Valaris Limited has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA (“Equinor”), for drillship VALARIS DS-17. The contract relates to work offshore Brazil on Project Raia. Equinor’s project partners are Repsol Sinpoec Brazil (35%) and Petrobras (30%). SourceContinue Reading

SK E&S, a South Korean energy producer with operations in the U.S., has entered into a significant multimillion-dollar agreement to support energy research at the Hamm Institute for American Energy at Oklahoma State University. SourceContinue Reading

The campaign was conducted by the Petrodec HAEVA rig and has delivered sustained production gains of around +5 MMcfd, in line with expectations.  The planned scope was completed ahead of schedule and within budget, confirming the technical and commercial success of the project. SourceContinue Reading

The Kintore-based company’s first ever scope of work in Canada has involved the supply of three subsea battery-powered control systems to maintain integrity of the subsea electrical infrastructure when topside electrical power is unavailable. SourceContinue Reading

NFE’s proprietary Fast LNG design is the first of its kind, pairing the latest advancements in modular liquefaction technology with jack up rigs or similar offshore infrastructure to enable a faster deployment schedule than traditional liquefaction facilities. SourceContinue Reading

Recent discoveries in Namibia’s Orange basin suggest it could hold up to 3 Bbpe of oil and 8.7 Tcfg, and the country’s total oil reserves could be nearly equal to Guyana’s at around 11 Bbbl. Excitement around the newly discovered resources is high, and though oil and gas production still lie ahead, Namibia has become...Continue Reading

Woodside is targeting a final investment decision for the first phase of the Driftwood project from the first quarter of 2025. If all four phases are completed, the Louisiana facility would be able to export 27.6 million tons a year — almost triple Woodside’s current capacity and nearly 6% of the global total at the...Continue Reading

Petroleum production in the waters between the UK and Norway peaked some 20 years ago. Yet the offshore industry still supports more than 200,000 jobs and adds billions of pounds to the nation’s GDP, giving it serious economic weight even in its twilight years. SourceContinue Reading

The Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of approximately $89 million. The contract also includes two additional option periods. SourceContinue Reading

FTC investigators are looking for evidence of executives attempting to collude with OPEC officials on oil market dynamics, according to people familiar with the matter who asked not be named discussing non-public information. Such communications, particularly on pricing and output, could be illegal under U.S. antitrust laws. SourceContinue Reading