Planned investments in gas infrastructure amounting to $245 billion across Africa, are in danger of turning into stranded assets.
As the future of the fossil fuels industry depends on its ability to manage its GHG footprint, what’s the best way to tackle these emissions?
While 2022 was marked by a global energy crisis and price volatility, 2023 is still uncharted territory for the oil and gas industry.
Among the top deals, which have been awarded in 2022 are the ones secured by the U.S.-based McDermott and Italy’s Saipem.
In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.
ExxonMobil has filed a lawsuit against the European Commission’s proposed windfall tax on fossil fuel companies’ profits.
Türkiye’s natural gas reserves in the Black Sea have been increased, following a new gas discovery and an upward revision of a previous one.
Arabian Drilling has completed the upgrades on its new offshore rigs, which have now embarked on their new drilling assignments.
Borr Drilling has secured long-term deals for two jack-up rigs with undisclosed oil and gas companies in the Middle East and Southeast Asia.
Norway’s oil and gas production fell behind the Norwegian Petroleum Directorate’s predictions in November 2022.
The U.S. Coast Guard (USCG) has launched a search and rescue (SAR) mission for four people aboard a downed helicopter in the Gulf of Mexico.
UK-headquartered IOG plc is planning to drill the second Blythe production well directly after the Southwark A1 well in the first half of 2023 as part of the Saturn Banks Project – Phase 1 in the UK Southern North Sea. In an announcement from 22 December, IOG stated that all subsea work had been com
Malaysian FPSO provider Yinson has secured another contract extension with Addax Petroleum for a floating, production, storage, and offloading (FPSO) vessel carrying out operations in Nigeria. Yinson revealed on 22 December that it had received a new short-term extension of the contract for FPSO Ado
Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) has made another gas discovery at Block SK410B offshore Malaysia. PTTEP’s subsidiary PTTEP HK Offshore (PTTEP HKO) began the drilling of the Paprika-1 wildcat well in Block SK410B in July. The well was drilled to a total
