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Oil & Gas

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An offshore platform with a vessel next to it
Oil & Gas

10 companies shortlisted to vie for Denmark’s C02 storage funding

The Danish Energy Agency has prequalified ten companies eligible to submit proposals for funding available under its carbon capture and storage (CCS) initiative aimed at helping the country reach its climate goals.

about 1 year ago
FSRU Alexandroupolis; Source: Gastrade
Oil & Gas

Greece’s FSRU going back to regasification work in August

A floating storage and regasification unit (FSRU) is months away from returning to regasification duty.

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about 1 year ago
Swiss set up firm with Timor-Leste to develop 250-kilometer natural gas pipeline
Oil & Gas

Swiss set up firm with Timor-Leste govt to develop 250-kilometer natural gas pipeline

Switzerland-based StreamTec Solutions has signed a cooperation agreement with Timor-Leste’s national oil & gas company Timor Gás & Petróleo, E.P. (TIMOR GAP) and the Ministry of Petroleum and Mineral Resources (MPRM) to establish a company that will develop an underwater pipeline highway for the tra

about 1 year ago
Appraisal well was drilled by COSL Prospector rig; Source: COSL
Oil & Gas

All systems go for Equinor’s drilling ops with COSL rig next month

Equinor has secured a drilling permit for an exploration well in the Barents Sea off the coast of Norway, which will be drilled next month with COSL Drilling Europe’s semi-submersible rig.

about 1 year ago
An LNG terminal on an island
Oil & Gas

Greek LNG terminal upgrade targets emissions-free ops

Greece’s gas grid operator DESFA has updated the liquefied natural gas (LNG) terminal it operates in the country to boost its sustainability.

about 1 year ago
Two docked vessels
Oil & Gas

Italy’s Edison welcomes inaugural LNG cargo from Louisiana plant

Italian utility company Edison has welcomed its first liquefied natural gas (LNG) shipment hailing from the export facility in Cameron Parish, Louisiana, operated by U.S.-based LNG export project developer Venture Global.

about 1 year ago
Eni
Oil & Gas

Prospective North Sea CCS sites sought to ‘turbocharge’ UK’s path to net zero

UK regulator the North Sea Transition Authority (NSTA) has called on interested parties to submit their proposals for potential carbon storage locations in the North Sea.

about 1 year ago
Illustration; Source: Saipem
Oil & Gas

Saipem, Baker Hughes, Halliburton and SLB collect almost $1.5 billion in profit

Against the backdrop of supply chain challenges, elevated prices, trade wars, and geopolitical and economic pressures, four oilfield services giants – Italy’s Saipem and U.S.-headquartered Baker Hughes, Halliburton, and SLB – have reported a combined profit of $1.49 billion in the first quarter of 2

about 1 year ago
FSRU Excelsior; Source: DET
Oil & Gas

Germany’s next LNG terminal chapter nearly all-set to go live

Deutsche Energy Terminal (DET), part of the German Federal Ministry for Economic Affairs and Climate Action and a state-owned operator of four liquefied natural gas (LNG) terminals, is closing in on the start-up of Germany’s second terminal in Wilhelmshaven.

about 1 year ago
Noble Discoverer rig; Source: Noble
Oil & Gas

Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?

Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025.

11 minutes read
Deepsea Stavanger rig; Source: Odfjell Drilling
Oil & Gas

North Sea wildcat trio on Odfjell Drilling rig’s agenda this month

Aker BP has secured drilling permits for three exploration wells in the North Sea off the coast of Norway, which will be drilled this month with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
High Island II jack-up rig; Source: Shelf Drilling
Oil & Gas

Two Shelf Drilling rigs come to West Africa as another one spins the drill bit in Europe

Shelf Drilling (SHLF) has shed more light on the latest developments across its rig fleet, confirming the arrival of two jack-ups in West Africa and the start of drilling work in Norwegian waters for another unit.

about 1 year ago
Deepsea Bollsta; Source: Odfjell Drilling
Oil & Gas

More time for cleantech player on Odfjell-operated rig in Norwegian Sea

Norway-based cleantech service provider Soiltech has won contracts with OMV Norge, a compatriot subsidiary of Austria-headquartered oil and gas player OMV, and Northern Ocean Wind for drilling waste management on a semi-submersible rig managed by Odfjell Drilling and owned by Northern Ocean.

about 1 year ago
Chevron recently brought online a subsea tie-back to the Blind Faith platform; Source: Chevron
Oil & Gas

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips score $29 billion

Shell, BP, TotalEnergies, Equinor, Eni, ExxonMobil, Chevron, and ConocoPhillips have managed to come on top yet again, displaying the resilience of the energy sector with performance and quarterly results that show a combined profit of about $29 billion.

about 1 year ago