Maersk Drilling has received a Conditional Letter of Award (CLoA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in […]
Following the early disruption caused by the crude price crash, the US shale industry has gradually started to adapt to the new pricing environment. Since the third quarter of 2020, a series of M&As were […]
Total, partner to the initiative since 2014, has joined the second phase of the Oil & Gas Methane Partnership (OGMP 2.0) of the United Nations Environment Programme, which brings together industrial companies, governments and NGOs […]
The Norwegian Petroleum Directorate (NPD) reports that the preliminary production figures for October 2020 show an average daily production of 1,877,000 barrels of oil, NGL and condensate. Average daily liquids production in October was: 1,611,000 […]
Penspen, global provider of engineering and project management services to the energy industry, has secured a GBP 1.8 million detailed engineering project award from Galfar Engineering & Contracting Emirates, a prominent engineering procurement and construction […]
The world is facing a major challenge: A growing global population and its demand for prosperity requires more energy – but with significantly lower emissions. This challenge can be tackled by a mix of renewable […]
Aker Solutions has won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The contract has a fixed period of 4 years and includes an option for […]
Investments from global exploration and production companies (E&P) in 2021 are projected to reach around USD 380 billion, almost flat year-on-year, a Rystad Energy report shows. About 20% or USD 76 billion of the estimated […]
Baker Hughes has posted its Weekly Rig Count reports. US Rig Count is down 2 from last week to 310 with oil rigs down 5 to 231, gas rigs up 3 to 76, and miscellaneous […]
The Lingshui 17-2 (LS 17-2) platform is the world’s first deepwater semi-submersible production platform with condensate storage facilities, owned and operated by CNOOC. It is a significant project in the development of China’s deepwater gas […]
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