Equinor has a court fight on its hands this week regarding the development of its controversial Bay du Nord offshore oil project located in Canada.
U.S. oil and gas majors Chevron and ExxonMobil have revealed record 2022 profits of $35.5 billion and $55.7 billion, respectively.
Dutch Wagenborg Offshore has signed a long-term agreement with an “energy major” for a platform supply vessel (PSV) that will be converted into a multipurpose offshore vessel set to support subsea activities and decommissioning works. A young PX121 PSV will be converted into a multipurpose offshore
The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b
Offshore drilling contractor Transocean has won a long-term deal for one of its ultra-deepwater drillships offshore Brazil.
ABL Group has won a contract with Chevron Australia to provide marine warranty survey (MWS) services for the Jansz-Io Compression project offshore Western Australia. ABL will oversee the safe delivery of transportation and installation (T&I) operations across four work packages related to the offsho
Oil and gas company Neptune Energy has started production from the tenth well at its operated gas field in the UK southern North Sea.
Norwegian energy companies Equinor and Vår Energi are withdrawing from the Horisont Energi-operated Barents Blue project, also known as Europe’s first large-scale blue ammonia production facility. Equinor and Vår Energi decided to leave the project as the cooperation agreement expired on 31 January.
Environmental activists have boarded Boskalis vessel, which is transporting a circular FPSO destined for Shell’s oil & gas project off the UK.
Norway’s oil and gas company Aker BP has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract for the Utsira High development. The contract brings together three projects in the North Sea that will tie back to the Ivar Aasen and Edvard Grieg
Spirit Energy has confirmed its plan to transform two depleted gas fields in Morecambe Bay into a carbon storage cluster.
Beach Energy is one approval shy of completing all connection activities for four wells, which are part of the Otway Basin development off Australia.
LedaFlow Technologies has formed a research consortium with energy companies ConocoPhillips, TotalEnergies, Equinor and ExxonMobil Technology & Engineering as well as sub-suppliers Kongsberg Digital, SINTEF Industry, and SINTEF Energy Research to enhance its multiphase transport simulator technology
New global oil and gas discoveries in 2022 have driven exploration to the highest value creation in over a decade, reaching $33 billion.
