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Oil & Gas

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Uranus rig; Source: Trillion Energy
Oil & Gas

With ‘abundance of gas pay’ uncovered, two more Black Sea wells coming online in March

Canada’s oil and gas player Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

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

How is European and U.S. oil majors’ energy transition journey shaping up?

While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.

about 3 years ago
Acteon launches cloud-based platform for subsea assets and data
Oil & Gas

Acteon launches cloud-based platform for subsea assets and data

UTEC, a Geo-services brand that is part of Acteon, has launched a cloud-based platform that gives the offshore energy industry a 360° visualization of subsea assets and data. Through iSite Subsea, users can source, view, manage and report on seabed, survey and asset data, as well as interrogate and

about 3 years ago
Illustration; Source: Rystad Energy
Oil & Gas

Offshore oil & gas set for growth with $214 bln of investments in the pipeline

With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.

about 3 years ago
Coast Guard Air Station New Orleans MH-60 Jayhawk helicopter aircrew flying to a platform approximately 40 miles south of Port Fourchon, Louisiana; Source: U.S. Coast Guard photo by Air Station New Or
Oil & Gas

Oil worker medevacked from offshore platform in U.S.

The U.S. Coast Guard (USCG) has performed an emergency evacuation via helicopter of a 37-year-old male worker from an oil platform located approximately 40 miles south of Port Fourchon, Louisiana.

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Oil & Gas

Equinor ready to spud Norwegian Sea prospect this month

Equinor has secured a drilling permit from Norway’s authorities for an exploration well in the Norwegian Sea, which will be drilled using one of Odfjell Drilling’s rigs.

about 3 years ago
Troll B platform; Credit: Øyvind Hagen/Equinor
Oil & Gas

Fresh oil & gas discovery in North Sea brings another Troll tie-back to the table

Equinor has made a new oil and gas discovery near the Fram field in the North Sea off Norway, using an Odfjell Drilling-owned rig. This is Equinor’s eighth discovery in the area since 2019.

about 3 years ago
AHTS Normand Statesman; Source: Ocean Yield
Oil & Gas

Two vessels score long-term bareboat charters

Norwegian shipowner Ocean Yield has secured new bareboat charters with purchase obligations for two anchor handling tug supply (AHTS) vessels.

about 3 years ago
FPSO Alvheim; Source: Aker BP
Oil & Gas

Aker BP brings North Sea field on stream

Aker BP has kicked off production from a field in the North Sea off Norway, after fast-tracking the development to achieve the first oil.

about 3 years ago
Aramco
Oil & Gas

Saudi giant’s profit skyrockets to whopping $161.1 bln with oil & gas seen as ‘essential’ in energy arsenal

Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.

about 3 years ago
Pacific Khamsin drillship; Source: Equinor
Oil & Gas

U.S. regulator says lack of training played a part in fatality aboard drillship in Gulf of Mexico

Following the investigation report about a fatality aboard a drillship in the Gulf of Mexico, BSEE has outlined that the lack of training with hydraulic torque wrench contributed to the fatality.

about 3 years ago
A wind turbine at the Block Island Offshore Wind Farm with a U.S. flag on a vessel visible in the right corner
Oil & Gas

U.S. President proposes more money for offshore wind activities and no tax subsidies for oil & gas in 2024 budget

On 9 March, the Biden-Harris administration released the President’s Budget for Fiscal Year (FY) 2024, with funds for federal agencies’ activities in offshore wind proposed to be increased. The budget also supports the agencies’ work on the next National OCS Oil and Gas Leasing Program, however, in

about 3 years ago
Reach Subsea to deliver its services to Equinor under multiyear deal
Oil & Gas

Reach Subsea to deliver its services to Equinor under multiyear deal

Norwegian state-owned energy giant Equinor has awarded Reach Subsea with a multiyear frame agreement for work on the Norwegian continental shelf (NCS) and internationally. The three-year frame agreement covers all core activities for Reach Subsea, including installation support, seabed intervention,

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

U.S. offshore rig count moves down a couple of notches

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States slipped down by two units last week.

about 3 years ago
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