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Exploration & Production

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Illustration; Source: Worley
Exploration & Production

In focus: Tackling energy trilemma with oil & gas industry calling the shots

With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?

12 minutes read
West Hercules rig; Source: Equinor; Credit: Ole Jørgen Bratland
Exploration & Production
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Once Norwegian Sea licence is dropped, Longboat plans to pick it up

Longboat Energy is seeking to forge a new group of partners to re-apply for a license in the Norwegian Sea, once it has been abandoned.

about 3 years ago
FPSO Petrojarl Knarr, which is expected to work on Equinor’s Rosebank oil and gas field off the coast of Shetland; Source: Altera Infrastructure
Exploration & Production

Equinor buying Suncor’s UK assets for $850 million

Equinor has inked an agreement to acquire Suncor Energy UK Limited, a subsidiary of Canada’s Suncor, for a total consideration of $850 million.

about 3 years ago
Map of the acreage position in the West of Shetlands; Source: Spark New Energies
Exploration & Production

UK oil & gas player buying West of Shetland assets

Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has executed a share purchase agreement to acquire Spark Exploration UK.

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Exploration & Production

Aker BP’s North Sea well comes up dry

Aker BP has completed the drilling of an exploration well near the Edvard Grieg field in the Norwegian sector of the North Sea but failed to find hydrocarbons.

about 3 years ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Exploration & Production

Recent oil discovery in Barents Sea puts forward tie-back to existing FPSO

Vår Energi’s oil discovery near the Goliat field in the Barents Sea has brought the possibility of a tie-back to the existing infrastructure.

about 3 years ago
Troll A platform in the North Sea; Credit: Harald Pettersen/Equinor
Exploration & Production

With additional stake in five discoveries, Equinor bolsters North Sea position

Equinor has strengthened its position in the northern North Sea by inking an agreement to expand its equity interest in five discoveries on the Norwegian continental shelf (NCS).

about 3 years ago
Illustration; Source: DNV
Exploration & Production

Security of supply to surpass clean and affordable parts of energy trilemma in 2023, says DNV

DNV, a Norway-based classification society, which predicts that energy security will be the top priority in the energy trilemma this year.

about 3 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Exploration & Production

Two SBM Offshore’s FPSOs slated for first oil in 2023

SBM Offshore is working on several FPSO projects and two of these vessels are expected to achieve the first oil this year.

about 3 years ago
Coral-Sul FLNG; Source: Eni
Exploration & Production

Set on diversifying energy sources’ geographic mix, Eni joins peers in posting bumper profits in 2022

After more than doubling its annual profit in 2022, Eni has unveiled a strategic plan forward, putting the diversification of energy sources’ geographic mix at its core.

12 minutes read
Statfjord B; Credit: Harald Pettersen/Equinor
Exploration & Production

With probe into gas leaks on North Sea platform done, Equinor gets regulatory order

Norwegian offshore safety regulator has finished investigating gas leaks on one of the Equinor-operated platforms located in the North Sea.

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

Equinor tasked with tackling five improvement points at Johan Sverdrup

Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified improvement points will be sorted out.

about 3 years ago
Valaris 118, formerly known as Joe Douglas; Source: BP
Exploration & Production

Valaris builds on ‘contracting success’ from 2022 with new floater and jack-up deals in 2023

Valaris has revealed a robust performance during 4Q 2022 while kicking off 2023 with new contracts and extensions for its rig fleet.

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

IEA: Fraction of bumper profits during 2022 can slash oil & gas sector’s methane emissions

Methane emissions remained stubbornly high in 2022, even as soaring energy prices made actions to reduce them cheaper than ever, says IEA.

about 3 years ago