PetroRio will keep its stake in the Petrobras-operated field off Brazil as the conditions set for the sale have not been fulfilled.
Germany and Dutch ONE-Dyas are looking into possible natural gas production in the North Sea to reduce the country’s reliance on Russian fossil fuels.
talian oil and gas company Eni has agreed with The Republic of Congo to increase gas production and supply primarily through the development of an LNG project that is to start in 2023.
SBM Offshore’s second Fast4Ward design-based FPSO, and its third one for Guyana, is now getting its first topside modules.
TechnipFMC has been granted pilot approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to deploy its Subsea 2.0 equipment for the country’s oil and gas projects.
China’s oil and gas giant CNOOC Limited has launched an initial public offering on Shanghai Stock Exchange, raising about $4.4 billion.
i3 Energy and Europa have inked a farm-in deal for a sub-area of UKCS Licence P.2358 containing the Serenity discovery in the UK North Sea.
UK oilfield services provider Wood Plc has revealed that its CEO, Robin Watson, is retiring from the role.
Eidesvik has decided to fill COO and CTO roles by promoting internally to pursue further growth and position itself as a tech-savvy player.
Several offshore rigs owned by Valaris are embarking on their new assignments in the Gulf of Mexico, Mauritania, and Brazil.
Petrobras and its partner Equinor have started production from the first two wells of the IOR project at the Roncador field off Brazil.
Denmark has decided to speed up its renewable energy production and temporarily boost its gas output from the North Sea fields.
Oilfield services providers Halliburton & Baker Hughes revealed improvements in their 1Q 2022 financial performances on a y-o-y basis.
Maersk Drilling has entered into an agreement with ADES to sell a jack-up rig for $42.5 million in an all-cash transaction.
