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Exploration & Production

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Canadian firm unveils spud date for Black Sea campaign and new exec appointments
Exploration & Production

Canadian firm unveils spud date for Black Sea campaign and new exec appointments

Trillion Energy is days away from kicking off its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea offshore Türkiye.

about 4 years ago
energy
Exploration & Production

In focus: A snapshot of the future of offshore energy

A closer look at this week’s snapshot of the most recent energy transition-related developments reveals an outline of what the future may hold for the sector.

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about 4 years ago
Terra Nova FPSO - Suncor
Exploration & Production

Canadian FPSO on track to return to home waters before year-end

Suncor has revealed that the Terra Nova life extension project is making progress and the FPSO is expected back in Canada by the end of 2022.

about 4 years ago
Stena IceMAX drillship
Exploration & Production

BP selects Stena drillship to drill Canadian well

Offshore drilling contractor Stena Drilling has secured a new drilling contract from BP for operations offshore Canada.

about 4 years ago
Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts
Exploration & Production

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

about 4 years ago
Canadian regulator takes Hibernia oil spill case to court
Exploration & Production

Hibernia oil spill case goes to court three years after it took place

Canadian regulator has brought charges against the company operating the Hibernia platform due to an oil spill, which occurred in July 2019.

about 4 years ago
Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises
Exploration & Production

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago
Illustration of the Bay du Nord FPSO unit
Exploration & Production

BP entering Bay du Nord project in Canada as part of its focus on future offshore growth

Oil and gas major BP is expanding its footprint offshore Canada by entering the Equinor-operated Bay du Nord project development.

about 4 years ago
SeaRose FPSO off Canada
Exploration & Production

Construction on Canadian oil project set to restart following suspension of over two years

Canada’s Cenovus Energy and its partners have agreed to restart the West White Rose Project offshore Newfoundland and Labrador.

about 4 years ago
Uranus rig - GSP Offshore
Exploration & Production

Jack-up rig hired for drilling on gas field offshore Turkey

Trillion Energy has signed a definitive offshore drilling services contract with GSP to secure a jack-up rig for a campaign offshore Turkey.

about 4 years ago
Equinor is using the West Hercules rig for drilling off Canada
Exploration & Production

Norway’s Equinor spuds exploration well offshore Canada

Norwegian energy giant Equinor has started its drilling campaign offshore Canada. The success of this campaign would contribute to Bay du Nord’s resources.

about 4 years ago
Projection on Equinor's HQ on 10 May ahead of AGM - Bay du Nord
Exploration & Production

The plot thickens for controversial Bay du Nord oil project despite govt approval

Norwegian state-controlled oil and gas giant Equinor is now facing more challenges related to the development of its controversial Bay du Nord offshore oil project located in Canada despite recent approval by the government.

about 4 years ago
Odfjell Drilling to take over management of yet another rig from Seadrill
Exploration & Production

Odfjell Drilling to take over management of yet another rig from Seadrill

SFL has inked a new deal with Odfjell Drilling, enabling the latter to replace Seadrill as the manager of another drilling rig.

about 4 years ago
Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says
Exploration & Production

Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says

Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.

about 4 years ago