Business Developments & Projects
More time in UK for Archer thanks to $40 million extension deal
Oil services company Archer has landed a two-year contract extension for platform drilling services with an undisclosed company in the UK.
Uniper and SKW Piesteritz pen ammonia and hydrogen partnership
Uniper and SKW Piesteritz have signed an agreement to support each other in the supply, production and logistics of ammonia and hydrogen derivatives.
Equinor sees downturn in oil & gas workers’ injury frequency
Equinor has provided safety results for the first quarter of 2024, reporting no serious well control incidents.
PXGEO buys UK subsea services company
Marine geophysical service provider PXGEO has acquired UK-based subsea services company Modus Subsea Services, boosting its autonomous subsea offering. Modus Subsea Services provides offshore life-of-field support services specializing in autonomous subsea operations using underwater intervention dr
Transocean anticipates more long-term rig deals over next few months
Transocean is looking forward to securing new assignments for its rig fleet, thanks to the high demand for offshore drilling services on the global oil and gas stage.
Equinor, Aker BP and Vår Energi among applicants for Norwegian CO2 storage licenses
Eight companies have submitted their applications to the Norwegian Ministry of Energy for CO2 storage licenses for two areas on the Norwegian Continental Shelf (NCS). Aker BP, Equinor Low Carbon Solution, Lime Petroleum, Northern Lights JV, OMV (Norge), PGNiG Upstream Norway, Vår Energi and Wintersh
North Sea operator books Shelf Drilling rig for ops in UK waters
Shelf Drilling has won a new deal for one of its jack-up rigs for operations on the UK Continental Shelf (UKCS).
Actis-Fortescue consortium to work on large green hydrogen project in Oman
A consortium between Actis and Fortescue has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman.
CO2 storage licenses in English Channel up for grabs
UK regulator North Sea Transition Authority (NSTA) has launched a competitive process inviting applications for CO2 appraisal and storage licenses in an area of the English Channel. The licenses, for which the competitive process was opened on April 30, grant exclusive rights for the exploration and
UK’s political and fiscal regime hampers Deltic’s ability to fund its share of appraisal costs for North Sea discovery
Deltic Energy is still on the lookout for a farm-out partner to ensure that its share of costs will be secured for the appraisal of a gas discovery in the North Sea.
Ørsted’s FlagshipONE e-methanol project reaches new milestone
Carbon Clean has started the module assembly process at Ørsted’s FlagshipONE eMethanol project in Sweden.
Two contracts with Petrobras to bring over $192 million to DOF
Norwegian vessel owner DOF Group has secured multiple contracts with Brazilian state-owned oil and gas giant Petrobras expected to generate revenue beyond $192 million. Following a competitive tender process, Petrobras awarded new long-term charter and service contracts to Norskan Offshore and DOF S
OMV steps up its methane reduction game by joining UN program for curbing such emissions
OMV is the latest in the long line of oil and gas players that have thrown their support behind the Oil & Gas Methane Partnership (OGMP 2.0).
Türkiye holds LNG supply talks with ExxonMobil while setting the stage to search for oil in Black Sea
Türkiye is going all out to wean itself from its dependence on foreign natural gas, as demonstrated by the ongoing LNG negotiations with ExxonMobil.