MODEC is moving to the engineering, procurement, construction, and installation (EPCI) phase for ExxonMobil’s FPSO destined to work in Guyana.
Murphy Oil started drilling its second well in the U.S. Gulf of Mexico, after making a new oil discovery at its first prospect in 2023.
Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States climbed up a step last week.
Shell has hired Australia’s engineering company Worley to support its deepwater development project in the U.S. Gulf of Mexico (GOM).
Two oil majors, Shell and ConocoPhillips, have joined their peers in posting 1Q 2023 results, which were hampered by lower oil & gas prices.
The consortium partners behind the Project Greensand have developed a new monitoring technology that has successfully monitored that the stored CO2 in the North Sea subsoil is at the right location.
Galp has hired a semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, for a drilling campaign off Namibia.
A Guyanese court recently ruled that ExxonMobil is in breach of oil spill insurance obligations for its first oil project located off Guyana.
Shell has signed an agreement with Ithaca Energy, defining a marketing process for its interest in the controversial Cambo development.
Saipem has been given the go-ahead to proceed with the final phase of ExxonMobil’s recently sanctioned $12.7 billion oil project off Guyana.
Noble has won new contracts and extensions for multiple rigs in Guyana, Colombia, the U.S. Gulf of Mexico, and offshore Sarawak, Malaysia.
Panama-flagged oil tanker Niovi was seized by Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) while transiting the Strait of Hormuz on May 3, the U.S. Navy said. The 309,300 dwt VLCC, built in 2005, is owned by Liberia-based Grand Financing Co, on behalf of Greek Altomare, and managed by Smart
Despite oil demand in the transport sector being forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement, the recent Transport in Transition report from DNV shows. Today, transport of passengers and goods accounts for about a quarte
TotalEnergies has handed out a new contract to NHV to support its offshore operations in the Danish sector of the North Sea.
