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Oil & Gas

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Fossil EnergyProduction & ProcessingSubseaSurveys & InterventionsBusiness & FinanceBusiness Developments & ProjectsOutlook & StrategyProject & TendersVisionRigsExploration & ProductionClean FuelLNGTransitionDecommissioningHeavy liftingVesselsLow-Carbon TransitionAuthorities & GovernmentCarbon Capture Usage & StorageEnvironmentRegulation & PolicyRules & RegulationMarket OutlooksOperations & Maintenance
TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023
Oil & Gas

TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023

TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub

about 3 years ago
Paul B. Loyd Jr. rig; Source: Transocean
Oil & Gas

Fleet expansion with two Transocean rigs represents harbinger of growth for Dolphin Drilling

Dolphin Drilling regards its acquisition of two semi-submersible rigs from Transocean as the herald of further growth not just in the UK but also on the global stage.

about 3 years ago
Illustration; Source: Shell
Oil & Gas

As oil & gas prices tumble down from 2022 highs, Shell’s profit follows suit

Shell’s profit has been cut by more than half year-on-year, compared to the record high levels reported last year.

about 3 years ago
TotalEnergies
Oil & Gas

TotalEnergies’ profit hit by downturn in oil & gas prices but multi-energy model saves the day

TotalEnergies has disclosed strong results for the second quarter and first half of 2023, thanks to its multi-energy strategy.

about 3 years ago
Stena Spey rig; Source: Stena Drilling
Oil & Gas

With hydrocarbons present, results of North Sea well found to be ‘encouraging’

Ithaca Energy has revealed more information about the results of its exploration drilling at the K2 prospect, located in the North Sea.

about 3 years ago
Pioneering Spirit's DP3 and DP4 jackets removal campaign; Source: Allseas
Oil & Gas

Gallery: Allseas’ giant vessel removes two Morecambe Bay jackets in less than two days

Allseas has completed the two jackets removal campaign for Spirit Energy’s Morecambe Bay development in the East Irish Sea, using its heavy lift vessel Pioneering Spirit.

about 3 years ago
Tubular Bells; Source: Hess
Oil & Gas

New oil discovery confirmed in Gulf of Mexico

U.S. oil and gas company Hess Corporation has made an oil discovery in an exploration well located in the U.S. Gulf of Mexico.

about 3 years ago
Energy Industries Council (EIC)
Oil & Gas

Are net-zero aspirations in jeopardy with oil & gas boom at full tilt?

The global oil and gas industry has embarked on a growth upcycle, raising concerns that this is putting net-zero 2050 commitments at risk.

about 3 years ago
The North Field off Qatar; Source: Qatargas
Oil & Gas

With 18 oil & gas projects, worth $60.2 billion, in the works, Qatar set on upping the LNG ante

Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.

about 3 years ago
Valaris (former Ensco) 107 jack-up rig; Source: Carnarvon
Oil & Gas

Beach Energy awaits Valaris rig to spud well off New Zealand

Beach Energy is now targeting the start of drilling operations at its development well off Taranaki towards the end of the first quarter of 2024.

about 3 years ago
Peregrino field off Brazil; Credit: Einar Aslaksen/Equinor
Oil & Gas

Lower oil & gas prices take a bite out of Norwegian energy giant’s profit

Equinor’s profit was cut in more than half from record-high figures seen last year due to significantly lower energy prices.

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Oil & Gas

Court fight on UK govt’s hands over oil & gas licensing round

Greenpeace has decided to take the UK government to court over – what it deems to be – an “unlawful” oil and gas decision.

about 3 years ago
IDD project's FPU off Kalimantan, Indonesia; Source: Chevron
Oil & Gas

By taking over Chevron’s assets off Indonesia, Eni enriches its gas and LNG portfolio

Italian oil major Eni has decided to enhance its oil and gas portfolio further by acquiring Chevron’s Indonesian assets.

about 3 years ago
Siem Aquamarine; Source: Siem Offshore
Oil & Gas

Two Siem vessels booked for work in Australia

Siem Offshore has secured a new deal for two of its anchor handling tug supply (AHTS) vessels with an undisclosed operator in Australia.

about 3 years ago
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