While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.
Equinor has secured a drilling permit from Norway’s authorities for an exploration well in the Norwegian Sea, which will be drilled using one of Odfjell Drilling’s rigs.
Equinor has made a new oil and gas discovery near the Fram field in the North Sea off Norway, using an Odfjell Drilling-owned rig. This is Equinor’s eighth discovery in the area since 2019.
Aker BP has kicked off production from a field in the North Sea off Norway, after fast-tracking the development to achieve the first oil.
Eidesvik Offshore has been awarded a contract for another of its PSVs by Wintershall Dea for operations offshore Norway.
UK’s regulator North Sea Transition Authority (NSTA) says flaring has been cut in half, following four consecutive years of reductions.
Eidesvik has secured a contract extension for one of its PSVs with Wintershall Dea, enabling the vessel to continue working off Norway.
The North Sea Chapter of the International Association of Drilling Contractors (IADC) has urged politicians to maintain focus to avoid ‘economic adversity’ for the UK.
Equinor has secured a drilling permit from the country’s authorities for two wells in the North Sea off Norway.
Aker BP has received consent from Norway’s regulator to use one of Noble’s rigs at a field located in the North Sea off Norway.
Caspian Sunrise, an oil and gas company with a focus on Kazakhstan, has inked a deal for the Caspian Explorer drilling vessel, enabling it to undertake operations in the Caspian Sea.
Baker Hughes’ international rig count report shows that the number of offshore rigs took a downturn in February 2023, slipping by 4 units, compared to last month.
IOG plc has started drilling the second Blythe production well, as part of the Saturn Banks Project – Phase 1 in the UK Southern North Sea.
