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Exploration & Production

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Equinor expands Archer’s scope for P&A of 30 subsea wells
Exploration & Production

Equinor expands Archer’s scope for P&A of 30 subsea wells

Norwegian state-owned energy company Equinor has awarded oil services company Archer with a multi-year integrated contract covering the plug and abandonment (P&A) of 30 subsea wells, with options for the extension to other such projects across Equinor’s portfolio. The contract builds on the planning

about 9 months ago
Transocean Enabler rig at sea
Exploration & Production

Transocean rig pair picks up multimillion-dollar gigs with BP and Equinor

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Transocean, an offshore drilling giant, has secured more drilling work for two mobile offshore drilling units (MODUs) off the coasts of Brazil and Norway.

about 9 months ago
Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator
Exploration & Production

Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator

Scotland-headquartered engineering and design company T12 Engineering is set to design and manufacture a 60-ton subsea modular structure for a Norwegian oil & gas operator. Under the contract defined as major, T12 Engineering will project manage the engineering, procurement, and construction (EPC) o

about 9 months ago
Port
Exploration & Production

Global energy transition drags its feet as oil & gas reign over energy mix

Against the backdrop of rising greenhouse gas (GHG) emissions, energy security and financial prudence are running the investment policy show, putting the transition to low-carbon and green sources of supply on the back burner, as fossil fuels dominate the energy mix, according to GlobalData, an inte

about 9 months ago
Illustration; Source: Rystad Energy
Exploration & Production

Energy outlook: 12 trends set to shape 2026 power spectrum

With market volatility, geopolitics, and policy repercussions expected to be among the key drivers affecting the global energy landscape, Rystad Energy, an energy market intelligence group, has outlined 12 predictions for the year ahead, noting opportunities and challenges that will unfold alongside

about 9 months ago
Illustration; Source: Westwood
Exploration & Production

Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards?

Given that the number of players engaged in high-impact (HI) oil and gas exploration operations has been cut in half since 2014, Westwood Global Energy, an energy market research and consultancy firm, has warned about the uncertainty surrounding new hydrocarbon search attempts, while emphasizing the

about 9 months ago
Illustration: Source: Wood Mackenzie
Exploration & Production

Investment shift from low carbon toward upstream to continue in 2026

After the portfolio recalibrations and restructuring marked the oil and gas industry’s landscape in 2025, Wood Mackenzie, an energy intelligence group, has outlined that the trend will continue in 2026, with oil and gas corporates expected to face “an even tougher strategic balancing act” this year.

about 9 months ago
FPSO; Source: MODEC
Exploration & Production

Throwback: Top oil & gas final investment decision picks

As the global oil and gas story expands with new discoveries and projects, many operators have been laying the groundwork to make final investment decisions (FIDs) for the undeveloped assets in their portfolios. Since many companies decided to sanction their existing developments in 2025, Offshore E

about 9 months ago
Armada Olombendo FPSO is operating for Eni off Angola
Exploration & Production

2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition

While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth or fiction, that did not make it to the finish

about 9 months ago
Illustration; Source: ADES
Exploration & Production

Ten big consolidation moves across rig, oil & gas, and shipping spheres

As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their plac

about 9 months ago
Offshore Energy Recap 2024
Exploration & Production

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 9 months ago
FPSO Penguins; Source: Shell
Exploration & Production

Highlights reel of top UK oil & gas consolidation plays

The global oil and gas scene is witnessing a wave of consolidation moves through strategic mergers and acquisitions, especially in the United Kingdom (UK), where the windfall tax on oil and gas producers’ profits remains in force. The transformation across Britain’s hydrocarbon industry is gaining g

about 9 months ago
Saipem tasked with more work at Türkiye's largest natural gas field under $425M contract
Exploration & Production

Saipem tasked with more work at Türkiye’s largest natural gas field under $425M contract

Italy’s Saipem has secured additional work at the largest natural gas field in Türkiye as part of a new contract with Turkish Petroleum Offshore Technology Center (TP-OTC) worth approximately $425 million. The contract has been secured for the extension of the third phase of the Sakarya gas field de

about 9 months ago
Deep Value Driller drillship; Source: Deep Value Driller
Exploration & Production

Saipem keeping seventh-gen drillship longer in its rig fleet

Italy’s engineering, drilling, and construction services giant Saipem has prolonged the stay of a chartered seventh-generation drillship in its rig fleet.

about 9 months ago