If Turkey develops the giant Tuna-1 (Danube-1) gas discovery, it could potentially save the country up to $21 billion in import costs, Rystad Energy estimates.
Offshore drilling contractor Noble Corp. has won more work for some of its drilling rigs but has also seen its day rates slashed.
Noble Corporation has been awarded a contract by Equinor for drilling three wells at the Valemon field from the summer of 2021, using the Noble Lloyd Noble drilling rig.
Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
Oil and gas company Neptune Energy has started drilling the Bue well on the offshore Fenja field in the Norwegian Sea.
Equinor has decided to drill new wells on its operated Martin Linge field, located offshore Norway, due to barrier deficiencies discovered in previous wells.
PGS and Ocean Floor Geophysics (OFG) have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. Oslo-listed PGS receives shares in Canada-based OFG as settlement for the transa
The worldwide offshore rig count in August 2020 dropped by 74 rigs year-over-year but is up 3 rigs sequentially, according to a report by Baker Hughes.
Axxis Geo Solutions (AGS) has entered into a data licensing agreement with an undisclosed international oil company. The late sale is related to the company’s OBN seismic data library over Utsira in Norway. The Utsira OBN seismic data library is now in its final stage of data processing. Processing
Premier Oil and Spirit Energy have added a total of 14 new blocks to their UK North Sea portfolio in OGA’s 32nd Offshore Licensing Round.
Prosafe and oil major Shell have agreed to defer and amend the contract for the Safe Zephyrus to provide accommodation services in support of the Shearwater platform turnaround in the UK North Sea.
Wintershall Dea has completed another milestone for its operated Nova project, located offshore Norway, following the installation of the risers on the North Sea field.
The UK’s Oil and Gas Authority (OGA) has offered for award 113 licence areas over 259 blocks or part-blocks to 65 companies in the latest offshore licensing round.
Norwegian offshore safety watchdog has launched an investigation into challenges related to the completion of the hull and equipment for Equinor’s Johan Castberg FPSO.
