Beacon Offshore has signed a contract with Hyundai Heavy to deliver a floating production and storage unit for the Shenandoah project.
BHP has approved a total of $802 million in capex to execute the Shenzi North project and to move the Trion project into the FEED phase.
A pump on the seabed gives the Equinor-operated Vigdis field in the North Sea a boost that increases production by around 16 million barrels.
U.S. energy company Williams has reached an agreement with Shell and Chevron for the Whale deepwater project located in the Gulf of Mexico.
The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to DNO Norge for a well in the North Sea off Norway.
Noble Corporation has secured new contracts for legacy Pacific rigs but it has also retired two of its stacked drillships.
Woodside has increased the cost estimate for the Scarborough gas project development in Australia by five per cent.
The topside of the platform for the Hod field is transported today from Aker Solutions yard to the Aker BP-operated field in the North Sea.
UK gas company IOG plc has committed to Scope 1 & 2 net-zero status as of 2021 following the completion of an Emissions Assessment.
Valaris is seeing early signs of recovery in rig demand evidenced by new contracts for its fleet of drillships, semi-submersible, and jack-ups.
Transocean reduced its quarterly losses despite lower revenues and is encouraged by the current upcycle in the offshore drilling market.
ConocoPhillips saw an increase in its earnings for the second quarter of 2021 compared to the same period in 2020 driven by higher oil and gas prices.
BP has decided to boost its dividend by four per cent and start a share buyback program following a return to profit in 2Q 2021.
SBM Offshore has signed a letter of intent with Petrobras for a 22.5 years lease and operate contracts of FPSO Alexandre de Gusmão.
