Africa is conservatively forecast to reach peak gas production at 470 Bcm by the late 2030s, according to Rystad Energy research.
Oil and gas company Aker BP has concluded the drilling of a wildcat well in the North Sea offshore Norway but it failed to find hydrocarbons.
Norwegian offshore safety regulator has launched an investigation into a lifting incident on one of the Odfjell Drilling-owned rigs.
PGNiG Upstream Norway plans to produce an additional volume of approximately 0.5 billion cubic meters of natural gas this year.
Pre-FEED work has started for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopec-operated Piper Bravo platform.
Harbour Energy has started production from its delayed project in the North Sea, which is expected to boost the UK’s domestic production.
Odfjell Technology is on track to successfully complete its three-year drilling project in the Black Sea with Black Sea Oil & Gas (BSOG).
Neptune Energy will spend more than $1 billion over the next five years securing energy supplies for the UK.
Petrogas plans to develop its Birgitta gas field in the UK North Sea within the next three years following the completion of an appraisal well.
Equinor is exiting the Greater Ekofisk Area and selling a share of Martin Linge field off Norway for a total of $1 billion.
ConocoPhillips and its partners have submitted a PDO for a project in the Greater Ekofisk Area with investments totalling around $1.2 bln.
Kongsberg Maritime has inked a deal with Yinson to deliver electrical and control technologies for an FPSO, which will operate off Brazil.
Longboat has executed a farm-in agreement with OMV for two prospects on the NCS, boosting its net unrisked mean resources by 68 per cent.
Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.
