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Oil & Gas

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Fossil EnergyFPSO & VesselsBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionLow-Carbon TransitionTransitionAuthorities & GovernmentProduction & ProcessingSubseaOutlook & StrategyProject & TendersRigsLiquefied Natural GasMarket OutlooksInfrastructureVesselsCollaborationPorts & LogisticsResearch & DevelopmentCarbon Capture Usage & StorageRegulation & PolicyEnvironment
FPSO Norne; Source: Equinor
Oil & Gas

Vår Energi offloads stakes in five oil & gas fields for $51 million and DNO’s interest in its operated asset

Vår Energi has struck a deal with DNO Norge to divest its interests in five oil and gas fields in the Norwegian Sea.

about 2 years ago
FPSO Maria Quitéria; Source: Yinson Production
Oil & Gas

Yinson Production’s third Brazil-bound FPSO is on its way to South America (Gallery)

Yinson Production has confirmed the departure of an FPSO vessel from a Chinese shipyard.

about 2 years ago
Illustration; Credit: Morten Berentsen/NOD
Oil & Gas

More ‘attractive’ offshore oil & gas acreage up for grabs in Norway’s new licensing round

Norway’s Ministry of Petroleum and Energy has set in motion the Award in Pre-Defined Areas 2024 (APA 2024) round for further exploration activity.

about 2 years ago
accelerate the subsea tieback delivery to aging platforms
Oil & Gas

OKEA appoints Subsea7 and SLB to ‘accelerate subsea tieback delivery to aging platforms’

Following a recent long-term strategic agreement with Norway’s state-owned energy giant Equinor, SLB OneSubsea and Subsea7’s Subsea Integration Alliance has secured a contract with Norwegian oil & gas company OKEA for its North Sea field. The “sizeable” integrated engineering, procurement, construct

about 2 years ago
Noble Voyager drillship; Source: Noble Corporation
Oil & Gas

Noble CEO: Floaters to keep on reaping the benefits of offshore drilling market’s ‘multi-year uptrend’

Noble Corporation is feeling buoyant over the future opportunities for its rig fleet, especially the floater segment.

about 2 years ago
Atlantis platform in the Gulf of Mexico; Source: BP
Oil & Gas

BP’s profit plunges to $2.7 billion amid oil & gas price headwinds

BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices.

about 2 years ago
Illustration; Source: Incat Crowther
Oil & Gas

Senegalese player taps Australian-Singaporean shipbuilding duo to build vessel for its emerging offshore energy sector

Senegal’s O3S has commissioned Incat Crowther and Penguin International to build a new FSV to service the country’s offshore energy sector.

about 2 years ago
Port of Gdańsk; Source: Gaz-System
Oil & Gas

MOL and Gaz-System shake hands on deal for Poland’s first FSRU

Poland’s Gaz System has signed a long-term TCP agreement for a FSRU with a subsidiary of Japan’s shipping major Mitsui O.S.K. Lines (MOL).

about 2 years ago
Illustration; Source: MODEC
Oil & Gas

Japanese duo carries out GHG emissions quantification project at MODEC’s Brazilian FPSO pair

MODEC and JGC Corporation have wrapped up a project aimed at measuring and quantifying emissions of methane and other greenhouse gases (GHG).

about 2 years ago
Illustration; Source: Amplus VG Energy
Oil & Gas

Three players unlocking West Africa’s ‘lucrative’ undeveloped oil & gas reserves

Carbon Circle has joined forces with Amplus VGE to target marginal oil and gas fields in West Africa to bring their full untapped potential to the fore.

about 2 years ago
Scarabeo 8 rig; Source: Saipem
Oil & Gas

Aker BP embarking on drilling ops with Saipem rig in Norwegian waters

Aker BP has secured a drilling permit from Norway’s authorities for two exploration wells in the Barents Sea.

about 2 years ago
Illustration; Source: CNOOC
Oil & Gas

First gas flows from CNOOC’s development project in Bohai Sea

China’s oil and gas giant CNOOC Limited has brought on stream a gas project in the Bohai Sea off the coast of China.

about 2 years ago
ClientEarth lawyers, Sam Hunter Jones and Sophie Marjanac, outside the High Court on the first day of the hearing; Source: ClientEarth
Oil & Gas

New legal challenge yields same result: UK going back to the drawing board with net zero plan deemed ‘unlawful’

Another court battle over the UK government’s climate plans has crossed the finish line, with the court ruling against Britain’s net zero plan.

about 2 years ago
Elgin Franklin; Source: Ithaca Energy
Oil & Gas

TotalEnergies hands out work to Wood in North Sea

Wood has won a new decarbonization contract with TotalEnergies E&P UK for a flare gas recovery project in the UK sector of the North Sea.

about 2 years ago
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