Shell has joined BP and Equinor in a decision to exit Russia-related businesses following Russia’s attack on Ukraine.
Serica has stopped production from a field located in the UK North Sea for repair and replacement following a subsea control module issue.
Neptune Energy has started drilling the Hamlet exploration well located in the Norwegian sector of the North Sea.
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a wildcat well located offshore Norway.
Oil prices soared on Thursday with Brent surging over the $100 barrel mark for the first time in eight years.
Energy industry leaders believe the energy transition is accelerating and that 2022 is set to be a strong year for growth, DNV has said.
UK’s Fraser Well Management believes that its new contract demonstrates the growing confidence in the hydrocarbon potential of the North Sea.
Norway’s oil production in January 2022 fell behind NPD’s predictions by 2.3 per cent, while the gas output also experienced a decrease.
Equinor has shut down the Veslefrikk field, located in the North Sea, in preparation for the upcoming decommissioning activities.
Neptune Energy has awarded a series of contracts to support ongoing operations at its Cygnus Alpha and Bravo platforms in the UK North Sea.
Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance.
Offshore drilling contractor Odfjell Drilling will be taking over the management of a jack-up drilling rig from Seadrill.
IOG is experiencing a further delay in the start-up of its Saturn Banks Project – Phase 1 due to stormy weather conditions.
Lukoil has completed the acquisition of Petronas’ interest in the BP-operated Shah Deniz natural gas project in the Caspian Sea.
