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Exploration & Production

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A large vessel at sea at sunset
Exploration & Production

Oil production starts at Equinor’s Norwegian field, ushering in ‘new era’ for Barents Sea

Norwegian state-owned energy giant Equinor has brought on stream a field it operates in the Barents Sea, which is expected to produce for 30 years.

about 1 year ago
An offshore rig
Exploration & Production

Valaris rig gearing up for ‘main activity’ in Jadestone’s 2025 drilling program

A jack-up rig owned by offshore drilling contractor Valaris has arrived in Australia to start working on a drilling campaign for the Singapore-headquartered oil and gas player Jadestone Energy.

about 1 year ago
Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy
Exploration & Production

BP and SOCAR join NewMed in grabbing slice of multi-license gas exploration pie off Israel

Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli

about 1 year ago
FPSO P-74 in Santos Basin pre-salt layer captures and reinjects CO2 reduces CO2 emissions and optimizes oil recovery; Source: Petrobras
Exploration & Production

22 FPSOs in Brazil’s pre-salt enable Petrobras to break C02 reinjection record

Petrobras has tucked a new carbon dioxide (CO2) reinjection milestone in the Santos Basin pre-salt layer under its belt, thanks to 22 floating production, storage, and offloading (FPSO) vessels capturing and reinjecting CO2 off the coast of Brazil.

about 1 year ago
North Sea; Source: OEUK
Exploration & Production

$452 billion shot in UK economy’s arm on the table with oil & gas and other homegrown energy

With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor

about 1 year ago
An offshore drilling rig
Exploration & Production

Chinese major makes ‘hundred-million-ton’ oil discovery in South China Sea

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has made what it says is a major oilfield discovery in the deep and ultra-deep South China Sea plays.

about 1 year ago
Alaska LNG
Exploration & Production

US player tasked with taking Alaskan LNG project to finish line

Alaska Gasline Development Corporation (AGDC) has signed binding agreements with Glenfarne Alaska LNG, an affiliate of Glenfarne Group, for the latter to become the majority owner of a liquefied natural gas (LNG) export project in Alaska and lead its development to construction.

about 1 year ago
Danish wave energy technology company Exowave is entering a crucial phase in developing its wave energy technology. The power take-off (PTO) system is set for wet testing in the coming weeks.
Exploration & Production

Danish wave energy firm gears up for final PTO testing

Danish wave energy technology company Exowave is entering an important phase of developing its wave energy technology, as the power take-off (PTO) system is set for wet testing in the coming weeks. “We’re thrilled to share that the PTO assembly is progressing exceptionally well—faster than expected

about 1 year ago
An offshore rig
Exploration & Production

No luck for OMV as its North Sea wildcat comes up dry

OMV Norge, a Norwegian subsidiary of Austria-headquartered oil and gas player OMV, has failed to find hydrocarbons at its wildcat in the northern part of the North Sea, resulting in the well’s plug and abandonment.

about 1 year ago
UK-based Global OTEC is advancing ocean thermal energy with its first onshore pilot of the OTEC Power Module, a compact system designed to generate continuous, clean electricity from ocean temperature
Exploration & Production

Global OTEC unveils ‘largest onshore’ OTEC pilot to date

UK-based Global OTEC is advancing ocean thermal energy with its first onshore pilot of the OTEC Power Module, a compact system designed to generate continuous, clean electricity from ocean temperature gradients. The onshore demonstration will tap into existing deep seawater intake sites, using the t

about 1 year ago
Deepsea Yantai; Source: Odfjell Drilling
Exploration & Production

DNO continues North Sea ‘hot streak’ with fresh oil & gas find

Norwegian oil and gas operator DNO has made an oil and gas discovery in a license it operates in the Northern North Sea using a semi-submersible rig owned by China’s CMC and managed by Odfjell Drilling.

about 1 year ago
TechnipFMC illustration
Exploration & Production

Contract worth over $1 billion comes to TechnipFMC for Shell’s recently sanctioned deepwater project in Brazil

Shortly after reporting an integrated engineering, procurement, construction, and installation (iEPCI) contract with Equinor in Norway, TechnipFMC has secured another one, this time with Shell in Brazil, worth over $1 billion. The iEPCI contract has been awarded for Shell’s Gato do Mato greenfield d

about 1 year ago
Gannet platform in North Sea; Source: Shell
Exploration & Production

Shell presents gas & LNG as safe bets but keeps low carbon and renewable tools in play

Shell showcased its investment plans for the future, spotlighting its commitment to oil and gas to unlock longevity, further growth, and attractive returns.

14 minutes read
Transocean Barents rig; Source: OMV Petrom and Romgaz
Exploration & Production

Transocean rig spuds first of ten gas wells in Black Sea drilling campaign

OMV Petrom and Romgaz have started drilling the first gas production well in their multi-well program in the Romanian sector of the Black Sea with a semi-submersible rig, owned by Transocean, a Switzerland-based offshore drilling giant.

about 1 year ago
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