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Exploration & Production

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Deepwater Atlas drillship (for illustration purposes); Source: Transocean
Exploration & Production

International offshore rig count slips down a few more notches

With the number of offshore rigs on a downward trajectory, Baker Hughes’ international rig count report shows five units less in October 2023 than the month before

about 2 years ago
Illustration; Source: The International Energy Agency (IEA)
Exploration & Production

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

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The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 2 years ago
Deepwater Titan drillship; Source: Transocean
Exploration & Production

Backlog boost for sixth quarter in a row stokes Transocean’s multi-year upcycle hopes

Transocean has enlarged its contract backlog for the sixth consecutive quarter, expanding it to $9.4 billion at the end of 3Q 2023.

about 2 years ago
Illustration; Source: NewMed Energy
Exploration & Production

More action needed before Israel grants multiple exploration blocks to SOCAR, NewMed, and BP

Israel’s Ministry of Energy has set its cap on approving the award of six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ) to Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilling – and Britain’s BP.

about 2 years ago
Wood Mackenzie
Exploration & Production

With different decarbonization pathways in play, how are NOCs holding up against IOCs?

Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.

about 3 years ago
Illustration; Source: DNV
Exploration & Production

Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV

DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.

about 3 years ago
North Field off Qatar; Source: QatarEnergy LNG
Exploration & Production

TotalEnergies and QatarEnergy strengthen ties with 27-year LNG supply deals to bolster France’s energy security

QatarEnergy has inked two long-term LNG sale and purchase agreements (SPAs) with TotalEnergies for the supply of up to 3.5 mtpa of LNG.

about 3 years ago
Recently shut-in Tamar platform off Israel; Source: Chevron
Exploration & Production

With oil & gas markets on tenterhooks in the wake of the Israel-Palestine war, is a reinvigorated push for clean energy coming?

While current impacts are bound to be limited, a further spike along with a disruption of oil supplies are believed to be on the cards if Iran joins the fray.

11 minutes read
In focus: Is natural gas crucial element of energy transition?
Exploration & Production

In focus: Is natural gas crucial element of energy transition?

With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi

about 3 years ago
Noble-owned Khamsin drillship (for illustration purposes); Source: Equinor
Exploration & Production

International offshore rig count takes a downturn

Baker Hughes’ international rig count report shows a sharp drop in the number of offshore rigs in September 2023.

about 3 years ago
Illustration; Source: ADNOC
Exploration & Production

ADNOC sanctions giant gas development designed to run with net-zero CO2 emissions

ADNOC) has made a final investment decision and awarded of batch of contracts for a giant gas development, which aims to operate with net-zero carbon dioxide (CO2) emissions.

about 3 years ago
Illustration; Source: SLB
Exploration & Production

SLB unveils ‘plug-and-play’ methane monitoring tool for oil & gas ops

SLB has launched a compact methane instrument, enabling continuous methane monitoring across oil and gas operations.

about 3 years ago
Illustration; Source: QatarEnergy
Exploration & Production

BP, QatarEnergy, and Eni get their hands on new exploration block off Egypt

A consortium – comprising Qatar’s QatarEnergy, the UK’s BP, and Italy’s Eni – has been awarded a new exploration block offshore Egypt.

about 3 years ago
Arabia III jack-up rig; Source: Borr Drilling
Exploration & Production

What’s happening with Borr Drilling’s rigs?

Offshore drilling contractor Borr Drilling has provided a contracting and activity update for five rigs in its fleet.

about 3 years ago