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Exploration & Production

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Fossil EnergyFPSO & VesselsOil & GasBusiness & FinanceBusiness Developments & ProjectsCollaborationOutlook & StrategyProject & TendersVesselsRigsClean FuelHydrogenOffshore WindCarbon Capture Usage & StorageEquipmentMarket OutlooksVisionAmmoniaTransitionIT & SoftwareTechnology
Petrojarl Knarr FPSO; Source: Altera Infrastructure
Exploration & Production

Drydocks World and Aker Solutions to revamp FPSO destined for UK’s giant oil & gas field

Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.

about 3 years ago
January brings increase to offshore rig count
Exploration & Production

January brings increase to offshore rig count

The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.

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about 3 years ago
Following 'very promising 2023', energy services sector anticipated to grow to $1 trillion
Exploration & Production

Following ‘very promising 2023’, energy services sector anticipated to grow to $1 trillion

The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b

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

QatarEnergy joins TotalEnergies and Eni on two exploration blocks in Mediterranean’s gas-rich waters

TotalEnergies andEni have completed the transfer of a partial interest to QatarEnergy for two offshore blocks located in Lebanese waters.

about 3 years ago
2023 to be a busy year for offshore rigs, pushing utilisation and day rates up, says Westwood
Exploration & Production

Westwood: 2023 shaping up to be a busy year for offshore rigs with further boost in day rates

Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.

about 3 years ago
Consortium lands deal for project at world’s largest offshore sour gas development
Exploration & Production

Consortium lands deal for project at world’s largest offshore sour gas development

ADNOC has handed out a letter of award (LOA) related to offshore facilities for a giant offshore gas development to a consortium led by NPCC.

about 3 years ago
Energean on track to ramp up its oil & gas output with new projects coming online this year
Exploration & Production

Energean on track to ramp up its oil & gas output once new projects come online

Energean is set on reaching its medium-term production target by boosting output from a field off Israel and bringing new projects on stream.

about 3 years ago
Development of TA’ZIZ ammonia facility in Abu Dhabi gains ground
Exploration & Production

Development of TA’ZIZ ammonia facility in Abu Dhabi gains ground

ADNOC’s Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) has signed a shareholder agreement with Fertiglobe, a strategic partnership between ADNOC and OCI Company, South Korea’s GS Energy Corporation, and Japan’s Mitsui & Co to develop a 1 million tonnes per annum low-carbon ammonia production facil

about 3 years ago
Shell hires Stena drillship for drilling campaign in Mediterranean
Exploration & Production

Shell hires Stena drillship for Mediterranean drilling campaign

Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiaries for operations offshore Egypt.

about 3 years ago
Fresh gas discovery for Chevron
Exploration & Production

Fresh gas discovery for Chevron

U.S.-headquartered energy giant Chevron has made a new gas discovery in the Eastern Mediterranean Sea, offshore Egypt.

about 3 years ago
Deep dive: What's in store for Valaris rigs?
Exploration & Production

Deep dive: What’s in store for Valaris rigs?

An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.

about 3 years ago
Low-carbon investments set to hit $620 billion in 2023, Rystad says
Exploration & Production

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago
South America to stay 'key region for high-impact exploration', Westwood says in 2023 outlook
Exploration & Production

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago
Shell makes headway in global digitalisation of its ops with Kabal’s software
Exploration & Production

Shell makes headway in global digitalisation of its ops with Kabal’s software

UK-headquartered energy giant Shell has advanced its digitalisation journey through a global agreement with Kabal.

about 3 years ago