An analysis by Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market.
Energy transition is not a fast and temporary thing, and its reach goes beyond the existing industries, their operations and transformations. Next generation of experts is working in the good old energy sector as it moves through the transition and to what it will become in the future. The Young Ene
The oil and gas sector is joining the energy transition, with net-zero pledges from the big oil and gas names already widely familiar. While its move towards the fully green and clean side of things is being done slowly and safely, the industry has encountered a push or two from the circumstances ar
Oil major BP has started gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
Seismic exploration company Shearwater GeoServices has landed a deal for large 3D seismic acquisition and depth processing. According to the company, the work scope is in the Europe, Africa and Middle East (EAME) region. The survey, for an undisclosed national oil company, should take six months to
Offshore drilling contractor Shelf Drilling has received a suspension notice for one of its jack-up drilling rigs.
Northern Offshore’s drilling rig Energy Enticer has started drilling operations with Qatargas.
Saudi Arabian oil and gas giant Saudi Aramco is intending to secure ABS environmental protection notations for its entire fleet.
A slow recovery from the Covid-19 pandemic or a deeper slump could delay a complete rebound in the world’s energy demand to 2025, the International Energy Agency said on Tuesday.
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook.
Oil and gas company Energean has bought a field support vessel (FSV) to support its operations on the Karish field located offshore Israel.
This downturn’s impact on offshore pipeline demand is lighter than that of 2016 and recovery is likely to be swift, led by projects in the Middle East, Rystad said on Monday.
ADNOC Logistics and Services, the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company, has signed a 25-year deal to service all petroleum ports in Abu Dhabi on behalf of the Petroleum Ports Authority (PPA). The agreement includes the onshore Jebel Dhanna Ruwais Petroleum
