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Exploration & Production

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TotalEnergies
Exploration & Production

2022: a banner year for TotalEnergies’profit with LNG as a trump card for further growth

After boosting its annual profits in 2022, TotalEnergies plans to strengthen its position in Europe by pursuing further LNG growth.

about 3 years ago
Masdar and Verbund ally on hydrogen production
Exploration & Production

Masdar and Verbund ally on hydrogen production

Abu Dhabi-based clean energy company Masdar and Austria’s energy utility company Verbund have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen for the Central Europe market. As per the agreement, the two companies will cooperate on developing pathways to produce

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about 3 years ago
Noble Resilient (former Maersk Resilient) jack-up rig; Source: Maersk Drilling
Exploration & Production

Shell’s UK prospect seen as one of North Sea’s ‘largest natural gas discoveries’ in over a decade

Shell has completed flow test results for the Pensacola well in the North Sea, which is said to have opened a new Zechstein play in this mature basin.

about 3 years ago
BP
Exploration & Production

‘Performing while transforming’ pays off for BP as it joins other oil majors in profit bonanza

After BP more than doubled its annual profit in 2022 on the back of high oil and gas prices, the oil major is now caught in environmentalists’ crosshairs.

about 3 years ago
Uniper to negotiate green ammonia offtake from India’s Kakinada
Exploration & Production

Uniper to negotiate green ammonia offtake from India’s Kakinada

German-based energy company Uniper and Greenko ZeroC Private Limited, a subsidiary of India’s Greenko Group, have signed a Memorandum of Understanding (MoU) and Heads of Terms for Uniper to enter into exclusive negotiations for the offtake of green ammonia from Phase 1 of Greenko ZeroC’s ammonia pro

about 3 years ago
Offshore Energies UK (OEUK)
Exploration & Production

OEUK: Calls for UK windfall tax on oil & gas player’s global profits ‘deliberately misleading’

Offshore Energies UK (OEUK) has warned that the calls for new windfall taxes on energy producers’ global profits are misleading.

about 3 years ago
Oseberg C; Credit: Øyvind Hagen/Equinor
Exploration & Production

Equinor to tackle helideck nonconformities at two North Sea platforms

Norwegian regulator has conducted an audit of the management of emergency preparedness and helidecks at Equinor’s two North Sea platforms.

about 3 years ago
Stena Spey rig; Source: Stena Drilling
Exploration & Production

Fresh UK gig for Stena Drilling rig

Offshore drilling contractor Stena Drilling has secured a new contract for a semi-submersible rig with Ithaca Energy for operations off the UK.

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

Volatility in oil & gas prices on the cards for 2023 after roller-coaster ride in 2022, says Westwood

Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.

about 3 years ago
Petrojarl Knarr FPSO; Source: Altera Infrastructure
Exploration & Production

Drydocks World and Aker Solutions to revamp FPSO destined for UK’s giant oil & gas field

Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.

about 3 years ago
January brings increase to offshore rig count
Exploration & Production

January brings increase to offshore rig count

The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.

about 3 years ago
FPSO Norne; Source: Equinor
Exploration & Production

New task for Equinor to address nonconformities on FPSO

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

about 3 years ago
Shell
Exploration & Production

Shell doubles profit in 2022 to record-breaking $40 billion

Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.

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

‘Abundance’ of gas pay at Black Sea well exceeds expectations

Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago