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Exploration & Production

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Goliat; Source: Var Energi
Exploration & Production

Round-up: New oil & gas discoveries take center stage as LNG momentum grows

As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping

about 10 months ago
Rig move; Courtesy of ABL Group
Exploration & Production

Stage set for unified oil & gas rig moving service in Red Sea and Gulf of Suez

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ABL, part of Oslo-listed global consultancy group ABL Group, has shaken hands with Egypt’s Petroleum Marine Services Co. (PMS) on the launch of a unified rig moving service in the Red Sea and Gulf of Suez, with the support of the Egyptian General Petroleum Corporation (EGPC).

about 10 months ago
Harvey H. Ward jack-up rig; Source: Shelf Drilling
Exploration & Production

Shelf Drilling rig going back to work for Aramco as suspension ends

Shelf Drilling, an offshore drilling player, has received a green light from Aramco, a Saudi Arabian drilling giant, which will enable one of its rigs to return to its drilling assignment in the Middle East after more than a year-long suspension.

about 10 months ago
Illustration; Source: QatarEnergy
Exploration & Production

KBR tasked with engineering work on oilfield redevelopment project in Persian Gulf

U.S. science, technology, and engineering player KBR has been hired to handle a detailed engineering assignment for a hydrocarbon redevelopment project operated by Qatar’s state-owned oil & gas giant QatarEnergy off the Persian Gulf state’s coast.

about 11 months ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Exploration & Production

Shell lines up 15-year offtake from ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has struck a multi-year liquefied natural gas (LNG) offtake deal with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of the UK-based Shell, for its low-carbon LNG project, currently under development in the United Arab Emirates (

about 11 months ago
Admarine 510 jack-up rig; Source: ADES
Exploration & Production

Drilling job in Saudi waters on ADES rig’s agenda in January

ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia.

about 11 months ago
Illustration; Source: QatarEnergy
Exploration & Production

17-year LNG deal lands on QatarEnergy’s offtake menu

Qatar’s state-owned oil & gas giant QatarEnergy has signed off on a multi-year liquefied natural gas (LNG) supply agreement with India’s Gujarat State Petroleum Corporation (GSPC).

about 11 months ago
Valaris 121 rig; Source: Valaris
Exploration & Production

Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs

Bermuda-incorporated offshore drilling contractor Valaris has divested one mobile offshore drilling unit (MODU) from its fleet and found multimillion-dollar assignments for five rigs within the oil and gas and offshore wind realms.

about 11 months ago
New gas discovery for Energean off Israel
Exploration & Production

Rig on the move: Stena drillship sailing from US Gulf to Las Palmas ahead of Egyptian gig

A 2012-built drillship, owned by Scotland-headquartered offshore drilling contractor Stena Drilling, has finished its drilling campaign in the U.S. Gulf and is on its way to Las Palmas before going to Egypt to undertake its next hydrocarbon exploration assignment.

about 11 months ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Exploration & Production

Cronos nexus unbound: Egypt and Cyprus put pen to paper for gas field development

With the aim of strengthening energy security through strategic collaboration, Egypt and Cyprus have inked multiple commercial agreements for a natural gas project, which will forge an energy bond between the two countries, enabling Cypriot gas to reach Egypt’s infrastructure.

about 11 months ago
Kuwait Petroleum Company
Exploration & Production

‘Landmark’ gas discovery comes to light offshore Kuwait

Kuwait Oil Company (KOC), a subsidiary of the state-owned Kuwait Petroleum Company (KPC), has made a major discovery at a field offshore Kuwait.

about 11 months ago
Valaris DS-12 drillship; Source: Valaris
Exploration & Production

BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East

Offshore drilling contractor Valaris has secured a new multimillion-dollar assignment for its 12-year-old drillship off the coast of Egypt with BP Exploration Delta, a subsidiary of the UK-headquartered energy giant BP.

about 11 months ago
QatarEnergy expands exploration footprint offshore Egypt; Source: QatarEnergy
Exploration & Production

QatarEnergy widens its oil & gas exploration acreage by joining Shell’s block offshore Egypt

Qatar’s state-owned energy giant QatarEnergy has set the wheels in motion to get a stake in an exploration block off the coast of Egypt.

about 1 year ago
Illustration; Source: International Energy Agency (IEA)
Exploration & Production

IEA: Oil & gas decline rates sound the alarm over global energy security risks

Given the accelerated decline in hydrocarbon production rates, a new report from the International Energy Agency (IEA) has warned about the supply risks that output drops carry, as ignoring them has the potential to undermine energy security, market stability, and emissions reduction aspirations, wi

about 1 year ago