The findings of a recent report indicate that there are legal grounds to hold fossil fuel firms accountable for environmental damage.
Longboat has executed a farm-in agreement with OMV for two prospects on the NCS, boosting its net unrisked mean resources by 68 per cent.
The UN is working on raising the funds for the implementation of its plan to address a threat posed by an FSO unit off the Yemen coast.
Trident and JV partners for Block G – located offshore Equatorial Guinea – have agreed to extend their Production Sharing Contract (PSC).
Japan Drilling Co. (JDC) has been awarded a new deal for one of its jack-up rigs by Petronas Carigali for operations offshore Malaysia.
Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.
A lot of companies involved in the offshore energy sector have already introduced their plans on how to reach the net-zero emissions status by a certain point in the future. In this week’s In Focus, we are spotlighting the most recent projects aiming to achieve these goals.
S.D. Standard has acquired an interest in the Norway-based offshore drilling contractor, Dolphin Drilling, through an equity issue.
Repsol has experienced production interruption at its operated Yme field located offshore Norway but the field has now been restarted.
Japan’s oil and gas player Inpex has started exploratory drilling operations offshore Shimane and Yamaguchi prefectures in Japan.
Singapore’s Keppel O&M has been awarded contracts worth around $181 million from repeat customers for the integration of two FPSOs.
Equinor is extending its contracts with Baker Hughes, Halliburton, and Schlumberger for integrated drilling and well services.
LLOG has decided to reuse what was previously the world’s deepest floating production platform for the development of its new deepwater project in the Gulf of Mexico. The repurposed hub is expected to speed up the first oil from the project.
Equinor and Aker BP have inked a deal for the transfer of operatorship, allowing the latter to take the operator helm in the NOAKA area.
