As idle rig times loom in the U.S. Gulf this year, Westwood Global Energy, an energy market research and consultancy firm, has pointed out that the supply, demand, and utilization for drillships are set to pick up the pace in 2026, with long-term fundamentals in the offshore drilling market painting
Norwegian state-owned energy giant Equinor has brought on stream a field it operates in the Barents Sea, which is expected to produce for 30 years.
The board of directors of Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has accepted the resignation of its Chief Executive Officer (CEO).
SeaRenergy has strengthened its offshore supply capabilities in the North Sea, thanks to a long-term charter agreement with Britoil Offshore Services for a 15-year-old platform supply vessel (PSV), which will support the installation and commissioning of converter platforms and be available for any
A jack-up rig owned by offshore drilling contractor Valaris has arrived in Australia to start working on a drilling campaign for the Singapore-headquartered oil and gas player Jadestone Energy.
Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli
Petrobras has tucked a new carbon dioxide (CO2) reinjection milestone in the Santos Basin pre-salt layer under its belt, thanks to 22 floating production, storage, and offloading (FPSO) vessels capturing and reinjecting CO2 off the coast of Brazil.
Brazilian drilling contractor Constellation Oil Services Holding has won a new contract with compatriot state-owned energy giant Petrobras for a jackup drilling rig owned by ADES Holding, part of Saudi Arabia-headquartered ADES Group, which will be used for plug and abandonment (P&A) assignments off
With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has made what it says is a major oilfield discovery in the deep and ultra-deep South China Sea plays.
Norway-headquartered offshore drilling contractor Dolphin Drilling has promoted its interim Chief Executive Officer (CEO) to a permanent role and appointed a new Chief Executive Officer (CFO).
PV Gas, a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), and Malaysia’s state-owned energy player Petronas have expanded their liquefied natural gas (LNG) collaboration.
Alaska Gasline Development Corporation (AGDC) has signed binding agreements with Glenfarne Alaska LNG, an affiliate of Glenfarne Group, for the latter to become the majority owner of a liquefied natural gas (LNG) export project in Alaska and lead its development to construction.
Portugal’s oil and gas company Galp has completed the sale of its upstream assets offshore Mozambique to XRG, a wholly-owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC).
