Offshore sector’s long-cycle developments and continued international investments contribute to upcycle.
Shell is selling its Nigerian onshore oil and gas business to a Nigerian-led energy consortium for $1.3 billion and will receive additional payments of up to $1.1 billion from the European group.
Galp Energia said a significant light oil discovery was made in the Orange Basin and a drill stem test will be performed to assess the discovery’s commercial viability
The Golar FLNG Gimi facility will be moored at the GTA Field for the next 20 years.
Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.
Woodside Energy’s converted FPSO is expected to receive first oil from the offshore field in mid-2024.
Here’s a roundup of the latest E&P headlines, including contract awards and BSEE’s report on the May 2021 fatality in Eugene Island Block 158 in the Gulf of Mexico.
Aramco’s onshore facilities in the South Ghawar began production two months ahead of schedule.
Here’s a roundup of the latest E&P headlines, including a small but commercial discovery in the North Sea and new contract awards.
The combined oil and natural gas rig count, traditionally an early indicator of future output, fell by two to 616 in the week to Nov. 10, the lowest since February 2022.