Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.
Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.
Woodside has submitted an environment plan (EP) for drilling and subsea installation activities off the coast of Australia.
EIG is in the process of acquiring Ocyan Participações, a Brazilian-based solutions provider to the offshore oil and gas industry.
Arabian Drilling has provided an update on the upgrades to its new offshore rigs, which have been hired for drilling ops by Aramco.
Vår Energi has completed the divestment of its entire interest in a field located in the Norwegian part of the North Sea to Petrolia NOCO (Petrolia).
Seatrium has secured early refinancing of S$400 million (more than $303.13 million) from DBS Bank Limited with an option to convert to a sustainability-linked loan.
The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online.
Brazilian state-owned oil and gas giant Petrobras is set to acquire stakes in three exploratory blocks in São Tomé and Príncipe in Africa through a competitive process conducted by Shell. Petrobras reported on December 27 that its Board of Directors had approved the company’s operations in São Tomé
Offshore hydrogen project PosHydon is entering its final stage with the first hydrogen expected to be produced in the second half of 2024, René van der Meer, Head of New Energy Development at Neptune Energy, revealed during the Offshore Energy Exhibition & Conference (OEEC) 2023. PosHYdon, an initia
UK-headquartered Europa Oil & Gas has entered into a license offshore Equatorial Guinea with the acquisition of an equity interest in Antler Global. Europa Oil & Gas has acquired a 42.9% equity interest in Antler Global which holds an 80% working interest in the recently acquired and highly prospect
PGNiG Upstream Norway (PUN), part of the ORLEN Group, has signed an agreement with Wintershall Dea Norge for the swap of interests in upstream assets in Norway, a transaction that will increase PUN’s recoverable reserves of natural gas by more than 0.4 billion cubic meters. As part of the agreement,
The floating production storage and offloading (FPSO) facility destined for Woodside Energy’s Sangomar project, Senegal’s first offshore oil development, is on its way to its final destination. MODEC announced that FPSO Léopold Sédar Senghor departed Singapore and commenced its voyage towards Senega
UK-based oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of the Chuditch production sharing contract (PSC) offshore Timor-Leste. Baron Oil announced a proposed assignment of a 15% working interest in the TL-SO-19-16 PSC offshore Timor-Leste
