High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor
Baker Hughes’ rig count report has revealed that the international offshore rig count experienced an increase of 30 units in 2022 compared to the figures from the year before. The overall international rig count including both offshore and onshore rigs was up 66 rigs from the 2021 count of 834. Acco
Action has been taken to minimise the risks of accidents and improve safety of offshore oil & gas infrastructure, but incidents still occur.
Canadian oil and gas producer Trillion Energy is planning to bring on eight new wells or workovers into production next year through continuous drilling on a natural gas field in the Black Sea offshore Türkiye. Bringing what the company describes as a “transformative year” to an end, Trillion announ
Regulator has laid charges against Suncor Energy related to an incident from 2019 on an FPSO off Canada, in which a worker was injured.
Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.
A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.
Suncor has revealed that the Terra Nova life extension project is ongoing while the FPSO is still expected back in Canada by year-end.
Despite the uptick in utilisation and award activity for the North Sea semi-submersibles, Westwood said the demand outlook for 2023 is low.
ExxonMobil has awarded a deal for operations in Canada to a rig owned by SFL Corporation and managed by Odfjell Drilling.
The European Union, United States, United Kingdom, Canada, Japan, Norway and Singapore have signed a joint declaration on reducing greenhouse gas emissions from fossil fuels, committing to take rapid action to address the climate and energy security crises. The parties said they affirm the need to a
Siem Offshore has secured a deal for one of its dual-fuel PSVs with BP, which will enable the vessel to return to Canadian waters once again.
The Canadian government has released the results of the country’s latest call for offshore exploration bids in the Eastern Newfoundland Region, revealing ExxonMobil, QatarEnergy, BP, and Equinor as successful bidders for a total of five parcels.
An investigation has been launched following a near-miss incident on the Hibernia platform located offshore Canada.
