TotalEnergies has made up its mind to pull out of several blocks off the coast of South Africa after its partner in one of these blocks decided to do the same.
Technip Energies has completed all its contractual obligations for the second phase of an offshore oil field in the Arabian Gulf, 30 km northwest of Abu Dhabi, UAE.
With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.
Borr Drilling has won a series of new contracts, extensions, and potential assignments for three premium jack-up rigs, covering 1,779 days and bringing $332 million in contract revenue, including mobilization and demobilization compensation.
Jadestone Energy has inked a small field asset (SFA) cluster PSC offshore Peninsular Malaysia with an affiliate of Petronas.
Crown LNG Holdings has picked a partner for the design and engineering of its planned FSRU import terminal in Scotland’s Firth of Forth.
ConocoPhillips has disclosed two long-term strategic agreements, enabling it to supply liquefied natural gas (LNG) to the European and Asian markets from 2027.
GTT has disclosed its semi-annual results, identifying higher revenues as one of the reasons for a two-fold growth in net income.
Archer has got its hands on a new long-term platform drilling assignment with Equinor for platform drilling services off the coast of Brazil.
Transocean has landed multi-million contracts and extensions in the U.S. Gulf of Mexico, Norway, Australia, and Brazil for seven floaters, encompassing four drillships and three semi-submersible rigs.
In pursuit of further growth and diversification, Helmerich & Payne (H&P) has embarked on a business combination with KCA Deutag.
Equinor has maintained a stable net profit in Q2 2024, with a drop quarter on quarter but a slight increase compared to the same period 2023.
Canada’s Trillion Energy has shared the latest information on the flow rates and well perforations at its gas field off the coast of Türkiye.
A 2017-built FPSO, destined to work on a redevelopment project in the North Sea, will spend up to a year in Scapa Flow, according to Orkney Harbour Authority.
