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Exploration & Production

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Fossil EnergyOil & GasRigsBusiness & FinanceBusiness Developments & ProjectsProject & TendersAuthorities & GovernmentRegulation & PolicyRules & RegulationMarket OutlooksOutlook & StrategyTransitionFPSO & VesselsCollaborationVesselsOperations & MaintenanceSafetyEnvironmentEquipmentTechnology
Stena Spey rig; Source: Stena Drilling
Exploration & Production

Fresh UK gig for Stena Drilling rig

Offshore drilling contractor Stena Drilling has secured a new contract for a semi-submersible rig with Ithaca Energy for operations off the UK.

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Exploration & Production

Aker BP all set to spud North Sea wildcat with Saipem rig

Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
West Carina drillship (for illustration purposes); Source: Seadrill
Exploration & Production

U.S. offshore rig count goes down a notch

Baker Hughes’ rig count report: The number of offshore rigs in the U.S. dropped for the third week in a row, slipping to 12 units last week.

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

Volatility in oil & gas prices on the cards for 2023 after roller-coaster ride in 2022, says Westwood

Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.

about 3 years ago
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.

about 3 years ago
FPSO Norne; Source: Equinor
Exploration & Production

New task for Equinor to address nonconformities on FPSO

Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.

about 3 years ago
Shell
Exploration & Production

Shell doubles profit in 2022 to record-breaking $40 billion

Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.

about 3 years ago
Uranus rig; Source: Trillion Energy
Exploration & Production

‘Abundance’ of gas pay at Black Sea well exceeds expectations

Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Exploration & Production

On emission reduction quest, Odfjell Drilling furnishes rig with new upgrade

Offshore drilling contractor Odfjell Drilling has upgraded one of its semi-submersible drilling rigs with a hybrid system to curb emissions.

about 3 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Exploration & Production

Keppel O&M on track to deliver FPSO for ExxonMobil’s third project off Guyana

With the naming ceremony out of the way, Keppel Offshore & Marine is on track to deliver a new FPSO vessel to SBM Offshore in 1Q 2023.

about 3 years ago
Lukoil hits production milestone in Caspian Sea
Exploration & Production

Lukoil hits production milestone in Caspian Sea

Russian oil and gas giant Lukoil has produced 50 million tonnes of liquid hydrocarbons at its fields located in the Russian sector of the Caspian Sea. Lukoil discovered the Khazri gas condensate field following drilling and testing of prospecting wells last year. The company plans this year to submi

about 3 years ago
Vela drillship (former West Vela); Source: Diamond Offshore
Exploration & Production

Diamond Offshore-managed drillship kicks off its new gig in Gulf of Mexico

Diamond Offshore has revealed that a drillship – managed on behalf of Aquadrill – has started its new assignment in the U.S. Gulf of Mexico.

about 3 years ago
Bay du Nord FPSO; Source: Sea Salt Design
Exploration & Production

Controversial Bay du Nord oil project saga continues with court challenge

Equinor has a court fight on its hands this week regarding the development of its controversial Bay du Nord offshore oil project located in Canada.

about 3 years ago
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