The International Energy Agency’s (IEA) 31 members agreed to a new release of oil from emergency reserves in response to the market turmoil.
Shearwater GeoServices has won its first contract with Korea National Oil Corporation (KNOC) to deliver two 3D seismic surveys offshore South Korea, including seismic data processing and imaging. The Myungtae 3D survey, in Block 6-1 Central & East, covers approximately 2,575 square kilometers. The d
Petrobras has made an oil discovery in a wildcat well off Brazil and will continue drilling until the final depth is reached to evaluate it.
Both government and commercial efforts are needed to speed up the transition to clean energy, since, as Shell says, the transition is not just about reducing CO2 emissions, but it is rather a political balancing act that needs government-led policies.
U.S. President Joe Biden announced plans for what is said to be the largest release from the strategic petroleum reserves in American history.
Solstad Offshore has inked new long-term deals for three of its platform supply vessels (PSVs) with ConocoPhillips for operations off Norway.
SBM Offshore has revealed that its second Fast4Ward FPSO and third one for Guyana has moved to the integration phase in Singapore.
Petrofac has been awarded a Floating Production, Storage and Offtake (FPSO) decommissioning deal by the Australian government.
Offshore energy services provider Helix Energy Solutions has entered a multi-year contract with Shell Offshore to provide well intervention services in the U.S. Gulf of Mexico.
Oil major Shell has started production on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago.
Partners in the Cambo project, Shell and Siccar Point Energy, have received a licence extension for the controversial field development.
More time and deliberation are needed to reach the final merger agreement between Keppel O&M and Sembcorp Marine.
Ithaca Energy has secured consent for the development of a subsea tie-back to its FPF-1 facility in the UK North Sea.
Post-well analysis of Chariot’s gas discovery offshore Morocco has confirmed excellent quality dry gas and an increase in net gas pay.
