Fugro has finished the fieldwork for an environmental and geophysical survey offshore Namibia, which was ordered by Galp.
Chevron New Energies, a Chevron U.S. division, and the government of Angola have signed a memorandum of understanding (MoU) to explore potential lower carbon business opportunities in Angola. The signature was hosted in October 2023 in Luanda, Angola, by Cabinda Gulf Oil Company Limited (CABGOC), Ch
UK-headquartered Afentra, through its wholly-owned subsidiary Afentra (Angola) Ltd., has received approval from the Government of Angola for the acquisition of interests in two blocks offshore Angola from state-owned oil and gas company Sonangol. Afentra announced it had received the approval for th
Following the announcement in early October that it will be working for an “oil and gas supermajor”, Argeo has now revealed the client and remaining details. Argeo announced on November 9 that it had signed a NOK 55 million (over $4.9 million) contract for the Bonga field subsea assets work program
A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.
Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates.
In today’s rapidly evolving landscape, it is no longer a question of whether to decarbonize, but rather how to do it effectively and strategically. The imperative to reduce carbon emissions and embrace sustainability has become an indisputable reality for businesses across industries. The focus has
Kosmos Energy has boosted its working interest and taken the operatorship helm, subject to customary government approvals, of giant gas discoveries offshore Senegal, after BP’s withdrawal from the field.
Oslo-listed oil and gas E&P player BW Energy has made a new oil discovery at an appraisal well which is part of its multi-well program offshore Gabon.
Danish container shipping giant A.P. Moller-Maersk unveiled this morning a further downturn in both profit and revenue, resulting in a decision to cut 10,000 jobs as a response to the ongoing challenges of declining freight rates and lackluster demand within the container shipping industry. Despite
A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from DNV’s Alternative Fuel Insights (AFI) database shows. Some of the most recent orders saw
With the number of offshore rigs on a downward trajectory, Baker Hughes’ international rig count report shows five units less in October 2023 than the month before
