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Oil & Gas

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Illustration; Source: TotalEnergies
Oil & Gas

TotalEnergies achieves ‘robust’ multi-billion profit while balancing energy transition scales

TotalEnergies has managed to tuck strong financial and operating results for the fourth quarter and full year 2023 under its belt.

about 2 years ago
Sweden closes investigation on Nord Stream pipeline incident
Oil & Gas

Sweden closes investigation on Nord Stream pipeline incident

Sweden has decided to close its investigation concerning the explosions on the Nord Stream 1 and 2 gas pipelines that occurred in September 2022. Germany, Sweden and Denmark each initiated respective national investigations into the incident after four gas leaks were found on the Nord Stream 1 and 2

about 2 years ago
FPSO Akpo; Source: Sapetro
Oil & Gas

TotalEnergies puts into production another tie-back project off Nigeria

TotalEnergies has kicked off production from a field offshore Nigeria, which has been tied to an existing FPSO vessel.

about 2 years ago
Helix gets decommissioning extension at rates reflecting improved well intervention market
Oil & Gas

Helix gets decommissioning extension at rates reflecting improved well intervention market

Helix Energy Solutions has secured the extension of its decommissioning contract with Trident Energy do Brasil at rates said to be in line with the improved well intervention market. The contract extension, expected to begin in the fourth quarter of 2024, is for an additional 12 months and is in dir

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Oil & Gas

Dana Petroleum entering Shell’s North Sea license ahead of drilling ops

Deltic Energy is in the process of divesting a partial stake in a Shell-operated license to Dana Petroleum.

about 2 years ago
Shearwater platform in the North Sea; Source: Shell
Oil & Gas

Norwegian firm broadens its North Sea horizons with stake in Shell’s UK gas field

DNO has put the wheels into motion to expand its North Sea portfolio by acquiring an interest in a Shell-operated gas field.

about 2 years ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Oil & Gas

TotalEnergies doles out $199 million for lion’s share in Vantage drillship

TotalEnergies is in the process of acquiring a majority stake from Vantage Drilling International in a drillship working in Namibia.

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

Woodside and Santos multi-billion merger talks come to naught

Woodside and Santos have put an end to their discussions concerning a potential A$85.7 billion (about $55.9 billion) merger.

about 2 years ago
Oceaneering reels in $200 million in new contracts
Oil & Gas

Oceaneering reels in $200 million in new contracts

Oceaneering International has secured multiple contracts during the fourth quarter of 2023 with an anticipated aggregate revenue of approximately $200 million. The anticipated revenues from these contracts in Oceaneering’s Manufactured Products segment range in value from less than $10 million to gr

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

BP’s profit cut in half but $13.8 billion still cinched in 2023

Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.

about 2 years ago
Valaris DPS-1 rig; Source: Valaris
Oil & Gas

Valaris rig kicks off drilling ops at Woodside’s gas field off Australia

Valaris has confirmed the spudding of the first well in an eight-well campaign, which is being undertaken by one of its semi-submersible rigs.

about 2 years ago
Aras Driller jack-up rig; Source: Ocean Oilfield
Oil & Gas

1979-built jack-up rig wraps up its assignment off UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of a plug & abandonment program, which one of its jack-up rigs carried out at an offshore field in the UAE for Atlantis (UAQ) Limited.

about 2 years ago
Shearwater GeoServices goes to India
Oil & Gas

Shearwater GeoServices goes to India

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has appointed Norway’s Shearwater GeoServices to deliver an ocean bottom node (OBN) survey off the coast of India. According to Shearwater, the venture will showcase its Pearl node technology aboard the SW Tasman, a vessel

about 2 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Oil & Gas

International offshore rig count activity gets a boost in January

Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.

about 2 years ago
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