An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.
Two United Arab Emirates-controlled oil and gas giants have revealed a $3.6 billion project to decarbonise offshore operations.
Wood Mackenzie believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered.
QatarEnergy has entered into agreements with Shell to acquire interests in two exploration blocks in the Egyptian side of the Red Sea.
Wood has secured a contract with Saudi Aramco to deliver services for two of its oilfields in Saudi Arabia.
POGC has started drilling operations in an attempt to find new hydrocarbon reserves at the South Pars gas field in the Persian Gulf.
An analysis of the annual cost of supply by Rystad Energy has revealed that costs within the upstream sector have come down considerably in 2021.
After two weeks of intense negotiations, COP26 closed over the weekend and the final outcome is a document known as the Glasgow Climate Pact.
Shelf Drilling has revealed that 27 of its jack-up rigs are under contract and it expects to see an improvement in the global jack-up demand.
Borr Drilling now has 17 rigs contracted or committed amid strong demand for offshore rigs and is on track to fully contract its fleet by 2022.
QatarEnergy has signed a farm-in agreement with ExxonMobil Canada for an exploration license offshore Canada.
Another week has gone by not leaving us wanting on energy transition developments, as several updates on renewable energy, clean fuels, decarbonisation, and net-zero strategies made headlines – most notably those from the traditionally fossil fuel-oriented players.
Offshore drilling contractor Valaris has been awarded an extension to its bareboat charter agreement with ARO Drilling for a jack-up rig.
U.S.-based rig technologies and drilling solutions provider Helmerich & Payne will invest about $100 million in ADNOC Drilling’s IPO.
