Empyrean is engaged in further discussions with COSL and CNOOC to finalise a spud date for the Jade prospect well, located offshore China.
Uptime International has won two contracts with DOF Subsea for the provision of walk-to-work systems on one of its vessels.
The number of offshore rigs in the U.S. remained moored at 12 units without any upward or downward deviations for two weeks in a row.
Subsea 7 has secured a contract from Equinor for the FEED study for the marine installations associated with the Krafla project off Norway.
The OGA is encouraged by the record low level of flaring in the North Sea, as it has fallen to the lowest one ever tracked on the UKCS.
Following reports that Nord Stream 2 AG has filed for bankruptcy, the Swiss-based company and the operator of the Russian gas pipeline has said it “cannot confirm” such reports.
Oil and gas exploration and production company Energean has connected the Karish offshore gas field to the Israel National Gas Line,
Moody’s has placed ratings of Wintershall Dea on review for downgrade, reflecting downside credit risks stemming from the potential for more severe sanctions against Russian businesses to affect the company’s operations.
Carnarvon Energy is working to secure financing for the Santos-operated Dorado project off Australia ahead of the FID for the project.
Bilfinger UK has expanded its presence in the North East with the opening of a new fabrication facility, spurring further headcount increase.
QatarEnergy has signed a cooperation agreement with Namibia’s NAMCOR to support and develop a sustainable oil and gas sector in Namibia.
A joint venture partnership for a block off South Africa has secured a rig from a Norwegian contractor to drill a high-impact well.
BW Offshore received a contract extension for an FPSO operating offshore Indonesia, which has been sold recently.
War in Ukraine could result in as much as 1 million bpd of oil demand being removed from the global market, research by Rystad Energy shows.
