains 4 and 5 at the liquefied natural gas (LNG) expo

about 1 year ago
Illustration; Source: KCA Deutag
Oil & Gas

Helmerich & Payne-KCA Deutag merger establishes driller with ‘robust geographic and operational mix‘

U.S.-headquartered rig technologies and drilling solutions player Helmerich & Payne (H&P) has wrapped up its business combination with KCA Deutag.

about 1 year ago
Vela drillship (former West Vela); Source: Diamond Offshore, now part of Noble Corporation
Oil & Gas

Seadrill drillship strikes oil & gas in US Gulf of Mexico enabling Talos to eye production start-up next quarter

Talos Energy has made a new oil and natural gas discovery in the U.S. Gulf of Mexico, thanks to its ongoing drilling activities with a drillship owned by Seadrill.

about 1 year ago
Deepsea Bollsta rig; Source: Equinor
Oil & Gas

Chevron ends in the same boat as Shell with no commercial hydrocarbons off Namibia

Chevron has drilled an exploration well in the Orange Basin off the coast of Namibia, which did not yield any commercial hydrocarbon quantities.

about 1 year ago
Large vessel at sea
Oil & Gas

Japanese giant christens one LNG carrier and takes order for another

Japan’s shipping giant Mitsui O.S.K Lines (MOL) has named a liquefied natural gas (LNG) carrier to be chartered by TotalEnergies Gas & Power Limited (TGPL), a subsidiary of French energy firm TotalEnergies. Additionally, the firm signed a long-term charter contract for a LNG newbuild with compatriot

about 1 year ago
Ksi Lisims LNG concept; Source: Western LNG
Oil & Gas

Multimillion-dollar investment smoothing the way for Canada’s $9 billion LNG megaproject to reach FID

Canada’s proposed 12-million-tonne-per-year liquefied natural gas (LNG) project on Pearse Island at the northwest coast of British Columbia (B.C.) is off to a great start in 2025 with new equity funding in place to fully support remaining development activities through to a final investment decision

about 1 year ago
An offshore platform
Oil & Gas

Trident kicks off the new year with fresh Congo acreage

UK-headquartered oil and gas company Trident Energy has completed the acquisition of Chevron’s Congolese subsidiary and its in-country assets and a working interest in two fields from TotalEnergies off the coast of Congo.

about 1 year ago
Illustration; Source: Westwood
Oil & Gas

$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based o

about 1 year ago
Gjøa; Source: Vår Energi
Oil & Gas

‘Great’ oil & gas exploration appetite bears fruit as Norway awards 53 new production licenses

As part of the award in the pre-defined areas 2024 (APA 2024) round, Norway’s Ministry of Petroleum and Energy has offered 53 production licenses to 20 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS).

about 1 year ago
Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Oil & Gas

UK’s ‘largest’ gas and hydrogen energy storage project on track for FID in 2025

EnergyPathways has made progress in making its proposed large-scale energy storage project in the East Irish Sea ready for a final investment decision (FID) later this year by securing operatorship for a block encompassing the project and picking a compatriot contractor to handle engineering study f

about 1 year ago
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