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Exploration & Production

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Fossil EnergyOil & GasBusiness & FinanceBusiness Developments & ProjectsHeavy liftingProject & TendersVesselsRigsAuthorities & GovernmentRegulation & PolicyRules & RegulationBiofuelsClean FuelGreen MarineOther FuelsCollaborationOutlook & StrategyTechnologyEnvironment
ACE topsides installation; Source: BP
Exploration & Production

WATCH: BP’s $6 billion project closer to first oil as topsides sail away and installation works wrap up

BP is closing in on first oil from its Azeri Central East (ACE) project in Azerbaijan by completing the topsides sailaway and installation.

about 3 years ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Exploration & Production

Equinor gearing up to drill North Sea prospect with Transocean rig

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Exploration & Production

Equinor getting ready for drilling ops with Odfjell rig

Equinor has secured a drilling permit from the country’s authorities for two wells in the Norwegian Sea.

about 3 years ago
Proman and Origin team up on low-carbon biofuel production
Exploration & Production

Proman and Origin team up on low-carbon biofuel production

Methanol producer Proman and carbon-negative materials company Origin Materials have entered a strategic partnership centered on low-carbon biofuel production utilizing Origin’s technology platform and Proman’s fuels capabilities and expertise. Specifically, the two companies signed an agreement to

about 3 years ago
Brage platform; Source: OKEA
Exploration & Production

New operator taking the helm at North Sea oil & gas discovery

OKEA will be taking over the operatorship next month from the compatriot player, DNO Norge, at the Brasse license in the North Sea.

about 3 years ago
Ocean Endeavor rig; Source: Diamond Offshore
Exploration & Production

New rig deals bolster day rates and lift Diamond Offshore’s backlog to $1.6 billion

Diamond Offshore has tucked under its belt new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico, the UK, and Senegal.

about 3 years ago
Valaris DS-14 drillship; Source: Valaris
Exploration & Production

Valaris undertakes $400 million private placement to fund acquisition of two drillships

Valaris revealed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030.

about 3 years ago
Illustration; Source: United Oil & Gas
Exploration & Production

Two oil & gas firms agree on more time to wrap up divestment of North Sea discovery

Quattro Energy Limited has agreed on a long stop date extension for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.

about 3 years ago
Transocean Norge; Source: Transocean
Exploration & Production

OMV spuds gas-condensate prospect with Transocean rig

OMV has started drilling an exploration well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

about 3 years ago
COSL Promoter; Source: COSL Drilling
Exploration & Production

Thumbs-up for Equinor to deploy COSL Drilling’s rig for North Sea ops

Norwegian regulator has given Equinor its consent to use a COSL Drilling-owned rig for production drilling at a field in the North Sea.

about 3 years ago
Neptun Deep - offshore platform simulation; Credit: OMV Petrom
Exploration & Production

Go-ahead sets the seal on development of $4.4 billion deepwater gas project in Black Sea

Romania’s National Agency for Mineral Resources has endorsed the development plan for a massive deepwater natural gas project in the Black Sea.

about 3 years ago
Oil Rocks infrastructure centre connecting other oil fields of Azerbaijan (for illustration purposes); Source: SOCAR
Exploration & Production

TotalEnergies and SOCAR take on ADNOC as partner in gas field off Azerbaijan

TotalEnergies and SOCAR have inked a deal, which will enable each to sell a 15 per cent participating interest in a gas field off Azerbaijan.

about 3 years ago
TGS stays in the North Sea
Exploration & Production

TGS stays in the North Sea

Norwegian seismic company TGS has completed what it describes is a “key project” in the North Sea and started the next one in the same area. The projects are being carried out using the TGS Z700 ocean bottom node (OBN) crew. According to TGS, this crew has completed two projects during this North Se

about 3 years ago
Valaris DS-7 drillship; Source: Valaris
Exploration & Production

International offshore rig count activity on the rise

Baker Hughes’ international rig count report shows a boost in the number of offshore rigs in July 2023, as 6 additional units were recorded compared to the month before.

about 3 years ago
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