Baker Hughes’ rig count report shows that no new rigs joined the working fleet in December 2023.
Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new
Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?
Oil prices have now settled down, but is this just the calm before the storm or will prices remain stable without further spikes?
While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.
Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.
The oil and gas industry become a hotspot for multi-billion mergers and acquisitions in 2023 while hinting at further consolidation in the fossil fuel machinery.
Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.
Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.
Arabian Drilling has provided an update on the upgrades to its new offshore rigs, which have been hired for drilling ops by Aramco.
Qatar’s state-owned oil and gas company QatarEnergy has entered into a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell). Commencing in January 2024, the deal encompasses the supply of up to 18 million barrels annually of Qatar Land and Qatar Ma
Harbour Energy has the wheels into motion to acquire all of Wintershall Dea’s assets, aside from the ones in Russia, for $11.2 billion.
Ocean Oilfield has embarked on its new maintenance and upgrade job, which was awarded for two jack-up barges by GMS.
UAE’s Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with ENN LNG, a wholly-owned subsidiary of ENN Natural Gas, for the delivery of at least 1 million metric tons per annum (mmtpa) of LNG primarily sourced from its low-carbon Ruwais LNG project, currently under dev
