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Exploration & Production

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FPSO One Guyana for ExxonMobil's oil project offshore Guyana; Source: SBM Offshore
Exploration & Production

ExxonMobil and Chevron feel bite of lower gas prices but multi-billion profits still in the bag

ExxonMobil and Chevron have joined their European counterparts in posting quarterly results affected by a global plunge in gas prices.

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Exploration & Production

Equinor gets ready to spud North Sea pair in June

Equinor has secured a drilling permit from the country’s authorities for two exploration wells in the North Sea off the coast of Norway.

about 2 years ago
Tyra II; Source: TotalEnergies
Exploration & Production

Delay on the horizon: TotalEnergies’ testing and commissioning being prolonged at giant North Sea project

TotalEnergies is anticipating a longer testing program and commissioning plan for the achievement of full technical capacity at its gas project in the Danish sector of the North Sea.

about 2 years ago
Illustration; Source: Petrobras
Exploration & Production

Perenco plans to revitalize oil fields offshore Brazil once it takes over two assets from Petrobras

Perenco has unveiled a redevelopment plan for two oil assets in the Campos Basin off the coast of Brazil, which the firm will acquire from Petrobras.

about 2 years ago
Deepwater Gunashli platform; Source: BP
Exploration & Production

BP shuts down oil production at offshore platform in Azerbaijan

BP has temporarily stopped production from one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan.

about 2 years ago
Illustration; Credit: Taylor Ken/TotalEnergies
Exploration & Production

Dip in gas prices takes its toll on profit but multi-energy recipe still comes through for TotalEnergies

TotalEnergies has set its cap on pursuing a balancing act between hydrocarbons and low-carbon and green sources of supply, which cushioned the fall in profit due to the downward trend in gas prices.

about 2 years ago
Illustration; Source: Bureau of Safety and Environmental Enforcement (BSEE)
Exploration & Production

Activists go toe to toe with Big Oil in court to challenge Trump-era Gulf of Mexico drilling allowance

Earthjustice, a nonprofit environmental law organization, is preparing once again to fight tooth and nail to overthrow a Trump-era allowance in court.

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Exploration & Production

Equinor all set to kick off drilling ops with Transocean rig

Equinor has received consent to embark on offshore drilling activities with one of Transocean’s rigs in the Barents Sea.

about 2 years ago
New Japanese alliance looking into ammonia supply chain in Hokkaido
Exploration & Production

New Japanese alliance looking into ammonia supply chain in Hokkaido

Japanese companies have started a joint study for the establishment of an ammonia supply chain based in the Tomakomai area of Hokkaido.

about 2 years ago
Illustration; Source: ADES
Exploration & Production

‘Major’ oil player books jack-up rig for drilling gig offshore Qatar

ADES Holding Company has secured a long-term assignment for one of its jack-up rigs off the coast of Qatar.

about 2 years ago
Johan Sverdrup; Credit: Arne Reidar Mortensen/Equinor
Exploration & Production

Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

about 2 years ago
Mitsubishi Heavy Industries starts SOEC testing at Takasago Hydrogen Park
Exploration & Production

Mitsubishi Heavy Industries starts SOEC testing at Takasago Hydrogen Park

Mitsubishi Heavy Industries (MHI) has commenced the operation of a test module of the solid oxide electrolysis cell (SOEC) at Takasago Hydrogen Park.

about 2 years ago
Sintana Energy
Exploration & Production

Canadian oil & gas firm widens its footprint in Namibia’s prolific Orange Basin

Sintana Energy is entering a new license offshore Namibia, thanks to a deal with Crown Energy for the acquisition of a stake in Giraffe Energy.

about 2 years ago
FSO Palanca; Source Stapem Offshore
Exploration & Production

Seal of approval for UK oil & gas firm to expand its stake in Angolan offshore blocks

Afentra plc has received the Angolan government’s blessing for its acquisition of additional interest in two blocks off the coast of Angola.

about 2 years ago
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