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Exploration & Production

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Fossil EnergyOil & GasBusiness & FinanceBusiness Developments & ProjectsClean FuelLiquefied Natural GasRigsAuthorities & GovernmentRegulation & PolicyFPSO & VesselsProduction & ProcessingSubseaSurveys & InterventionsVessels & VehiclesProject & TendersOther FuelsOperations & MaintenanceRules & Regulation
Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Exploration & Production

$11 billion investment agenda on Gazprom’s 2026 horizon

Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB 1.64 tr

about 9 months ago
Louisiana LNG
Exploration & Production

BOTAŞ and Woodside seal multi-year LNG deal

Türkiye’s state-owned Boru Hatları ile Petrol Taşıma Anonim Şirketi (BOTAŞ) has signed off on a long-term liquefied natural gas (LNG) agreement with Australia’s energy giant Woodside, which is expected to further diversify the energy mix and strengthen the security of supply for Türkiye.

about 9 months ago
Scarabeo 8 rig; Source: Saipem
Exploration & Production

Drilling ops with Saipem rig cleared for take-off in North Sea

Norwegian authorities have given their blessing for exploration drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a semi-submersible rig owned by Saipem, an Italian engineering, drilling, and construction

about 10 months ago
Helix to go on P&A duty in UK North Sea in 2026
Exploration & Production

Helix to go on P&A duty in UK North Sea in 2026

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a multi-year contract for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The award came from a “major operator”, as Helix said, and includes the flushing and disconn

about 10 months ago
Snohvit Future project (illustration); Source: Equinor
Exploration & Production

Rise in costs to $1.98 billion among factors impacting Equinor’s low-emission gas project

Norwegian state-controlled energy giant Equinor has revealed an increase in costs for a project anticipated to strengthen Norway’s position as a reliable and long-term supplier of gas produced with very low greenhouse gas (GHG) emissions. The company explains that onshore compression is now expected

about 10 months ago
Transocean Encourage rig; Source: Transocean
Exploration & Production

Fresh oil and gas/condensate find comes to light offshore Norway

Equinor, a Norwegian state-owned oil and gas giant, has uncovered a new oil and gas/condensate discovery that enriches its hydrocarbon arsenal off the coast of Norway.

about 10 months ago
PPF; Source: ConocoPhillips
Exploration & Production

Poland’s Orlen strengthens its Norwegian oil & gas portfolio with acquisition wrap-up

Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has brought into its fold the interests Norwegian oil and gas player DNO held in two fields off the coast of Norway.

about 10 months ago
Scarabeo 8; Source: Saipem
Exploration & Production

Oil & gas operator keeping Saipem’s 2012-built rig busy into 2028

Italy’s engineering, drilling, and construction services giant Saipem has landed a third contract extension for its 13-year-old semi-submersible drilling rig with Aker BP, a Norwegian oil and gas player, for operations off the coast of Norway.

about 10 months ago
Illustration; Source: Archer
Exploration & Production

Archer staying on North Sea platform drilling and maintenance duty for three more years

Norway’s oil and gas player Aker BP has prolonged an assignment Oslo Stock Exchange-listed oil services company Archer is carrying out in the Norwegian sector of the North Sea.

about 10 months ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Exploration & Production

Odfjell Drilling firms up 11-year-old rig’s multi-year gig in Norwegian waters

Odfjell Drilling, a 52-year-old offshore drilling player, has turned a letter of intent (LoI) into a new contract for its 2014-built semi-submersible rig, which will now be booked for work until the first quarter of 2029.

about 10 months ago
An offshore rig
Exploration & Production

North Sea yields fresh gas and condensate discovery

Harbour Energy Norge, a subsidiary of London-listed oil and gas company Harbour Energy, has made a new gas and condensate discovery in the Norwegian sector of the North Sea, which was drilled with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 10 months ago
Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027
Exploration & Production

Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027

Subsea7 has secured a subsea engineering, procurement, construction and installation (EPCI) contract with ConocoPhillips Skandinavia for the Previously Produced Fields (PPF) development project offshore Norway. The EPCI scope covers subsea structures, umbilicals, risers and flowlines (SURF) and will

about 10 months ago
Prigorodnoye production complex at Sakhalin II project; Source: Gazprom
Exploration & Production

EU draws the line on Russian gas with gradual ban from 2026, oil set to follow suit in 2027

Given its determination to shake off the shackles of dependence on Russian oil and gas imports, the European Union (EU) has decided to lay down the law on these fossil fuels by holding the line on the proposed gradual ban on imports of pipeline gas and liquefied natural gas (LNG) from next year, wit

about 10 months ago
Noble Resolute; Source: Noble Corporation
Exploration & Production

Noble, Borr Drilling, and ADES jack-up rig trio hard at work in Dutch North Sea

Three jack-up rigs, owned by Noble Corporation, ADES (former Shelf Drilling), and Borr Drilling, are carrying out oil and gas drilling activities in the Dutch sector of the North Sea (DNS) for Canada’s Tenaz Energy, the Netherlands-based ONE-Dyas, and Italy’s Eni.

about 10 months ago
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