Two giant offshore drilling contractors are encouraged by meaningful signs of improvement in the market and increase in rig day rates.
ConocoPhillips has increased its quarterly dividend as it returned to profit in the third quarter of 2021 driven by higher oil and gas prices.
Petronas has awarded a Production Sharing Contract for Block PM524, located offshore Malaysia, to Posco International and Petronas Carigali.
Norwegian oil and gas company Vår Energi has taken out a loan of $6 billion from 12 different banks as part of its refinancing strategy.
Neptune Energy has completed a study with EDF to measure methane emissions on a working UK offshore platform using drone technologies.
Driven by higher oil and gas prices, BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.
Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.
Following two previous dry wells, ExxonMobil has also failed to find commercial hydrocarbons in its third well on the Canje Block, off Guyana.
Following the sail away of two bridges and a flare, McDermott is focusing on completing a final piece of the puzzle for Tyra.
Solstad Offshore has won a contract extension with Conoco Phillips for a platform supply vessel for operations offshore Norway.
Houston-based Vaalco Energy has completed two well workovers at the Etame field offshore Gabon.
Norwegian oil and gas giant Equinor has confirmed oil discovery in the Egyptian Vulture exploration well located in the Norwegian Sea.
Chevron has reported the highest third-quarter earnings since the first quarter of 2013 due to improved market conditions, strong operational performance and a lower cost structure.
Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition & Conference), as work on the global energy transition is moving forward through numerous new initiatives.
