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Exploration & Production

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Shelf Drilling Fortress jack-up rig; Source: Shelf Drilling
Exploration & Production

North Sea operator books Shelf Drilling rig for ops in UK waters

Shelf Drilling has won a new deal for one of its jack-up rigs for operations on the UK Continental Shelf (UKCS).

about 2 years ago
Actis-Fortescue consortium to work on large green hydrogen project in Oman
Exploration & Production

Actis-Fortescue consortium to work on large green hydrogen project in Oman

A consortium between Actis and Fortescue has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman.

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

UK’s political and fiscal regime hampers Deltic’s ability to fund its share of appraisal costs for North Sea discovery

Deltic Energy is still on the lookout for a farm-out partner to ensure that its share of costs will be secured for the appraisal of a gas discovery in the North Sea.

about 2 years ago
Illustration; Source: OMV
Exploration & Production

OMV steps up its methane reduction game by joining UN program for curbing such emissions

OMV is the latest in the long line of oil and gas players that have thrown their support behind the Oil & Gas Methane Partnership (OGMP 2.0).

about 2 years ago
Abdülhamid Han drillship; Source: TPAO
Exploration & Production

Türkiye holds LNG supply talks with ExxonMobil while setting the stage to search for oil in Black Sea

Türkiye is going all out to wean itself from its dependence on foreign natural gas, as demonstrated by the ongoing LNG negotiations with ExxonMobil.

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Exploration & Production

Equinor gets ready to spud North Sea pair in June

Equinor has secured a drilling permit from the country’s authorities for two exploration wells in the North Sea off the coast of Norway.

about 2 years ago
Tyra II; Source: TotalEnergies
Exploration & Production

Delay on the horizon: TotalEnergies’ testing and commissioning being prolonged at giant North Sea project

TotalEnergies is anticipating a longer testing program and commissioning plan for the achievement of full technical capacity at its gas project in the Danish sector of the North Sea.

about 2 years ago
Deepwater Gunashli platform; Source: BP
Exploration & Production

BP shuts down oil production at offshore platform in Azerbaijan

BP has temporarily stopped production from one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan.

about 2 years ago
Illustration; Credit: Taylor Ken/TotalEnergies
Exploration & Production

Dip in gas prices takes its toll on profit but multi-energy recipe still comes through for TotalEnergies

TotalEnergies has set its cap on pursuing a balancing act between hydrocarbons and low-carbon and green sources of supply, which cushioned the fall in profit due to the downward trend in gas prices.

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Exploration & Production

Equinor all set to kick off drilling ops with Transocean rig

Equinor has received consent to embark on offshore drilling activities with one of Transocean’s rigs in the Barents Sea.

about 2 years ago
Johan Sverdrup; Credit: Arne Reidar Mortensen/Equinor
Exploration & Production

Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

about 2 years ago
Everfuel’s HySynergy start-up postponed for second half of 2024
Exploration & Production

Everfuel’s HySynergy start-up postponed for second half of 2024

Everfuel has announced a delay in the commissioning of HySynergy 1, its 20 MW green hydrogen production plant in Fredericia, Denmark.

about 2 years ago
Congo FLNG; Source: Eni
Exploration & Production

Sharp fall in gas prices brings Eni slump in profit

With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.

about 2 years ago
European Investment Bank to support Plagazi’s Köping Hydrogen Park
Exploration & Production

European Investment Bank to support Plagazi’s Köping Hydrogen Park

Plagazi has revealed that the European Investment Bank (EIB) will provide financial advisory for the Köping Hydrogen Park in Sweden.

about 2 years ago