Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.
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
With this acquisition, TAQA has expanded its footprint in the Middle East, North Africa, Central Asia, and Eastern Europe.
Energy consultancy Xodus has outlined a roadmap for a 60 per cent reduction in total CO2 emissions for a Middle East operator’s fleet of drilling rigs, following a greenhouse gas (GHG) emissions baseline and energy efficiency review. Xodus reported it had identified more than 25 energy and emissions
TotalEnergies andEni have completed the transfer of a partial interest to QatarEnergy for two offshore blocks located in Lebanese waters.
Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.
ADNOC has handed out a letter of award (LOA) related to offshore facilities for a giant offshore gas development to a consortium led by NPCC.
Energean is set on reaching its medium-term production target by boosting output from a field off Israel and bringing new projects on stream.
Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiaries for operations offshore Egypt.
So far, global net-zero ambitions have not been supported with an actual plan beyond setting expectations by a certain date and the world cannot solve its environmental and climate change problem without being realistic about the solution, according to Saad Sherida Al-Kaabi, the Minister of State fo
U.S.-headquartered energy giant Chevron has made a new gas discovery in the Eastern Mediterranean Sea, offshore Egypt.
An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor
