To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said.
Offshore drilling contractor Vantage Drilling has secured more work for two of its rigs operating in Indonesia and Qatar.
BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.
Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.
Norwegian offshore safety regulator, the Petroleum Safety Authority (PSA), has completed its investigation of the incident on West Mira rig where the lower marine riser package (LMRP) was unintentionally disconnected.
Aker BP has awarded further work to the Odfjell Drilling-owned Deepsea Stavanger rig, scheduled to be done upon the rig’s return from a gig in South Africa with Total.
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has provided final approvals to BP for drilling of the Ironbark-1 well.
Oil major Shell has launched a major cost-cutting drive to save cash and overhaul its business in preparation for the energy transition.
The Norwegian government has submitted a proposal to Norwegian Parliament to launch “the greatest climate project in Norwegian industry ever” –carbon capture and storage (CCS) project named Longship.
Oil and gas company PetroNor has reached a mutual agreement with the Government of The Gambia to settle its arbitration related to the A1 and A4 licenses.
Chinese oil and gas company CNOOC has produced first oil from the Liuhua 16-2 and 20-1 joint development project in the South China Sea.
The Korean Register has issued the world’s first Cyber Security (CS Ready) class notation for Hyundai Heavy Industries’ very large liquefied petroleum gas (LPG) carrier.
Offshore workers have started clearing out from Gulf of Mexico platforms as Beta, the 23rd named storm of the Atlantic hurricane season, formed in the Bay of Campeche.
Offshore driller Odfjell Drilling has received a notice of early termination from oil major BP for the charter of the Deepsea Aberdeen rig but, concurrently, secured work for the rig with Wintershall Dea.
