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Exploration & Production

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Cedar LNG project (artist’s rendering); Courtesy of Cedar LNG

Exploration & Production

Canada’s Cedar LNG moves to finalization of FLNG design stage with 20-year commercial offtake in the bag

Cedar LNG has notched new milestones, thanks to a notice to proceed (NTP) that has been sent to the EPC contractors in the aftermath of the finalization of long-term commercial offtake agreements.

about 2 years ago

Transocean Enabler rig (for illustration purposes); Source: Transocean

Exploration & Production

International offshore rig count two units down in February

Baker Hughes’ rig count report shows that two rigs left the working international offshore fleet in February 2024.

about 2 years ago

Illustration; Source: Frontier Centre for Public Policy (FCPP), an independent Canadian public policy think tank

Exploration & Production

No more oil & gas permits off Canada’s Pacific coast

Canada has seized control of all 227 offshore oil and gas exploration and production permits off its Pacific coast, putting a stop to further hydrocarbon extraction activities in this area.

about 2 years ago

Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill

Exploration & Production

International offshore rig count activity gets a boost in January

Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.

about 2 years ago

U.S. Naval Forces Central Command/U.S. 5th Fleet

Exploration & Production

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read

Deepsea Bollsta rig, formerly known as West Bollsta (for illustration purposes); Source: Odfjell Drilling

Exploration & Production

December brings international offshore rig count activity to a standstill

Baker Hughes’ rig count report shows that no new rigs joined the working fleet in December 2023.

about 2 years ago

Illustration; Source: The International Energy Agency (IEA)

Exploration & Production

COP28’s impact on LNG spree: Will decarbonization moves throw oil & gas players off their game?

Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?

15 minutes read

Deepwater Champion drillship (for illustration purposes); Source: Transocean

Exploration & Production

International offshore rig count climbs up a notch in November

Baker Hughes’ rig count report points out that one more rig joined the working fleet in November 2023 compared to the month before.

about 2 years ago

Exploration & Production

Canadian FPSO comes back online years after embarking on revamp project

Suncor has brought back into production a floating production, storage, and offloading (FPSO) vessel, as part of its field life extension project offshore Canada.

about 2 years ago

Illustration; Source: International Energy Agency (IEA)

Exploration & Production

Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition

A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.

about 2 years ago

Deepwater Atlas drillship (for illustration purposes); Source: Transocean

Exploration & Production

International offshore rig count slips down a few more notches

With the number of offshore rigs on a downward trajectory, Baker Hughes’ international rig count report shows five units less in October 2023 than the month before

about 2 years ago

Exploration & Production

HCC announces H2/NH3 supply chain from Canada to South Korea

Hydrogen Canada Corporation (HCC) has closed its C$10 million seed round financing and signed a letter of commitment on an offtake agreement with South Korea-based E1 Corporation (E1), to develop a low-carbon hydrogen/ammonia supply chain from Western Canada to South Korea and other Asian markets. I

about 2 years ago

Noble-owned Khamsin drillship (for illustration purposes); Source: Equinor

Exploration & Production

International offshore rig count takes a downturn

Baker Hughes’ international rig count report shows a sharp drop in the number of offshore rigs in September 2023.

about 3 years ago

Amin H. Nasser, Saudi Aramco President & CEO; Source: Saudi Aramco

Exploration & Production

Aramco CEO: Widening gap in global energy transition lays bare need for ‘more realistic and robust’ multi-source plan

Aramco’s CEO has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phasing out of fossil fuels.

about 3 years ago