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Exploration & Production

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Peregrino field off Brazil; Credit: Einar Aslaksen/Equinor
Exploration & Production

Lower oil & gas prices take a bite out of Norwegian energy giant’s profit

Equinor’s profit was cut in more than half from record-high figures seen last year due to significantly lower energy prices.

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Exploration & Production

Court fight on UK govt’s hands over oil & gas licensing round

Greenpeace has decided to take the UK government to court over – what it deems to be – an “unlawful” oil and gas decision.

about 3 years ago
Uranus rig; Source: Trillion Energy
Exploration & Production

With more natural gas in mind, two players looking into energy potential in Türkiye and Bulgaria

Trillion Energy has entered into a non-disclosure agreement with a Global energy trading company, to explore strategic energy opportunities in Bulgaria and Türkiye.

about 3 years ago
Johan Sverdrup field; Credit: Lizette Bertelsen/Jonny Engelsvoll/Equinor
Exploration & Production

Norway throws importance of oil & gas for Europe’s energy security into stark relief

Norway stepped up to help alleviate Europe’s energy woes, becoming the continent’s largest gas supplier in the process.

about 3 years ago
Kistos' exploration and production licenses in the Netherlands; Source: Kistos
Exploration & Production

With appeal for North Sea licence extension out of the way, Kistos eyes appraisal drilling ops

Kistos has successfully appealed against the Netherlands Ministry of Economic Affairs’ decision not to extend the term of a licence in the North Sea.

about 3 years ago
Island Innovator rig; Source: Island Drilling
Exploration & Production

WATCH: Island Drilling rig getting ready for coil tubing ops in UK waters

Island Drilling has revealed a video of its semi-submersible rig, which is preparing for coil tubing operations while on contract with Dana Petroleum in the UK.

about 3 years ago
Njord field in the Norwegian Sea; Credit: Even Kleppa/Lizette Bertelsen – Equinor
Exploration & Production

With gas on a downward spiral, Norway’s oil output keeps upping the ante

Norway’s oil production remained on the rise in June 2023 compared to the Norwegian Petroleum Directorate’s predictions.

about 3 years ago
Transocean's Deepwater Invictus drillship; Source: BHP (now Woodside)
Exploration & Production

Transocean’s plethora of new rig deals fetches $1.2 billion

Transocean has won a bundle of new contracts and extensions in Mexico, Australia, Norway, Lebanon, and the East Mediterranean Sea.

about 3 years ago
Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor
Exploration & Production

Europe redraws black gold map by switching out Russian oil with barrels from other top producers

With the demand for black gold still going strong, Europe has replaced Russian oil barrel for barrel by importing more from other producers.

about 3 years ago
Illustration; Source: The International Energy Agency (IEA)
Exploration & Production

IEA: Ensuring gas supply security and decarbonisation high on global energy market’s agenda

A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.

about 3 years ago
Deepsea Yantai rig; Credit: Odfjell Drilling
Exploration & Production

Norway sheds light on recent gas discovery in North Sea

More information about a recent gas and condensate discovery in the Norwegian sector of the North Sea has come to light.

about 3 years ago
Valaris 121 rig; Source: Valaris
Exploration & Production

Valaris jack-up rig kicks off its North Sea gig

One of the jack-up rigs owned by Valaris has started its drilling assignment with Petrofac in the UK sector of the North Sea.

about 3 years ago
Uranus rig; Source: Trillion Energy
Exploration & Production

Black Sea: gift that keeps on giving as sixth well in ongoing drilling campaign hits gas pay

Trillion Energy has discovered “abundant gas pay” in the sixth well in its multi-well drilling campaign on a natural gas field in the Black Sea off Türkiye.

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

Odfjell Drilling strengthens ties with Equinor and confirms two rig deals

Odfjell Drilling has inked contracts for one of its semi-submersible rigs to carry out drilling activities in the North Sea.

about 3 years ago
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