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Oil & Gas

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Deepsea Mira rig; Source: Odjell Drilling
Oil & Gas

Odfjell Drilling cheers completion of ‘complex’ rig move off Namibia

Odfjell Drilling has boosted operational efficiency by employing a new method to complete a rig move off Namibia.

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

With contract backlog of $4.7 billion, Noble looks forward to ‘sustained long-term upcycle’

Noble Corporation has reported strong operational and financial performance during the third quarter of 2023.

about 2 years ago
Illustration; Source: The International Energy Agency (IEA)
Oil & Gas

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 2 years ago
Dr. Sultan Al Jaber, COP28 President
Oil & Gas

New charter urges private sector towards ‘bolder’ climate and net-zero action ahead of COP28

The COP28 Presidency has revealed the launch of a new charter to mobilize and encourage the private sector to take further steps towards accelerating and bolstering their net-zero pledges.

about 2 years ago
QatarEnergy LNG delivers 1,000th cargo to South Hook LNG terminal in UK
Oil & Gas

QatarEnergy LNG delivers 1,000th cargo to South Hook LNG terminal in UK

QatarEnergy LNG, previously known as Qatargas, has completed its 1,000th LNG shipment to the South Hook LNG terminal at Milford Haven in the United Kingdom (UK). The landmark delivery was made by the Q-Max LNG carrier Mozah, which already has another landmark achievement to its name, the 10,000th LN

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

With UK fiscal challenges ‘undermining investor confidence,’ sale of North Sea discovery falls through due to lack of money

Quattro Energy Limited has been unable to raise the required funds for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.

about 2 years ago
GMS Endurance (for illustration purposes); Source: Gulf Marine Services (GMS)
Oil & Gas

GMS picks up new deal and two extensions for its vessels

GMS has won one new contract and two extension deals for the vessels in its fleet, raising contracted backlog revenue to $326.2 million.

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

McDermott and PTSC to rake in over $1 billion for Asian gas project

McDermott, as part of a consortium with PTSC, has gotten its hands on a limited letter of award for work on a gas project off Vietnam.

about 2 years ago
Deepwater Titan drillship; Source: Transocean
Oil & Gas

Backlog boost for sixth quarter in a row stokes Transocean’s multi-year upcycle hopes

Transocean has enlarged its contract backlog for the sixth consecutive quarter, expanding it to $9.4 billion at the end of 3Q 2023.

about 2 years ago
Subsea7 wins major contract with Petrobras
Oil & Gas

Subsea7 wins ‘major’ contract offshore Brazil

Subsea7 has secured a contract with Brazilian oil and gas giant Petrobras for a development located in the Santos Basin offshore Brazil. The contract scope includes engineering, procurement, fabrication, installation (EPCI) and pre-commissioning of 76 kilometers of rigid risers and flowlines for the

about 2 years ago
Europe’s LNG capacity buildout outpaces demand, IEEFA claims
Oil & Gas

Europe’s LNG capacity buildout outpaces demand, IEEFA claims

The Institute for Energy Economics and Financial Analysis (IEEFA) has reported that the gap between Europe’s LNG capacity and demand continues to widen. Europe has added six new LNG terminals in 2023, plus a previously mothballed terminal and a new floating storage regasification unit (FSRU) that is

about 2 years ago
ETAP facility in the North Sea; Source: BP
Oil & Gas

BP sees sharp drop in profit due to flat gas prices but uplifts renewables pipeline

BP has achieved production growth, a reduction in net debt, and a “robust” operating cash flow, based on its results for 3Q 2023.

12 minutes read
Shell's Norwegian gas field pioneers remote data harvesting
Oil & Gas

Shell’s Norwegian gas field pioneers remote data harvesting

Sonardyne, working with XOCEAN’s uncrewed surface vehicles (USV), has delivered remote acoustic data harvesting services to Shell at its Ormen Lange gas field in the Norwegian Sea that does not have conventional surface operation platforms. Without surface platforms, acoustic data from the subsea se

about 2 years ago
Uranus rig carried out Trillion's 2022 – 2023 drilling campaign at SASB; Source: Trillion Energy
Oil & Gas

Ongoing perforation program ups Black Sea gas field’s production ante

Trillion Energy has revealed a boost in production rates at a natural gas field in the Black Sea off Türkiye.

about 2 years ago
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