Norwegian Ministry of Petroleum and Energy has approved a revised PDO for partial electrification of the Equinor-operated Sleipner field off Norway.
Oil major Shell on Thursday set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services.
In a move that was almost an inevitability after recent events in the company, offshore drilling contractor Seadrill Limited has filed for Chapter 11 bankruptcy.
Equinor has exercised the option to add development drilling of one additional well at the Martin Linge field to the work scope of the Maersk Intrepid.
The Finnish technology group Wärtsilä and vessel provider Siem Offshore have signed an optimised maintenance agreement to reduce the carbon footprint of two offshore well intervention vessels.
Dutch ship repair and vessel services specialist ROG has decided to become independent after acquiring a controlling stake from shipbuilder Royal IHC.
Sapura Energy subsidiaries and joint venture have been awarded contracts and contract extension with a combined value of about $457.5 million.
FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore sa
Norwegian oil and gas giant Equinor saw a massive increase in its quarterly net loss amid market turmoil caused by the coronavirus crisis.
Thailand’s PTT Exploration & Production (PTTEP) has made a gas discovery from the Lang Lebah-2 appraisal well off the coast of Sarawak, Malaysia.
LLOG Exploration Offshore and Italian oil major Eni have signed an infrastructure agreement for subsea infrastructure in the deepwater Gulf of Mexico.
ADNOC has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Japan’s Cosmo Energy.
Oil and gas company MOL Norge has drilled a dry well located at Mandal High in the southern North Sea offshore Norway.
State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.
