Africa's second-biggest oil exporter, Angola, has unveiled a 2020-2025 energy roadmap which foresees oil discoveries of up to 57 billion barrels of crude oil and 27 trillion cubic feet of gas, state news agency ANGOP reported.The plans involve…
Norwegian offshore oil and gas drilling contractor Odfjell Drilling is stepping out of the comfort zone and into the offshore renewables space.The company, which provides drilling rigs for oil and gas companies, on Thursday announced its investment in Oceanwind AS…
Greenpeace activists have launched a protest near Shell's Brent Charlie platform north-east of the Shetland Islands, criticizing the oil giant's decommissioning plan for the Brent oil and gas field, the field that gave name to the crude oil…
Shares of Aker Carbon Capture and Aker Offshore Wind surged on their first day of trading in Oslo on Wednesday, delivering a boost to the Aker conglomerate's strategy of spinning off environment technology. Aker Solutions, controlled by Norwegian billionaire Kjell Inge Roekke…
Black Sea-focused oil and gas company Trillion Energy has said it will drill deeper wells at its SASB gas field, encouraged by the recently announced giant deepwater gas find by the Turkish national oil and gas company TPAO, some 100 kilometers to the north…
Valaris, the world's largest offshore drilling contractor by fleet size, said Tuesday that the New York Stock Exchange had decided to suspend its shares and delist them.The offshore drilling company has been hit hard by the blended effects of the global COVID-19 pandemic…
Offshore drilling rig contractor Seadrill's ongoing attempt to restructure its massive debt could leave current shareholders with minimal or no ownership at all, the Oslo-listed company said on Tuesday.Demand for exploration and drilling has…
'Our Fatih drillship discovered 320 billion cubic meters of natural gas reserves, thanks to the drilling in the Tuna-1 well [...]. There is no stopping and resting for us until we become a net exporter in energy,' the Turkish president Recep Tayyip Erdogan tweeted on Friday…
Oil and gas companies Equinor and ConocoPhillips on Friday received approvals for drilling of offshore wells in the North Sea, and the Norwegian Sea, respectively.Equinor has been given a regulatory approval from the oil and gas safety body…
Turkey has found significant gas resources in the Black Sea, two Turkish sources said, a discovery which could help the country cut its dependence on energy imports if the gas can be commercially extracted.President Tayyip Erdogan told energy…
Danish drilling company Maersk Drilling has won more work for its low-emission, harsh-environment jack-up drilling rig Maersk Integrator.The Norwegian oil company Aker BP has awarded the rig an additional one-well contract, to drill the Ula F – Producer 1 well at the Ula field…
Valaris, the world's largest offshore drilling contractor by fleet size, filed for bankruptcy on Wednesday, in a move to restructure its debt load and reduce debt by more than $6.5 billion.The company has been hit by the combined effects of the global COVID-19 pandemic…
Offshore drilling contractor COSL has signed a drilling rig contract with oil company Chrysaor, following a letter of intent signed more than a month ago.The contract is for the COSLInnovator semi-submersible drilling rig to be used for drilling of two wells in Norway next year…
Russia's largest oil producer Rosneft has started drilling on two wells in the Kara Sea in the Russian Arctic, its Chief Executive Igor Sechin said on Tuesday.It is the company's first project in the Kara Sea since it was forced to suspend a joint venture project in the area with U…
Qatar's state-owned oil and gas company Qatar Petroleum has entered into a farm-in agreement for an acquisition of a stake in an offshore block in Angola.Qatar has reached the deal with Angola's Sonangol, and France's Total to acquire a 30% participating interest in Block 48…