U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with how to power their development with clean energy.'We are not saying no gas…
TotalEnergies 11B/12B offshore gas field could make a direct annual contribution of at least 8 billion rand ($457 million) to South African government finances, the country's petroleum regulator said on Thursday.'That is not just the overall…
Rental rates for offshore oil and gas rigs could rise to $500,000 in the coming months, company executives said on Wednesday.Daily costs to hire a rig, known as the dayrate, have already more than doubled from two years ago to some $300,000…
Offshore drilling rig contractor Dolphin Drilling has confirmed that it will be activated on the Euronext N-OTC list as of Thursday, September 15, 2022.The listing is the first step towards a public listing of the Company on Euronext Growth Oslo by the end of October…
Polish oil and gas company PGNiG has failed to unearth hydrocarbons at its Copernicus exploration well in the Norwegian Sea, Longboat Energy, a partner in the offshore license has informed.The company said that the Copernicus exploration well…
Offshore drilling contractor Maersk Drilling and oil and gas company Petrogas E&P Netherlands have signed a five-well deal for the Maersk Resolute jack-up drilling rig.The duo has agreed to an amendment of the previously signed contract for the supply of the Maersk Resolute…
The Norwegian Ministry of Petroleum and Energy said Tuesday it had received applications from 26 oil and gas companies in connection with APA (Awards in predefined areas) annual offshore acreage licensing rounds.Shell, Equinor, Inpex, TotalEnergies…
Serica Energy has hit a snag with the drilling of a high-impact North Eigg exploration well off the UK due to rig equipment failure, and the operations are now expected to take six weeks longer than originally expected. According to Serica,…
Oil and gas companies Equinor and ConocoPhillips have recently drilled dry wells in the North Sea, offshore Norway, targeting the Poseidon and Lamba prospects, respectively, according to the Norwegian Petroleum Directorate.Equinor, the operator of production licence 1104…
The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect workers and the environment.The proposal aims to restore safety provisions put in place by the Obama administration…
No details of an oil and gas licensing round in the British North Sea will emerge until after the official mourning period for Queen Elizabeth ends on Sept. 20, a spokesman for the North Sea Transition Authority said on Monday.New British Prime Minister Liz Truss…
Norwegian oil and gas firm Aker BP has received a Petroleum Safety Authority Norway (PSA) consent to use the jack-up drilling rig Maersk Invincible for drilling activities on the Ivar Aasen field, offshore Norway. The consent includes plugging…
Norwegian oil and gas company Aker BP has added two additional firm wells to its contract with Odjfell Drilling for use of the Deepsea Nordkapp semisubmersible drilling rig. The extension has an estimated duration of approximately six months…
Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the Covid-19 pandemic and the ensuing oil market crash…
Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract…
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