Borr Drilling has secured letters of award (LOA) for two premium jack-up drilling rigs, which increase the company’s firm backlog by approximately 421 days, excluding optional periods.
Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.
Transocean has won a bundle of new contracts and extensions in Mexico, Australia, Norway, Lebanon, and the East Mediterranean Sea.
With the demand for black gold still going strong, Europe has replaced Russian oil barrel for barrel by importing more from other producers.
A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.
The installation of the much-anticipated South Pars (SP) Phase 11 platform has been completed in the Persian Gulf.
Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.
Baker Hughes’ international rig count report shows that the number of offshore rigs experienced a downward trend in June 2023.
Saipem has secured offshore drilling assignments in the Middle East and the Mediterranean Sea for two rigs.
Seadrill is contemplating the sale of three jack-up rigs, which are working in Qatar, along with its interest in Gulfdrill LLC.
UAE’s ADNOC Drilling has secured long-term contracts for five jack-up rigs, totalling approximately $2 billion.
Eni and Vår Energi will acquire Neptune’s entire portfolio, aside from its business in Germany, for an aggregate enterprise value of $4.9 billion.
Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.
The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.
