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Oil & Gas

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Illustration; Source: Eco Atlantic
Oil & Gas

More drilling on the cards for ‘promising and significant opportunities’ off South Africa

Africa Oil is setting the wheels into motion to undertake exploration activities in Block 3B/4B in the Orange Basin off South Africa.

about 3 years ago
FPSO Jasmine Venture MV7; Source: MODEC
Oil & Gas

With Gulf of Thailand acquisition under its belt, Canadian player expands oil portfolio

Valeura has wrapped up the acquisition of upstream oil producing assets from Mubadala Petroleum’s subsidiary, Busrakham Oil and Gas.

about 3 years ago
Floatel Endurance; Source: Floatel International
Oil & Gas

Equinor all set to deploy Floatel’s unit at North Sea field

Norwegian offshore safety regulator has given Equinor consent to use one of Floatel’s semi-submersible accommodation and construction support vessels at a North Sea field off Norway.

about 3 years ago
Olympic Subsea vessel gets to work with DeepOcean
Oil & Gas

Olympic Subsea vessel gets to work with DeepOcean

DeepOcean has entered into a two-year time charter agreement with Olympic Subsea for a multi-purpose support vessel (MPSV) that will be deployed in the renewables and oil and gas industries. The agreement was signed for the MPSV Olympic Ares which will provide subsea inspection, maintenance, and rep

about 3 years ago
Ellen and Elly offshore platforms near Long Beach, California; Credit: Bureau of Safety and Environmental Enforcement
Oil & Gas

Amplify Energy gets new COO

Amplify Energy Corp. has revealed the appointment of a new Chief Operating Officer (COO), who will assist the firm in bolstering its cash flow generation.

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

Shell unveils two energy scenarios with the world caught in security and climate woes’ grasp

Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.

about 3 years ago
Investigation looking into whether oil and gas firm failed to meet North Sea license obligations
Oil & Gas

Investigation looking into whether oil & gas firm failed to meet North Sea license obligations

UK regulator North Sea Transition Authority (NSTA) has launched an investigation into whether an oil and gas company possibly failed to meet license obligations, including seismic survey and work program commitments, designed to stimulate activity. The investigation will look into whether the compan

about 3 years ago
Illustration; Source: Wood Mackenzie
Oil & Gas

What are key areas the U.S. needs to jump-start on the road to net-zero by 2050?

As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S. to reach its net-zero by 2050 goal, Wood Mackenzie, an energy intelligence group, looks into four technology pillars that would enable the U.S. to reap the benefits of the provisions within the Inflation

about 3 years ago
Oseberg field centre (for illustration purposes); Source: Harald Pettersen/ Equinor
Oil & Gas

Norway’s oil & gas output takes a downturn

Norway recorded a slight rise in oil production in February 2023 compared to last month, but oil & gas figures are still below the ones recorded in 2022.

about 3 years ago
Serica Energy
Oil & Gas

Serica one step away from closing Tailwind acquisition

Serica Energy has completed all the steps required to close the acquisition of Tailwind, aside from one, which also needs to be checked off the list.

about 3 years ago
Canadian oil and gas firm becoming sole owner of Thai subsidiary
Oil & Gas

Canadian oil and gas firm becoming sole owner of Thai subsidiary

Canada-headquartered upstream oil and gas company Valeura Energy is acquiring the remaining minority interest in its special purpose vehicle subsidiary company Valeura Energy Asia Pte. Ltd, which holds all of the company’s assets in Thailand. Through a share exchange agreement (SEA), Valeura will ac

about 3 years ago
Safe Concordia; Source: Prosafe
Oil & Gas

Prosafe participates in three tenders to get more assignments for its vessels

Offshore accommodation provider Prosafe is taking part in three ongoing tenders to win more work for its fleet of vessels.

about 3 years ago
Valhall PWP-Fenris; Source: Aker BP
Oil & Gas

While one gets dropped, nine oil & gas projects still going ahead

Aker BP has decided to move ahead with nine out of ten oil and gas projects for which PDOs were previously handed over.

about 3 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Oil & Gas

Semi-submersible rig kicks off its drilling gig in Nigeria

Offshore drilling contractor Dolphin Drilling has disclosed that one of its semi-submersible rigs has started its drilling assignment in Nigeria.

about 3 years ago
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