Wood Mackenzie believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered.
Following a two-month drilling hiatus over an issue with Noble’s rig, IOG plc is preparing to spud a development well in the North Sea.
Siccar Point Energy has decided to suspend its controversial Cambo offshore oilfield development following a recent exit by Shell.
Lukoil and Petronas have changed their previous agreement related to Lukoil’s acquisition of an interest in the Shah Deniz project.
A consortium comprising ExxonMobil and QatarEnergy has signed an exploration and production sharing contract with Cyprus.
Lundin has received consent from the offshore regulator to use the Deepsea Stavanger rig for exploration drilling in the Norwegian Sea.
HitecVision-backed NEO Energy has finally completed the acquisition of ExxonMobil’s non-operated oil and gas assets in the North Sea.
PGNiG is in the process of concluding the drilling of a wildcat well in the Norwegian Sea, as the well turned out to be dry.
Rockhopper, Harbour Energy, and Navitas Petroleum have signed heads of terms, which will allow Harbour a clean exit from the Sea Lion project.
UK company Spirit Energy has entered into agreements to divest its Norwegian business, including the Statfjord UK field for $1.076 million.
Wood has secured a contract with Saudi Aramco to deliver services for two of its oilfields in Saudi Arabia.
UK’s petroleum regulator has selected three winners for its £1 million electrification competition, aiming to advance oil and gas electrification plans.
Siccar Point Energy has confirmed that Shell, its partner in the Cambo development, has taken the decision not to progress its investment.
About 300 oil and gas workers in the UK North Sea are preparing to take strike action amid a dispute over terms and conditions cuts.
