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Exploration & Production

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Illustration; Source: Shell
Exploration & Production

Shell emerges victorious from battle to overturn ruling in historic climate litigation case

Shell, now headquartered in the UK and not the Netherlands as was the case during the original ruling, has welcomed its new legal win, which overturns the decision that ordered the energy giant to step up its carbon emissions reduction game.

about 1 year ago
Tyra II; Source: TotalEnergies
Exploration & Production

TotalEnergies’ North Sea mega gas project at full tilt after overcoming obstacles

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TotalEnergies has tucked a new milestone under its belt by reaching full technical capacity at its natural gas redevelopment project in the Danish sector of the North Sea.

about 1 year ago
ESB looking into hydrogen exports from Ireland to Germany
Exploration & Production

ESB looking into hydrogen exports from Ireland to Germany

Irish energy and utility company ESB is set to lead a study that will evaluate the production of green hydrogen and its derivatives in Ireland and the potential transportation pathways to export any excess to Germany.

about 1 year ago
Ocean Apex rig; Source: Diamond Offshore, now part of Noble Corporation
Exploration & Production

Transocean, Noble, Valaris, Borr, and Odfjell Drilling fleets’ $23 billion backlog spotlights state of play in booming rig market

Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.

24 minutes read
ExxonMobil buys FPSO working off Guyana for $1.23 billion
Exploration & Production

ExxonMobil buys FPSO working off Guyana for $1.23 billion

U.S.-headquartered ExxonMobil has closed the purchase of a floating production, storage, and offloading (FPSO) vessel working in Guyana from SBM Offshore, while the Dutch FPSO operator will continue operating and maintaining the vessel. ExxonMobil Guyana Ltd. and BM Offshore completed the transactio

about 1 year ago
Sval Energi exits Norwegian Sea development by selling share to Equinor
Exploration & Production

Sval Energi exits Norwegian Sea development by selling share to Equinor

Norwegian energy company Sval Energi has signed an agreement with compatriot state-owned Equinor to sell its 11.8% share in the Halten East Unit in the Norwegian Sea, enabling Equinor to increase its ownership to 69.5%. Located in the Kristin-Åsgård area in the Norwegian Sea, Halten East is an ongoi

about 1 year ago
Enova backs Norwegian shipping with investment in hydrogen production projects
Exploration & Production

Enova backs Norwegian shipping with investment in hydrogen production projects

To springboard the use of hydrogen in the Norwegian maritime industry, Enova has awarded over NOK 777 million ($70.92 million) to five hydrogen production projects.

about 2 years ago
Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast
Exploration & Production

Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast

UK-headquartered energy giant Shell has paused certain drilling operations and began transferring non-essential personnel to shore from its Gulf of Mexico assets amid disturbance likely to become a hurricane. Shell reported on Monday, November 4, that it had started transferring non-essential person

about 2 years ago
North Sea; Source: OEUK
Exploration & Production

Wheels up to change rules of oil & gas game in UK waters while windfall tax hike gets green light

The United Kingdom (UK) plans to embark on consultations to come up with new environmental guidance for offshore oil and gas projects in the aftermath of the recent Supreme Court ruling.

13 minutes read
OCP and Engie eye green hydrogen and ammonia collaboration
Exploration & Production

OCP and Engie eye green hydrogen and ammonia collaboration

OCP Group and Engie have taken a step towards launching several projects in renewable energy, energy storage, green hydrogen and ammonia, power infrastructure and sustainable desalination.

about 2 years ago
Chevron's Anchor deepwater project in Gulf of Mexico; Source: Chevron
Exploration & Production

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips get their hands on total profits of more than $29 billion

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have posted strong sets of results even though they collected around $4.7 billion less in combined profit during th

14 minutes read
Tyra II; Source: TotalEnergies
Exploration & Production

TotalEnergies’ massive North Sea project days away from gas production capacity at full throttle

TotalEnergies is drawing closer to its goal of increasing output at its natural gas redevelopment project in the Danish sector of the North Sea to its full technical capacity.

about 2 years ago
Munin utility module; Source: Aker BP
Exploration & Production

North Sea-bound 2,900-ton module for offshore platform all set to sail away toward gas project

Aker BP has confirmed the completion of a utility module’s construction phase a year after the first steel was cut for a platform, which is destined to be deployed at its gas development project in the North Sea off the coast of Norway.

about 2 years ago
Valaris 123, former Ensco 123, jack-up rig; Source: Valaris
Exploration & Production

Shell’s North Sea gas discovery now expected to be at lower end of pre-drill forecast

A further insight into the preliminary findings related to a recent gas discovery, made by the UK-headquartered energy giant Shell in the North Sea, indicates recoverable resources level may be at the lower end of pre-drill estimates.

about 2 years ago