Seven U.S. states led by New York sued the Trump administration on Tuesday for cancelling a major offshore wind lease off the coast of New York in exchange for a pledge by its owner to invest instead in fossil fuel projects.The lawsuit in the Washington…
Carnarvon Energy has secured the Transocean Equinox semi-submersible drilling rig for a multi-well campaign that includes exploration wells in the Bedout Sub-basin offshore Western Australia, with drilling scheduled to begin from April 2027…
Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million.Under the agreement, Vantage shareholders will receive $19…
BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas…
Accurate, immediate data while drilling is central to efficient, effective outcomes. Tronics Microsystems earlier this year introduced its inertial sensor portfolio with the launch of the AXO315 T1, a high-temperature digital accelerometer designed for energy sector drilling applications…
U.S. oil major Chevron has filed an official request to take over a 70% stake from Greece's Helleniq Energy in an offshore block southwest of Greece, the Greek energy ministry said on Thursday, in a move that would further expand the United States' presence in the Mediterranean…
Financial institutions and investors have urged the European Union to maintain its opposition to new Arctic oil and gas drilling, as the bloc weighs revising its stance to prioritise energy security.The call highlights investor unease that the energy crisis triggered by the U…
Amplitude Energy has signed a binding agreement to purchase a 50% interest in VIC/L35, containing the Artisan gas field in the Offshore Otway Basin, Australia, from Beach Energy.Artisan is an existing discovered resource in the Offshore Otway Basin…
Baker Hughes announced Tuesday a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin.Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields…
IKM Acona has been awarded a framework agreement with Vår Energi for the delivery of drilling and wells services on the Norwegian Continental Shelf.The agreement has a duration of four years, with options for an additional 2 + 2 years.The agreement…
Borr Drilling has reported a wider first-quarter loss as delayed start-up work for the Odin jack-up rig and contract transitions weighed on earnings, while the offshore driller continued expanding its fleet and contract backlog.The company posted…
BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil, targeting combined 2P reserves of 68 million barrels of oil equivalent…
The Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 15/6-17 in production license 979.The license is operated by Aker BP with 60% working interest, while Equinor holds the remaining 40%…
Offshore drilling contractor ADES Holding has extended the contract for Shelf Drilling Winner rig with Tenaz Energy Netherlands from a one-year to a three-year firm term for operations in the Dutch sector of the North Sea.The company said the contract…