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Oil & Gas

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Fossil EnergyLiquefied Natural GasBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionProject & TendersFPSO & VesselsLow-Carbon TransitionMarket OutlooksOutlook & StrategyRigsProduction & ProcessingSubseaEquipmentInfrastructureInnovationTechnologyAuthorities & GovernmentRegulation & PolicyRules & RegulationCarbon Capture Usage & StorageTransitionEnvironment
Illustration; Source: Kosmos Energy
Oil & Gas

Following BP’s exit, operatorship of giant gas discoveries changes hands, as US player takes the reins

Kosmos Energy has boosted its working interest and taken the operatorship helm, subject to customary government approvals, of giant gas discoveries offshore Senegal, after BP’s withdrawal from the field.

about 2 years ago
Illustration; Source: Energy Maritime Associates (EMA)
Oil & Gas

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Oil & Gas

New commercial oil discovery offshore Gabon deemed to be ‘substantial’

Oslo-listed oil and gas E&P player BW Energy has made a new oil discovery at an appraisal well which is part of its multi-well program offshore Gabon.

about 2 years ago
Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corp.
Oil & Gas

Petronas and ExxonMobil find more oil offshore Suriname

Petronas and ExxonMobil have made an oil discovery at an exploration well in Block 52 located offshore Suriname.

about 2 years ago
Nokia firm delivers subsea tech for Equinor's oil project
Oil & Gas

Nokia firm delivers subsea tech for Equinor’s oil project

Alcatel Submarine Networks (ASN), part of Nokia, has delivered subsea control cable infrastructure for an Equinor-operated field recently brought on stream. ASN has supplied, installed, and pre-commissioned DC/FO subsea control cable infrastructure, which provides high electrical power and fiber con

about 2 years ago
Barossa concept; Source: Santos
Oil & Gas

Australian giant gas project facing potential delays due to court injunction

Santos is being prevented from continuing its planned work on the Barossa gas field development project offshore Australia due to an interim injunction.

about 2 years ago
Deepwater Atlas drillship (for illustration purposes); Source: Transocean
Oil & Gas

International offshore rig count slips down a few more notches

With the number of offshore rigs on a downward trajectory, Baker Hughes’ international rig count report shows five units less in October 2023 than the month before

about 2 years ago
Darren Woods, ExxonMobil's CEO; Source: ExxonMobil
Oil & Gas

Additional CO2 pipeline network positions ExxonMobil’s low-carbon business for ‘profitable growth’

ExxonMobil has wrapped up the acquisition of Denbury and expanded its low-carbon business and CO2 pipeline network in the United States.

about 2 years ago
Illustration. Source: BOEM
Oil & Gas

Gulf of Mexico oil & gas lease sale put off again until court decision comes

BOEM has delayed the next offshore oil and gas lease sale for acreage in the Gulf of Mexico, pending further direction from the court.

about 2 years ago
Oseberg C; Credit: Øyvind Hagen/Equinor
Oil & Gas

Fresh North Sea oil & gas discovery enriches Norwegian field’s hydrocarbon arsenal

Norwegian state-owned energy giant Equinor has made a new oil and gas discovery in the North Sea off Norway.

about 2 years ago
Prelude; Source: Shell
Oil & Gas

Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023.

13 minutes read
Valaris 249 jack-up rig; Source: Valaris
Oil & Gas

Nine Valaris rigs snap up multi-million drilling gigs with oil & gas giants, pushing total backlog to $3.2 billion

Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco.

about 2 years ago
Steel-cutting ceremony for Munin platfrom; Source: Aker BP
Oil & Gas

First steel cut for North Sea-bound unmanned gas production platform – gallery

Aker BP has celebrated the start of the construction phase for a platform, which is destined to be deployed in the North Sea offshore Norway.

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

Murphy eyes first oil in 2026 from offshore project in Southeast Asia

Murphy Oil has sanctioned an oilfield development project in the Cuu Long Basin offshore Vietnam, Southeast Asia.

about 2 years ago
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