Fossil Energy
Noble sells four Saudi rigs to ADES
Offshore drilling contractor Noble Corporation has completed the sale of four jack-up rigs to a subsidiary of ADES International Holding.
Maersk wins new gig for warm-stacked rig, boasts second-highest quarterly revenue since listing
Maersk Drilling has revealed a new contract award for one of its jack-up rigs as well as details on its quarterly financial performance.
Nigeria vows to reach net-zero by 2060, highlights key role of gas in energy transition
During the COP26 in Glasgow, Nigerian President Muhammadu Buhari has pledged Nigeria will cut carbon emissions and reach net-zero by 2060.
Biden in ‘historic action’ to cut methane emissions from oil & gas operations
U.S. government is proposing measures to cut methane emissions resulting from oil and gas operations as part of Biden’s commitment to action on climate change.
McDermott teams up with Shell to cut emissions from construction ops
McDermott has signed a MOU with Shell to collaborate on decarbonising construction and building a pathway to a net-zero carbon future.
Cairn concludes sale of interest in two UK fields for $455 million
Cairn Energy has completed the sale of its interests in the Catcher and Kraken fields located off the UK for $455 million.
Empyrean gearing up to drill ‘first exciting exploration well in China’
Empyrean Energy has made significant operational progress towards spudding of an exploration well at the Jade prospect offshore China.
After Europe, offshore wind spending closing in on oil & gas in Asia, US
Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US. In Europe, the UK a
Offshore drillers see meaningful improvement in market environment
Two giant offshore drilling contractors are encouraged by meaningful signs of improvement in the market and increase in rig day rates.
ConocoPhillips lifts dividend as profit returns
ConocoPhillips has increased its quarterly dividend as it returned to profit in the third quarter of 2021 driven by higher oil and gas prices.
ExxonMobil and Pertamina to gauge Indonesian CCS potential
ExxonMobil has signed a memorandum of understanding (MoU) with Pertamina to assess the potential for large-scale deployment of low-carbon technologies in Indonesia.
Petronas welcomes South Korea’s Posco as a new player in Malaysia
Petronas has awarded a Production Sharing Contract for Block PM524, located offshore Malaysia, to Posco International and Petronas Carigali.
Vår Energi refinances with $6 billion loan from 12 banks
Norwegian oil and gas company Vår Energi has taken out a loan of $6 billion from 12 different banks as part of its refinancing strategy.
Neptune wraps up methane study in push to drive down emissions from O&G
Neptune Energy has completed a study with EDF to measure methane emissions on a working UK offshore platform using drone technologies.