Business & Finance
UK oil & gas trade body changing name to reflect drive towards net-zero future
Oil & Gas UK (OGUK) is expanding to include the low-carbon offshore energy technologies like offshore wind, hydrogen, and CCS.
Odfjell Drilling mulls splitting into two groups to think beyond core services
Odfjell Drilling is contemplating spinning off its Well Services and Energy segments into a newly established company and list it on Oslo.
TotalEnergies selling third of its stake in Greater Laggan Area fields to Kistos
London-listed Kistos is buying interests in several gas fields located West of Shetland from French major TotalEnergies.
FAR ponders takeover bid from Australian investment fund
FAR will contemplate an off-market takeover offer from Samuel Terry Asset Management prior to making a recommendation to its shareholders.
Regulator assessing Jadestone’s environment plan for drilling off Australia
NOPSEMA is assessing Jadestone Energy’s environment plan for drilling operations at the Stag field, located offshore Western Australia.
Aker BP building data factory in the cloud to improve productivity
Aker BP has joined forces with Accenture to develop and deploy a cloud-based solution to improve oil and gas operations.
U.S. offshore rig count in idle mode for two weeks in a row
The number of offshore rigs in the U.S. stayed flat at 18 units for two consecutive weeks, according to Baker Hughes’ rig count report.
Chevron books fourth-consecutive quarterly profit
U.S. oil and gas major Chevron returned to profit in the fourth quarter of 2021 from a loss in the prior-year period.
UK pipeline decom firm targets more oil & gas clients with new facility
Northern Ireland-headquartered pipeline decommissioning specialist Decom Engineering has opened a new facility near Aberdeen as it wants to target new North Sea oil and gas clients. The investment valued at more than £250,000 is expected to allow faster deployment of Decom’s assets to clients workin
Clash between rig and vessel spotlights safety perils arising from ‘commercial pressure’
The recent collision in the North Sea highlights hidden safety threats arising from disregarding maritime procedures for the sake of profit.
Hafnia buys 12 Scorpio tankers, closes CTI takeover
Singapore-based tanker owner and operator Hafnia has entered into a framework agreement for the purchase of 12 vessels from Monaco-based counterpart Scorpio Tanker.
U.S. judge quashes Gulf of Mexico oil & gas lease sale due to climate impact
U.S. judge has invalidated the results of an offshore oil and gas lease sale in the Gulf of Mexico held by the Biden administration in 2021.
Schlumberger solution to help optimize Northern Lights performance
The Northern Lights joint venture has selected Schlumberger to deliver its DELFI digital platform for the Northern Lights carbon capture and storage project in order to optimize performance in carbon transport and storage. The DELFI cognitive E&P environment will be used to streamline subsurface wor
Shell gains approval to use Transocean rig for Ormen Lange drilling
Shell has received consent from Norway’s offshore regulator for exploration drilling in the Norwegian Sea with one of Transocean’s rigs.